Cardano (ADA) Price Prediction 2022-2031
The live Cardano price today is $1.20 USD with a 24-hour trading volume of $2,105,280,230 USD. We update our ADA to USD price in real-time. Cardano is down 1.12% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $40,556,804,161 USD. It has a circulating supply of 33,739,028,516 ADA coins and a max. supply of 45,000,000,000 ADA coins.
What Is Cardano (ADA)?
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.
In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
Who Are the Founders of Cardano?
Cardano was founded by Charles Hoskinson, who was also one of the co-founders of the Ethereum network. He is the CEO of IOHK, the company that built Cardano’s blockchain.
In an interview for CoinMarketCap’s Crypto Titans series, Hoskinson said that he got involved in cryptocurrencies back in 2011 — and dabbled in mining and trading. He explained that his first professional involvement in the industry came in 2013, when he created a course about Bitcoin that ended up being taken by 80,000 students.
As well as being a technology entrepreneur, Hoskinson is also a mathematician. In 2020, his technology company donated ADA worth $500,000 to the University of Wyoming’s Blockchain Research and Development Lab.
What Makes Cardano Unique?
Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy intensive than the proof-of-work algorithm relied upon by Bitcoin. Although the much larger Ethereum is going to be upgrading to PoS, this transition is only going to take place gradually.
The project has taken pride in ensuring that all of the technology developed goes through a process of peer-reviewed research, meaning that bold ideas can be challenged before they are validated. According to the Cardano team, this academic rigor helps the blockchain to be durable and stable — increasing the chance that potential pitfalls can be anticipated in advance.
In 2020, Cardano held a Shelley upgrade that aimed to make its blockchain “50 to 100 times more decentralized” than other large blockchains. At the time, Hoskinson predicted that this would pave the way for hundreds of assets to run on its network.
The Alonzo hard fork launch in September 2021 will bring an end to the Shelley era, and usher in the Goguen phase. Users can develop and deploy smart contracts on Cardano, allowing native decentralized applications (DApps) to be built on blockchain. Cardano price broke the $3 mark and hit an all-time high of $3.101 on Sept. 2, 2021, ahead of the launch.
How Many Cardano (ADA) Coins Are There in Circulation?
There is a maximum supply of 45 billion ADA — but at the time of writing, there was a circulating supply of about 31 billion. Five rounds of public sales of Cardano tokens were held between September 2015 and January 2017. Cardano price during its pre-launch sale was $0.0024, which represents an over 1000x return, given Cardano price now.
Approximately 2.5 billion ADA was allotted to IOHK once the network launched. Meanwhile, an additional 2.1 billion ADA was given to Emurgo, a global blockchain technology company that served as a founding entity of the Cardano protocol. Last but not least, 648 million ADA was given to the not-for-profit Cardano Foundation, which aims to promote the platform and increase levels of adoption.
Overall, about 16% of ADA’s total supply went to the project’s founders, with the remaining 84% being split among investors.
How Is the Cardano Network Secured?
Cardano is secured through an “environmentally sustainable, verifiably secure” PoS protocol that’s known as Ouroboros.
The project says that Ouroboros improves upon the security guarantees that are delivered by a PoW consensus mechanism while using substantially less power — claiming that it is four times more energy efficient than Bitcoin.
It is described as a blend of unique technology and mathematically verified mechanisms, with behavioral psychology and economic philosophy thrown in for good measure. Overall, the objective of Ouroboros is to achieve sustainable and ethical growth.
An incentive mechanism means that participants in the network are rewarded for their involvement.
What Is Cardano’s Alonzo Upgrade?
On Sept. 12, Cardano released its highly-anticipated Alonzo upgrade. Following the upgrade, the blockchain network can now support a wide range of crypto applications, including non-fungible tokens (NFTs) and smart contracts.
Alonzo is named after American mathematician Alonzo Church, who is considered to be one of the founding fathers of computer science.
In addition to supporting NFTs and smart contracts, Cardano can now be used for decentralized exchanges.
In general, Alonzo puts Cardano in the same class as Ethereum, the world’s leading blockchain which supports other applications other than its native Ether token. Smart contracts, for instance, are one of the cornerstones of the decentralized finance sector — and Cardano now supports smart contracts.
In February 2022, the number of Cardano wallets broke the three million milestone. Since December 2020, it has surged by 1,200%, from 190,000 to over 3,000,000. This coincided with an increase in smart contracts following the Alonzo Upgrade, and Cardano surpassed the 1,000 smart contracts milestone on Jan. 27, 2022.
Another indicator of the ecosystem's explosive growth is developer activity: Cardano boasted the most developers contributing to its Github, beating out more developed blockchains like Solana. On average, more than 50 contributions are submitted to its repo per day.
However, the network is still struggling with implementing its smart contracts, and users had complaints about a sluggish launch of its SundaeSwap decentralized exchange in January 2022.
Where Can You Buy Cardano (ADA)?
As one of the biggest cryptocurrencies in the world in terms of market capitalization, you shouldn’t have much difficulty in finding a major exchange to buy Cardano on including Binance, Bittrex, eToro, and HitBTC.
ADA Price Prediction: An Expert Forecast
Since its market launch in September 2017, Cardano Forecast has provided a return on investment of almost 1500%. Cardano price predictions suggests that the Cardano price is up for a long-term 75.740523% in the ADA price value with a 5-year investment. This means that in the year 2025, the Cardano price is forecasted to stand at $3.
According to a Reddit community’s price forecast, the coin may gain its glory by almost double the current price, stooping to as high as $2.9 by the second quarter of 2022. However, this gain shall be short term.
According to Wallet Investor ADA price prediction, a long-term increase is expected. The average price Cardano forecast for 2026 is $10.210. With a 5-year investment, the revenue is expected to be around +719.52%.
According to Trading Beasts, the Cardano (ADA) price is going to increase massively over the next few years. By the end of 2024, the average Cardano price is expected to be around $2.83458.
According to Investing Cube’s ADA/USD predictions, the cryptocurrency price is expected towards its next big breakout. The key resistance level to watch for 2025 and 2030 will be around $7 and mid-$20, respectively.
As per Longforecast’s price forecast, by the end of 2025, the price of Cardano will be $2.941, while the minimum price will be around $2.381. The average price prediction 2025 is around $2.707.
Based on future ADA price predictions, the cryptocurrency has been showing a rising tendency and hence, it may be a good investment advice option in the long-term. The future price of ADA/USD is predicted at $11.995 over the next 5 years.
Cardano (ADA) Price Prediction 2022
Going by the price movement trend of Cardano, it could be easily said that there are strong bullish signals. Global economic and geopolitical trends indicate that the market will remain favorable for crypto, and this will favor ADA more as the blockchain major is launching the Alonzo mainnet hard fork to enable smart contracts. You will see the coin will hit a $1.3 - $1.5 value by the end of this year.
Cardano (ADA) Price Prediction 2023
If we go by bullish projection, ADA might break the $1.5 resistance level and go further beyond $1.9 by the year-end. In the hyper bullish crypto scenario, analysts believe it could go further and reach $1.5 - $1.9 in 2023.
Cardano (ADA) Price Prediction 2024
If the crypto trend reverses, ADA, just like others, could see price fall in short-range to the current resistance level of $2.4. In the worst-case scenario, it could fall deeper to $2.1 level before regaining the composure to bounce back to the bullish position. The average price of cardano will be $2.4 - $2.8 in 2024
Cardano (ADA) Price Prediction 2025
Crypto experts believe momentum is in favor of Cardano, and if the trend continues the ADA could reach $3.5 level in 2025, with a bullish high of $4. So our ADA prediction indicates that we will see a $4 USD price in the year 2025.
Cardano (ADA) Price Prediction 2026
The price of Cardano is predicted to reach at a minimum value of $4.9 in 2026. The Cardano price could reach a maximum value of $6 with the average trading price of $5.2 throughout 2030.
Cardano (ADA) Price Prediction 2027
According to our deep technical analysis on past price data of ADA, In 2027 the price of Cardano is forecasted to be at around a minimum value of $7.20. The Cardano price value can reach a maximum of $8.62 with the average trading value of $7.45 in USD.
Cardano (ADA) Price Prediction 2028
The price of Cardano is predicted to reach at a minimum value of $10.24 in 2028. The Cardano price could reach a maximum value of $12.21 with the average trading price of $10.62 throughout 2028.
Cardano (ADA) Price Prediction 2029
As per the forecast and technical analysis, In 2029 the price of Cardano is expected to reach at a minimum price value of $14.56. The ADA price can reach a maximum price value of $17.91 with the average value of $14.98.
Cardano (ADA) Price Prediction 2030
The price of Cardano is predicted to reach at a minimum value of $20.75 in 2030. The Cardano price could reach a maximum value of $24.94 with the average trading price of $21.35 throughout 2030.
Cardano (ADA) Price Prediction 2031
Cardano price is forecast to reach a lowest possible level of $31.40 in 2031. As per our findings, the ADA price could reach a maximum possible level of $36.29 with the average forecast price of $32.25.
Frequently Asked Questions (FAQs)
Can Cardano hit $10?
Yes, as per Cardano Forecast, prices can hit the $10 mark in the long-term, but it will take time. Currently, it holds the potential for a significant bullish run in the next few years based on technological advancements of the Cardano ecosystem as well as technical outlook.
How does ADA ensure privacy compared to other cryptocurrencies?
Cardano Crypto Price stands out as a third-generation digital asset. One does not face any privacy issues with ADA mainly because of its salient characteristics. It gives you the major advantage of keeping your information in the process highly private and non-transparent.
Is ADA 100% anonymous?
No false promises, absolutely. What ADA guarantees is a world full of benefits. It all depends on your wisdom to invest your money in Cardano with due diligence and prior spadework done.
Where to buy Cardano?
All renowned major exchanges like Binance, Coinbase, Bittrex, HitBTC, etc., carry the hallmark presence of ADA. The compliant exchange also gives you the facility of directly trading ADA for fiat currencies like US Dollar, EUR, GBP, etc., or other cryptocurrencies on many exchanges. Investors can also benefit from block rewards programs on ADA.
Where I can Hold My Cardano Token?
There are several investors seeking to know more information regarding the wallets where they can hold their Cardano Tokens. So, you can hold your tokens on Ledger, Trezor, Math Wallet, Trust Wallet, MetaMask, Exodus, Safepal, Binance Chain Wallet, and Atomic Wallet.
Will ADA Reach $100?
For Cardano, it is really unlikely that the coin will reach $100 USD because the coin itself is already in the top 10 cryptos because of its market cap.
Is Cardano a good investment?
It could be, depending on price analysis as well as technical analysis that how wisely you invest in Cardano and see the development chart. Have you tracked ADA price prediction in cryptocurrency news diligently and watched the development of the crypto market? The reliable platform of ADA price prediction does not guarantee any overnight billionaire dreams coming to fruition.
Can you stake Cardano?
Cardano holders can stake ADA, which provides them with rewards in addition to the potential market price gains. The more ADA you stake, the more rewards you can earn.
Why is the ADA coin price going up?
The primary reason for Cardano coin price rising in markets could be the rewards and DeFi advantage added with sufficient supply. Cardano continued its tremendous growth over the last three months. So, what’s exactly behind Cardano coin forecast? Cardano is known as the “next big thing” after Ethereum. The no. of use cases of Cardano blockchain and frequent network updates might help it grow significantly.
What will Cardano be worth in five years (2026)?
According to the latest updates, the Cardano future price analysis is expected to be $4.3 at least. Cardano will be able to achieve the maximum price of $4 before 2026 begins.
How much will Cardano be worth in 2030?
In terms of price, Cardano has an outstanding potential to reach new heights. It is forecast that ADA will increase in value. According to specific experts and business analysts, Cardano can hit the highest price of $36.29 till 2030.
Is Cardano Scam or Legit?
The Chance of being a scam coin is negligible and anyone can invest in the ADA coin. Because the coin is in the top 10 for a long time Cardano is one of the most known coins right now.
Will Cardano replace/surpass/overtake Bitcoin?
Cardano replacing, surpassing, or overtaking Bitcoin anytime in the near future seems difficult. Bitcoin being the first crypto, it has reached a whole new height, and beating it would not be anything near ‘Easy’.
Can Cardano overtake Ethereum?
No, honestly, Cardano can’t be considered an Ethereum killer because Ethereum is still the dominant L1 in crypto. Cardano offers a similar platform to Ethereum but differs in following a research-driven approach to design. It has the potential to overtake Ethereum, but we can consider it as an updated version of ETH in simple words. Moreover, significantly fewer dapps have been built on Cardano than Ethereum. Hence, ETH remains the king of the dapps. So, if you are an ETH holder, hold it or accumulate when you have the opportunity after exploring Ethereum price prediction and technical analysis.
Cardano right now is one of the most known cryptocurrency amounts the traders. Many hope that the coin will beat ETH in the upcoming years which is highly unlikely. Our Cardano price prediction will give you a general idea of how much amount you should be putting in.The ADA coin will be the best option for long-term investors.