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Academy > Technical Analysis > Cardano Price Prediction: An In-Depth Analysis >

Cardano Price Prediction: An In-Depth Analysis

2022-11-10 09:07:32

Summary:

  • Cardano, a proof-of-stake Layer 1 blockchain, has consistently ranked among the top 10 cryptos by market cap.
  • Price analysis platform, bitNation, has given its native token, ADA a highest price prediction of $3.63 and lowest of $3.41 for 2030.
  • Cardano’s roadmap sets out a strong path for growth and adaptability for a potentially positive long-term price prediction.

cardano coin price prediction

Cardano Price Prediction: A Background

Most crypto investors and traders are accustomed to market volatility, with huge fluctuations being the norm rather than exception.

The Cardano blockchain’s native ADA cryptocurrency is not immune to volatility and has seen its fair share of price movement. Only recently, ADA rose from $0.80 in March 2022 to $1.22 in April, only to drop down to $0.46 in May and then climb back up to $0.66 by the end of the month.

Cardano, or ADA, is worth $0.37 today, with a circulating supply of 34.29B ADA for a market cap of $12.5 billion. But what is Cardano’s future?

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Is Cardano a Good Investment 2022?

Let’s be frank, unless you’re a day or swing trader, not much has been a good investment in 2022, if you bought in during this bear period–because the dips keep dipping.

Bitcoin itself has fallen by more than 70% from its peak of $68K just last November, and most altcoins, by more–80% to 90%.

As such, Cardano may not provide great returns in the short-term, but several factors indicate it may be a coin to seriously consider if you’re looking at a long-term investing horizon. These factors include continuous improvement and performance (no outages, transaction speed, cost, etc).

How long is long-term in crypto? Well, if you had bought in five years ago when ADA’s price was $0.02, you would have made a gain of well over 1,900% if you sold off in November 2022, when its price was about $0.40.

Cardano (ADA) Price Prediction 2025

With the Vasil hard fork failing to boost ADA price, and inflation expected to continue, analysts including LongForecast, a platform specializing in long term price predictions, argue that Cardano is facing a long downturn. The platform’s analysts have given an ADA price prediction 2025 of only $0.09 to $0.15.

Cardano is not dead, however, and although outpaced by its competitors, it remains 8th by market rank. It is also important to remember that the Vasil update has not even been active for a month, and as its new features, improved performance, and lower gas fees become apparent, it will spark fresh investor interest. If this happens, those who bought in during the bear market could see significant returns.

Cardano also boasts the one thing that many of its competitors do not: a consistent top 10 spot in the crypto industry. This makes Cardano one to watch; if it delivers, there will be no stopping the buying pressure which will push prices back up in time to come.

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Why is Cardano Dropping?

The market today is a bearish one, with many cryptos, including Bitcoin (BTC) experiencing falling prices. In addition to the bear market, threats to regulate this new asset class from the likes of the U.S. Federal Bureau of Exchange, and the expected introduction of taxes may be a factor impeding adoption.

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This was also seen in the ADA Cardano price prediction, as the Cardano price prediction 2021 looked good, but since its all-time high in September 2021, ADA has lost near 88% of its value.

cardano price chart

ADA price graph from Aug 2021 to Oct 22 showing the crypto’s drop from its all-time high of September 2021 (Source: Coinmarketcap)

Although these external factors play a huge part in why Cardano is dropping, there is another factor hampering Cardano’s growth, and that is competition. One blockchain giving Cardano a run for its money is Bitgert (BRISE), whose price rose significantly at the same time ADA fell during the same period (see below chart).

brise price chart

BRISE price graph from Aug 2021 to Oct 22 showing the crypto’s rise in the same period as ADA’s fall. (Source: Coinmarketcap)

Most analysts, including those from specialized price prediction platforms WalletInvestor and CoinCodex, predict the bearish sentiment to continue. Technical analysis indicators, including moving averages, indicate a strong “sell” on Cardano.

What Could Push Cardano Price Up?

Cardano is fighting its competition and the drop in its value with upgrades. The Vasil upgrade, a major hard fork which upgraded functionality and reduces gas fees by up to 50%, was launched on 22 September 2022.

cardano comparison

How Cardano fares against its competitors (Source: r/solana on Reddit)

While the last hard fork in September 2021 propelled the ADA price to its all-time high of $3.10, the same price appreciation was not seen following the Vasil hard fork, for reasons that have less to do with Cardano itself, and more to do with the overall market sentiment.

For one, it’s a very different market playing out when Vasil happened. The macroeconomic landscape looks bleak, with successive US Fed interest rate hikes sending the financial markets, including the crypto market, crashing.

Secondly, most altcoins worth their salt saw new all-time highs in tandem with Bitcoin reaching a record-high of $68K back in November 2021.

In summary, what will restore Cardano’s price will be a shift in market sentiment–when the market heads in the next bull market, that will be when Cardano will shine.

Cardano Price Prediction 2030, 2040, and 2050

Using technical tools, the price analysis platform, bitNation, has given an ADA Cardano highest price prediction of $3.63 and lowest of $3.41 for 2030.

bitnation ada price prediction

ADA price prediction 2030 by BITNATION. (Source: BitNation)

BitNation is one of few price prediction platforms that believe Cardano will show huge growth, with most predicting a more bearish turn of events. However, it should be remembered that the market is an emotional one, and Cardano holds the power of reputation as a relatively stable crypto investment.

If Cardano can catch up to its competitors in terms of its offering, then ADA will most likely take the bigger portion of investment and the Cardano price prediction will be bullish.

Cardano Price Prediction 2040 and 2050

More long-term ADA price predictions into the next decades like 2040 or 2050 will depend on Cardano’s upgrades and direction, as well as the external factors of market movement and crypto adoption. When focusing on Cardano’s internal aspects, the best place to see its planned developments (which will affect the ADA Cardano price prediction) is its roadmap.

cardano upgradesCardano upgrades according to its roadmap. (Source: Cardano.io)

As the Vasil upgrade takes Cardano further into the BASHO phase of its roadmap, the blockchain enters its final phase before true decentralization. With the next phase, Voltaire, Cardano should be ready to fly with its community at the helm.

At this point, Cardano should be fast, efficient, cost-effective, and secure–all of which should come with Vasil.

Following this, the aspirational decentralization to be achieved during the Voltaire phase will help push Cardano price up come 2040s and 2050s.

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How High Can Cardano Go? What Is Cardano’s Potential?

An exact ADA crypto price prediction for any timeframe is near impossible since the industry itself is still young and very much in a state of price discovery. However, through technical analysis tools and Cardano’s own roadmap, we can make a reasonable ADA prediction. ADA price predictions, for now, remain bullish. It has consistently remained in the top 10 cryptos by market cap, and yet clearly shows that it is not taking that for granted.


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