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Cardano price prediction 2024-2030: Will Cardano reach $1?

Key takeaways:

  • Cardano’s price is expected to reach $2.64 in 2024.
  • By 2027, ADA/USD could achieve a value of $5.53.
  • By 2030, Cardano might reach a maximum price of $8.98.

Cardano is a third-generation blockchain platform launched in 2017 by Ethereum co-founder Charles Hoskinson. Designed for decentralized applications and smart contracts, it uses Ouroboros—a unique, energy-efficient Proof of Stake consensus mechanism.

Cardano’s two-layer architecture separates transactions from smart contracts, enhancing scalability and flexibility. Its native cryptocurrency, ADA, is used for transaction fees, staking, and governance, allowing holders to influence the platform’s future. Emphasizing a research-driven, peer-reviewed development approach, Cardano aims to tackle blockchain challenges like scalability and sustainability, making it a strong alternative to platforms like Ethereum. Thanks to its recent rally, Cardano has become the ninth-largest cryptocurrency, with its market capitalization exceeding $34.7 billion.

Perhaps you’re wondering: with its innovative technology, can Cardano’s ADA reach new all-time highs soon?

Let’s uncover what the future holds for Cardano?

Overview

CryptocurrencyCardano
TokenADA
Price$1.01
Market Cap$35.37B
Trading Volume$3.82B
Circulating Supply35.1B ADA
All-time High$3.10 on Sept 02, 2021
All-time Low$0.01735 on Oct 01, 2017
24-hour High$1.15
24-hour Low$0.9507

Cardano price prediction: Technical analysis

MetricValue
Volatility24.53%
50-day SMA$0.698013
14-Day RSI53.50
SentimentBullish
Fear & Greed Index78 (Extreme Greed)
Green Days20/30 (67%)

Cardano price analysis: ADA support at $0.4 and resistance at $1.1

ADA price analysis 1-day chart

ADA/USD chart
ADA/USD 1-Day chart

On December 10, the 1-day Cardano (ADA) chart reflects a sharp decline as the price drops below $1.00, closing at $0.998. The Bollinger Bands (BB) highlight heightened volatility, with the upper and lower bands positioned at $1.293 and $0.864, respectively. The price’s move below the 20-day Simple Moving Average (SMA) of $1.079 signals bearish momentum. The Relative Strength Index (RSI) has decreased to 52.03, indicating weakening buying pressure but still hovering in overbought territory. If ADA fails to reclaim $1.00 as support, it could retest the lower BB at $0.864. Conversely, a recovery above $1.079 may signal a bullish resurgence.

ADA price analysis 4-hour chart

ADA/USD chart
ADA/USD 4-hour chart

The 4-hour chart for Cardano (ADA) shows the price struggling to hold above the $1.00 psychological level, currently trading at $1.001, marking a 1.77% decline. The Balance of Power (BOP) indicator sits at -0.39, reflecting bearish dominance. The MACD (12,26) reveals a bearish crossover, with the MACD line at -0.019 below the signal line at -0.030, and both trending downward, indicating increasing bearish momentum. The price faced rejection near $1.022, while support lies around $0.971. Further bearish pressure could push the price toward $0.95. Recovery above $1.022 is needed to shift momentum toward bullish sentiment.

ADA technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 3 $ 0.889367BUY
SMA 5 $ 1.016462SELL
SMA 10 $ 1.091434SELL
SMA 21 $ 1.035208SELL
SMA 50 $ 0.698013BUY
SMA 100 $ 0.526444BUY
SMA 200 $ 0.481446BUY

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 3 $ 0.946559BUY
EMA 5 $ 0.804249BUY
EMA 10 $ 0.6288BUY
EMA 21 $ 0.50141BUY
EMA 50 $ 0.422576BUY
EMA 100 $ 0.403462BUY
EMA 200 $ 0.416311BUY

Cardano price analysis conclusion

Based on the 1-day and 4-hour charts, Cardano’s price is exhibiting bearish momentum as it struggles to hold key support at $1.00. The 1-day chart shows a decline below the 20-day SMA at $1.079, with an RSI of 52.03, leaning on bearish momentum. The 4-hour chart highlights increasing selling pressure, with the Balance of Power at -0.39 and the MACD showing a bearish crossover. A break below $0.98 could push ADA toward $0.95. However, consolidation above $1.00 could signal stabilization, and reclaiming $1.079 might revive bullish sentiment, depending on broader market trends.

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Is Cardano a good investment?

Cardano (ADA) presents a mixed investment opportunity. It is a third-generation blockchain that aims to solve scalability issues and enhance security through its Proof-of-Stake mechanism. While some analysts predict significant price increases by 2030, others caution that it remains a high-risk investment due to the volatile nature of the crypto market.

Investors should consider their risk tolerance and research before investing, as Cardano’s future performance is uncertain and contingent on market conditions and technological advancements.

Will Cardano recover? 

Cardano’s recovery potential depends on market sentiment and adoption. Despite past challenges, its projected price increase in 2024, potentially reaching $1, has significantly bolstered confidence in the coin’s future.

Will Cardano reach $5?

Based on our analysis, Cardano is likely to reach $5 by 2027, with a forecasted range of around $5.53. This projection is driven by Cardano’s continued technological advancements, growing adoption, strategic partnerships, and increasing market confidence, indicating a positive long-term growth trajectory for the cryptocurrency market.

Will Cardano reach $10?

ADA is predicted to reach $8.98 by 2030. While this brings it closer to the $10 mark, it is not expected to achieve that level yet.

Will Cardano reach $50?

Cardano is trading around $1, with an all-time high of $2.80 in early 2021. While not impossible, reaching $50 in the next few years is highly uncertain.

Does Cardano have a good long-term future?

Cardano (ADA) has the potential for a positive long-term future, primarily driven by its technological advancements and growing ecosystem. Predictions indicate that by 2030, Cardano could see significant growth, with estimates suggesting a rise to around $9. The platform’s unique features, such as its focus on scalability and partnerships with various institutions, position it well for future adoption. However, its success will depend on overcoming regulatory scrutiny and developer engagement challenges.

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Recent news/opinion on Cardano

The Cardano Foundation has announced a partnership with Lawside & @STADLER_VOELKEL to simplify EU compliance for projects—game-changing whitepaper released!

Cardano’s governance action ‘Should K increase?’ ruled unconstitutional – foundation promises detailed breakdown!

Cardano price prediction December 2024

By December 2024, Cardano is projected to have an average price of $1.23, with forecasts showing a maximum of $1.28 and a minimum price of $1.15.

Cardano Price PredictionPotential LowPotential AveragePotential High
Cardano Price Prediction December 2024$1.15$1.23$1.28

Cardano price prediction 2024

According to the Cardano price prediction, ADA might reach a maximum price of $2.64, with an average trading price of about $2.32 and a minimum price of $1.07

Cardano Price PredictionPotential LowPotential AveragePotential High
Cardano Price Prediction 2024$1.07$2.32$2.64

Cardano price predictions 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025$2.58$2.82$3.08
2026$3.55$4.00$4.36
2027$4.62$5.41$5.53
2028$4.62$5.41$5.53
2029$5.71$6.05$6.57
2030$8.12$8.71$8.98

Cardano price prediction 2025

The Cardano forecast for 2025 suggests a price range of $2.58 to $3.08, with an average ADA rate of $2.82

Cardano price prediction 2026

The Cardano market price is expected to peak at $4.36 in 2026. However, it might fall to $3.55, with an average of $4.00.

Cardano price prediction 2027

The price for Cardano is predicted to reach a maximum value of $5.53 in 2027. On the lower end, ADA is expected to trade at $4.62, with an average of $5.41.

Cardano price prediction 2028

Traders can expect an average trading price of $5.41, with minimum and maximum prices of $4.62 and $5.53, respectively, in 2028

Cardano price forecast 2029

Cardano is expected to reach an all-time high of $6.57 by 2029. However, it could fall to $5.71, with an average price of $6.05.

Cardano price prediction 2030

In 2030, ADA’s average forecast price could be $8.71. Its minimum and maximum trading price is expected to be $8.12 and $8.98, respectively

Cardano price prediction 2025-2030
ADA price prediction 2025-2030

Cardano price prediction: Analysts’ ADA price forecast

Firm Name20242025
Coincodex$ 1.255$ 2.89
Changelly$ 1.28$ 0.827

Cryptopolitan’s Cardano price prediction

According to Cryptopolitan projections, the price of ADA could reach a maximum of $2.64 in 2024. By 2025, Cardano’s price could trade at a maximum of $3.08.

Cardano’s historic price sentiment 

Cardano price history
Cardano price history
  • Cardano was founded in 2015 and went live in 2017. It initially gained investor support and popularity for being affordable and environmentally friendly due to its unique PoS mechanism called Ouroboros.
  • In 2021, Cardano implemented the smart contract feature with the Alonzo update. This update came on the ADA test network and brought the interoperability and scalability that was promised to the users earlier.
  • The ADA price reached its all-time high during the bullish cycle of 2021, when it hit $3.09. However, its price started plummeting at the beginning of September 2021 and reached a low of $0.220 in June 2023.
  • It then formed a local high at $0.810 on 14 March 2024 before dipping again to $0.401 in April 2024 due to heavy selling pressure as early investors rushed to cut their losses.
  • From 13 April 2024, Cardano has been trading between $0.52 and $0.401, with strong support at the $0.4 mark. It has retested this zone twice and rejected it, which suggests that recovery may be possible once this consolidation period ends.
  • In May 2024, Cardano made a local top at $0.51 and rebounded lower after retesting this resistance level.
  • ADA is traded within the range of $0.317 and $0.423 in July after forming a local bottom at $0.317.
  • In August, it formed strong support at the $0.33 mark but retraced towards the upside.
  • During September, the price experienced a peak at $0.37. However, by October 04, it slightly declined, trading at $0.35
  • In early November, Cardano’s price was trading at $0.33. On December 04, the Cardano price went as high as$1.1999 with a trading volume of $2.95B

FAQs

Is Cardano a good investment?

Since Cardano is currently in a dip, it can be a great investment for those who believe in its technology and its ability to recover over the long term.

What is the utility of the ADA token?

ADA is the native token of the Cardano ecosystem that supports dApps, and it is used to pay transaction fees on the platform. It can also be staked to earn passive rewards.

Where can I buy ADA?

You can buy ADA on all major cryptocurrency exchanges like Binance, Coinbase, Kraken, KuCoin, and more.

Is there a risk to staking Cardano?

There are no risks to staking Cardano. However, like all other cryptocurrencies, you must keep your wallet's private keys safe in order to retain access to your funds.

Can the Cardano price crash?

Cardano is already on a dip, and while its market may not be very bullish right now, its long-term projections are good. New developments are happening in the Cardano ecosystem. Hence, its price is not likely to crash.

Is Cardano a scam or legit?

Cardano is a legit cryptocurrency that fuels transactions on the Cardano ecosystem, which supports decentralized applications.

Where do I safely store ADA?

You can store Cardano safely on any hot or cold wallet that supports ADA, such as Daedalus wallet or a Ledger Nano S.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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