Key takeaways
- The Cardano price prediction shows it will reach a high of $0.78 in 2024.
- In 2027, we expect ADA/USD to reach $1.63.
- Cardano can hit $2.64 in 2030 if the platform grows and adoption increases.
Cardano is a decentralized blockchain platform designed to be secure, scalable, and sustainable. It uses a unique proof-of-stake consensus mechanism called Ouroboros, which is more energy-efficient than the proof-of-work system used by Bitcoin and Ethereum. Cardano aims to be a flexible platform for running smart contracts, allowing the development of decentralized finance apps, new crypto tokens, games, and more.
The native cryptocurrency of Cardano is ADA, which can be used for storing value, sending and receiving payments, and staking to help maintain network security. Cardano is led by Charles Hoskinson, a co-founder of Ethereum and BitShares. The project has a strong emphasis on research and peer-reviewed development, with a roadmap divided into five eras: Byron, Shelley, Goguen, Basho, and Voltaire.
As of 2024, Cardano has a thriving DeFi ecosystem with a total value locked (TVL) of over $300 million. Upcoming developments include Mehen Finance’s introduction of the USDM stablecoin and the Hydra Layer 2 scalability solution. Cardano is the 10th Largest cryptocurrency by market capitalization, boasting high scalability, security and sustainability, positioning itself as a leading smart contract platform.
Overview
| Cryptocurrency | Cardano |
| Token | ADA |
| Price | $0.3372 |
| Market Cap | $11.79B |
| Trading Volume | $217.91M |
| Circulating Supply | 34.96B ADA |
| All-time High | $3.10 on Sept 01,2021 |
| All-time Low | $0.01735 on Oct 01,2017 |
| 24-hour High | $0.3416 |
| 24-hour Low | $0.3334 |
Cardano price prediction: Technical analysis
| Metric | Value |
| Volatility | 5.58% |
| 50-day SMA | $0.358122 |
| 14-Day RSI | 41.63 |
| Sentiment | Bearish |
| Fear & Greed Index | 39 (Fear) |
| Green Days | 16/30 (53%) |
Cardano price analysis: ADA support at $0.3 and resistance at $0.4
ADA price analysis 1-Day Chart
On October 10, the 1-Day chart for Cardano (ADA/USD), the price is $0.337, reflecting a 0.59% drop. The chart shows Bollinger Bands, with the price touching the lower band, indicating a possible oversold condition. The RSI stands at 40.31, also signaling potential overselling but not yet entering an oversold territory. The RSI has recently dipped below the 50 mark, suggesting a bearish momentum. The price has been in a downtrend since early September, hovering near the lower support at $0.320. Resistance appears around $0.365, where the middle Bollinger Band lies.
ADA price analysis 4-hours chart
Based on the 4-hour chart for Cardano (ADA/USD), the current price is $0.337. The MACD indicator shows a bearish crossover, with the signal line above the MACD line, suggesting continued downward momentum. The histogram also indicates a weakening trend, as the red bars persist. The Balance of Power indicator is neutral at 0.00, implying no dominant buying or selling force. Recent price action shows consolidation around $0.337 after a steady decline, with support likely near $0.330 and resistance near $0.350. Overall, the market remains bearish, with limited buying strength at this time.
ADA technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 0.335239 | BUY |
| SMA 5 | 0.342038 | SELL |
| SMA 10 | 0.34971 | SELL |
| SMA 21 | 0.369679 | SELL |
| SMA 50 | 0.358122 | SELL |
| SMA 100 | 0.369833 | SELL |
| SMA 200 | 0.456593 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 0.35826 | SELL |
| EMA 5 | 0.355133 | SELL |
| EMA 10 | 0.350191 | SELL |
| EMA 21 | 0.352406 | SELL |
| EMA 50 | 0.371522 | SELL |
| EMA 100 | 0.402815 | SELL |
| EMA 200 | 0.434934 | SELL |
Cardano price analysis conclusion
Based on both the 1-Day and 4-Hour Cardano (ADA/USD) charts, a bearish sentiment dominates the market. The 1-Day chart shows the price nearing the lower Bollinger Band with an RSI of 40.31, suggesting the asset is approaching oversold territory but not quite there. The 4-Hour chart further reinforces this with a neutral Balance of Power and a bearish MACD, indicating downward pressure. A brief consolidation around $0.337 is evident, with potential support around $0.320 and resistance near $0.365. Without significant buying momentum, further downside movement or sideways action is expected in the short term.
Why is Cardano down?
Cardano’s recent decline is attributed to a lack of direction and utility, with many holders expressing frustration over stagnant price movements and minimal project engagement. The bearish trend is reinforced by technical indicators showing a weakening market, compounded by broader market conditions affecting cryptocurrencies overall.
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 prospects remain uncertain. Technical indicators show a bearish trend, with short-term and long-term moving averages declining. However, Cryptopolitan predicts potential price increases, estimating ADA could reach $2.64 by 2030, depending on market conditions and adoption rates.
Will Cardano reach $2?
Based on Cryptopolitan price prediction, Cardano is likely to reach $2 by 2030, with a forecasted range of $2.39 to $2.64. 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.
Will Cardano reach $3?
Current predictions for Cardano (ADA) suggest it will reach $3 in the long term. Forecasts for 2027 estimate a maximum price of around $1.63, with more optimistic long-term projections suggesting potential highs of $2.64 by 2030.
Will Cardano reach $5?
Since the all-time high of Cardano was around $3, breaking this point would require significant bullish momentum. While it is possible, the overall bearish sentiments regarding Cardano’s past performance can cause a lot of resistance. Hence, it is not likely to reach $5 in the near future.
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 price increases, with estimates suggesting a rise to around $3. 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 challenges like regulatory scrutiny and developer engagement.
Recent news/opinion on Cardano
- 8 Million ADA Tokens Unlocked: On October 2, Cardano unlocked 18.53 million ADA tokens, representing about 0.5% of its total supply. This release is estimated to be worth approximately $7.37 million and is expected to enhance liquidity in the market, potentially affecting the ADA price positively in the long run despite short-term fluctuations.
- Deadalus users can now access version 6.0.0 for mainnet, which is required to cross the upcoming Chang hard fork.
Cardano price prediction September 2024
Cardano’s price prediction for September 2024 is estimated to be stable, with a potential low, average, and high all projected at $0.35, indicating minimal expected price fluctuation.
| Cardano Price Prediction | Potential Low | Potential Average | Potential High |
| Cardano Price Prediction September 2024 | $0.35 | $0.35 | 0.35 |
Cardano price prediction 2024
Cardano price movements for 2024 suggests a potential low of $0.32, an average of $0.68, and a potential high of $0.78, reflecting possible price growth throughout the year.
| Cardano Price Prediction | Potential Low | Potential Average | Potential High |
| Cardano Price Prediction 2024 | $0.32 | $0.68 | $0.78 |
Cardano price predictions 2025-2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $0.76 | $0.83 | $0.91 |
| 2026 | $1.04 | $1.18 | $1.28 |
| 2027 | $1.36 | $1.59 | $1.63 |
| 2028 | $1.36 | $1.59 | $1.63 |
| 2029 | $1.68 | $1.78 | $1.93 |
| 2030 | $2.39 | $2.56 | $2.64 |
Cardano price prediction 2025
In 2025, Cardano’s price is expected to see a modest increase, with a minimum of $0.76, an average of $0.83, and a maximum of $0.91. This suggests a steady upward trend, reflecting growing adoption and interest in the Cardano ecosystem as it continues to mature in the cryptocurrency market.
Cardano price prediction 2026
Cardano’s price forecast for 2026 shows a more significant growth trajectory. The potential minimum is $1.04, the average trading price is $1.18, and the maximum could reach $1.28. This indicates increasing market confidence and potential expansion of its blockchain technology, driving further value and stability to its price.
Cardano price prediction 2027
By 2027, Cardano’s price is predicted to gain more strength, with a minimum of $1.36, an average of $1.59, and a peak of $1.63.
Cardano price prediction 2028
In 2028, ada price prediction shows stability at similar levels to 2027, with a minimum of $1.36, an average of $1.59, and a maximum of $1.63. This consistency could imply market maturity and a well-established user base, maintaining value between market dynamics and ongoing developments within the blockchain sector.
Cardano price forecast 2029
For 2029, Cardano is projected to experience further growth, with prices ranging from a minimum of $1.68 to an average of $1.78, and reaching up to $1.93. This reflects increasing utility, technological enhancements, and broader adoption.
Cardano price prediction 2030
By 2030, Cardano’s price could see substantial gains, with a minimum of $2.39, an average price of $2.56, and a potential high of $2.64. This significant increase represents optimism in Cardano’s long-term prospects, driven by sustained technological innovation, strategic partnerships, and widespread use cases in various sectors.
Cardano price prediction: Analysts’ ADA price forecast
| Firm Name | 2024 | 2025 |
| Coincodex | $ 0.869061 | $ 1.821572 |
| Changelly | $ 0.375 | $ 0.564 |
Cryptopolitan’s Cardano price prediction
According to cryptopolitan predicts Cardano’s price will range from $0.32 to $0.68 in 2024 to $2.39 to $2.64 by 2030, indicating substantial growth driven by technological advancements, increased adoption, and strengthened market position within the evolving cryptocurrency landscape.
Cardano historic price sentiment
- 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 is has formed strong support at the $0.33 mark and it now expected to retrace back towards the upside.
- During the month of September, the price experienced a peak at $0.37. However, by October 04, it slightly declined, trading at $0.35
