Loading...

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

Key takeaways

  • Cardano’s price can reach a potential high of $0.55 in 2024.
  • In 2027, we expect ADA/USD to reach $5.03.
  • Provided that the platform grows and adoption increases, Cardano can hit $10.32 in 2030.

After the halving event of Bitcoin earlier this year, experts are speculating on whether Cardano can retrace up and retest its all-time high in 2025. Speculations about an upcoming bull run are further driving investment into ADA.

At the same time, many crypto enthusiasts and investors (both short-term and long-term) ask, “Will ADA hit $100 in 2030?” and whether it can retrace back to $3.09 (the all-time high).

Overview

Cardano price prediction: Technical analysis

Cardano price analysis: ADA continues to consolidate sideways

TL: DR Breakdown

  • ADA continues to consolidate sideways between $0.401 and $0.522.
  • The support is strong at $0.401.
  • ADA can break above $0.415 in the short term.

The Cardano price analysis on June 16 shows that ADA/USD continues to move sideways. On Friday, June 14, it retested the support levels at $0.401 and bounced back up. This was the second time this support was tested after trading in a range of $0.401 and $0.522 since 13 April 2024. 

ADA price analysis 1-day chart: Sideways price action with strong support at $0.401 

Cardano’s 1-day chart has been pretty much moving sideways since the mid of April, 2024. ADA doesn’t seem to have a lot of buying pressure at the moment. The overall outlook is bearish, however, it hasn’t broken lower than $0.401 due to strong support at these levels. 

ADA/USD 1-day chart (Source: TradingView

The RSI on the daily chart is also somewhat stable at 35.86. Hence, we do not expect any sudden price action or god candles on the daily chart. ADA is expected to consolidate sideways for now until we see the market’s conditions improve. 

Cardano 24-hour price movement: Lack of volatility with slight indications of breaking above $0.415

Overall, Cardano has lacked volatility in the last 24-hours. However, looking closely at its hourly price action, we can see that it is forming higher lows while the upper resistance level is stable at $0.415. 

ADA/USD 1-hour chart (Source: TradingView) 

The 1-hour Cardano price action suggests that there is a possibility of breaking above $0.415 soon, as the buy pressure is somewhat increasing, even if it is not significant. The RSI, on the other hand, is at 50, suggesting that the market won’t immediately correct itself, which is a healthy signal in the short-term.  

What to expect from Cardano price analysis

Overall, there are no clear indications of an uptrend in the market as the bears have taken charge and driven prices lower. The closest support level lies at $0.4636, while resistance is at $0.4783, indicating that the market will likely remain volatile in the coming days.

Is Cardano a good investment?

Cardano has made significant strides in the blockchain domain, notably integrating smart contract capabilities, enhancing its appeal for various applications from decentralized finance (DeFi) to non-fungible tokens (NFTs). This advancement underscores Cardano’s dedication to creating a scalable and secure proof-of-stake (PoS) ecosystem.

For investors, the allure of Cardano (ADA) lies in its technological progress and the potential for broad adoption. The platform’s ongoing developments and expanding ecosystem indicate a bright future. Cardano offers a strong investment proposition rooted in rigorous scientific research and diverse use cases, suggesting its viability for sustained growth. Our Cardano price prediction section will examine the potential ROI for investors over the coming years.

ADA technical indicators: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

Cardano price analysis conclusion

Overall, Cardano seems to have a bearish outlook and the fear is high among the investors. This is due to the fact that the recovery to its previous prices seems to be very slow, and it lacks significant positive momentum even on green days. However, in the short-term, it is expected to break above $0.415 with strong support at $0.401.

Recent news/opinion on Cardano

  • Cardano holders recently got the opportunity to vote for three seats of the Interim Constitutional Committee (ICC) at the beginning of Epoch 49. The voting will last until 23 June and it will cover Epochs 491 and 492.

Is Cardano a good investment?

Cardano offers a scalable smart contracts platform that uses a unique PoS consensus algorithm that is highly energy efficient. It has a growing user base. It also enables exciting applications like RWA (real world asset tokenization), which is considered to gain massive attention in the near future. 

Since ADA serves as the native token that powers the Cardano ecosystem, it is certainly a good investment for the long-term. Even though its market is currently down, there is no reason why it can’t recover to its previous levels in the future. 

Where to buy Cardano?

You can buy Cardano on almost all centralized crypto exchanges. Among these, the most popular ones ate Kucoin, Binance, and Coinbase. Similarly, Bitfinnex also offers a wide range of trading pairs and supports Cardano as well.

Cardano price prediction June 2024

Based on the current price action, there is not likely to be much upward momentum in Cardano in June 2024. Its price has been fluctuating between $0.413 and $0.523 over the last few months based on the current technical analysis. It formed a local top at $0.512 on 21 April 2024. Since then, Cardano hasn’t retested the levels.

Market conditions are expected to be slightly bullish over the next few months, so ADA may retest the local top again in June. However, given that ADA has retraced significantly from its all-time high of $3.09, sell pressure remains high as many early investors cut their losses.

Cardano price prediction 2024

The market is expected to take a bullish turn by the end of this year. Based on these speculations, we can expect that ADA/USD will somewhat recover and may also break above the local top at $0.512 that it created on 21 April. However, the overall investor confidence in Cardano isn’t very high at the moment.

However, if we are confirmed to be in a bull run and new retail enters the crypto market in Q4 of 2024, we can expect Cardano to retest its previous all-time high. Breaking through that point would, however, require a lot of buying pressure.

Cardano price predictions 2025-2030

Cardano price prediction 2025

In 2025, ADA’s average price could be about $2.11. Its minimum and maximum prices can be expected at $1.81 and $2.42, respectively. 

Cardano price prediction 2026

Entering 2026, ADA’s potential price is expected to rise, after which it may range between $2.76 and $3.30. During this period, the average price will fluctuate around $3. However, since it would be near Cardano’s all-time high, it can face significant resistance from early investors breaking even.

Cardano price prediction 2027

Looking at Cardano’s past performance and assuming that it follows the crypto market trends, we can expect ADA/USD to break above the previous all-time high and potentially hit $5.03. Cardano’s price prediction for 2027 projects a minimum price of $4.56 and an average price of $4.79

Cardano price prediction 2028

In 2028, ADA/USD is expected to continue its rally upward after four full years of Bitcoin halving. At this point, its price can hit a maximum price of $5.73 an average price of $5.51 and a minimum price of $5.29.

Cardano price forecast 2029

Based on the current market projection, ADA can be valued at a minimum of $6.68, forming strong support. At this point, it may continue its upward rally and get elevated to $7.79. However, the average price is expected to be around $7.23 during this time.

Cardano (ADA) price prediction 2030

The price of ADA/USD in 2030 is expected to soar to the $10 mark. However, this would require the Cardano ecosystem to achieve significant growth and the overall structure of the crypto market to turn bullish.

In 2030, the price of ADA is forecasted to be around a minimum value of $9.12, maximum value of $10.32 and an average trading value of $9.72.

Cardano market price prediction: Analysts’ ADA price forecast

Cryptopolitan’s Cardano (ADA) price prediction

Even though the current ADA/USD market struggles with a lot of sell pressure, Cryptopolitan’s overall outlook in the long term is positive, especially because it has affordable fees and an ecosystem that supports smart contracts. Our Cardano price forecast suggests that it can recover to its previous all-time high of $3.09 and potentially break above in the coming years.  

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 trading within the range of $90 – $142 in June.
  • Cardano’s technology, modular improvement, and future positioning as key factors, hinting at the possibility of spot-Cardano ETF in the future. This development could further boost Cardano’s price.

FAQs

Will Cardano's price go back up? 

Yes, in the long term, the price of ADA tokens is expected to go up, especially with mass adoption of smart contracts. It that happens, more investment will flow into Cardano and its market cap will increase.

Will Cardano hit $100 by 2030?

No, Cardano is not likely to hit $100 by 2030. Even the most generous estimates suggest that its price may touch $10 in 2030. However, it is speculative and depends on several factors.

What is the projected price of Cardano in 2025?

Cardano’s price is projected to be around $2.11 in 2025, provided that we are confirmed to be in a bull run. However, don't forget to do your own research before taking investment decisions.

Is Cardano a good investment right now?

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.

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.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

arbitrum price prediction
Cryptopolitan
Subscribe to CryptoPolitan