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
| Cryptocurrency | Cardano |
| Token | ADA |
| Price | $1.01 |
| Market Cap | $35.37B |
| Trading Volume | $3.82B |
| Circulating Supply | 35.1B 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
| Metric | Value |
| Volatility | 24.53% |
| 50-day SMA | $0.698013 |
| 14-Day RSI | 53.50 |
| Sentiment | Bullish |
| Fear & Greed Index | 78 (Extreme Greed) |
| Green Days | 20/30 (67%) |
Cardano price analysis: ADA support at $0.4 and resistance at $1.1
ADA price analysis 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
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 $1.022 is needed to shift momentum toward bullish sentiment.
ADA technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | $ 0.889367 | BUY |
| SMA 5 | $ 1.016462 | SELL |
| SMA 10 | $ 1.091434 | SELL |
| SMA 21 | $ 1.035208 | SELL |
| SMA 50 | $ 0.698013 | BUY |
| SMA 100 | $ 0.526444 | BUY |
| SMA 200 | $ 0.481446 | BUY |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | $ 0.946559 | BUY |
| EMA 5 | $ 0.804249 | BUY |
| EMA 10 | $ 0.6288 | BUY |
| EMA 21 | $ 0.50141 | BUY |
| EMA 50 | $ 0.422576 | BUY |
| EMA 100 | $ 0.403462 | BUY |
| EMA 200 | $ 0.416311 | BUY |
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.
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.
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 Prediction | Potential Low | Potential Average | Potential 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 Prediction | Potential Low | Potential Average | Potential High |
| Cardano Price Prediction 2024 | $1.07 | $2.32 | $2.64 |
Cardano price predictions 2025-2030
| Year | Minimum Price | Average Price | Maximum 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: Analysts’ ADA price forecast
| Firm Name | 2024 | 2025 |
| 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 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
