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

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

CryptocurrencyCardano
TokenADA
Price$0.3352
Market Cap$11.73B
Trading Volume$219.41M
Circulating Supply34.99B ADA
All-time High$3.10 on Sept 01,2021
All-time Low$0.01735 on Oct 01,2017
24-hour High$0.3414
24-hour Low$0.3312

Cardano price prediction: Technical analysis

MetricValue
Volatility4.42%
50-day SMA$0.355654
14-Day RSI44.69
SentimentBearish
Fear & Greed Index69 (Greed)
Green Days12/30 (40%)

Cardano price analysis: ADA support at $0.3 and resistance at $0.4

ADA price analysis 1-Day Chart

ADA/USD chart. Image source: Trading view

On October 28, the Cardano (ADA) 1-day chart shows a bearish trend as the price sits at $0.334, marking a 1.76% drop. The price is hovering near the lower Bollinger Band, indicating increased selling pressure. The Relative Strength Index (RSI) stands at 47.20, suggesting overbought territory. The moving averages (MA) indicate resistance around $0.348, with the upper Bollinger Band offering significant resistance near $0.370. If ADA fails to maintain the $0.327 support, it may face further declines, while resistance at $0.370 could cap any upward momentum.

ADA price analysis 4-hours chart

ADA/USD chart. Image source: Trading view

The Cardano (ADA) 4-hour chart shows a price of $0.335, reflecting a slight upward move of 0.60%. The Balance of Power (BoP) indicator stands at 0.67, signaling that the bulls are maintaining some control in the short term. However, the Moving Average Convergence Divergence (MACD) shows a neutral stance, with the MACD line and signal line almost flat at -0.003, suggesting a lack of strong momentum in either direction. The price remains in a consolidation phase between support at $0.333 and resistance around $0.340. A break below or above these levels could indicate the next trend direction.

ADA technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 3 0.339362SELL
SMA 5 0.344084SELL
SMA 10 0.347451SELL
SMA 21 0.354473SELL
SMA 50 0.355654SELL
SMA 100 0.359583SELL
SMA 200 0.406289SELL

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 3 0.348817SELL
EMA 5 0.350092SELL
EMA 10 0.351608SELL
EMA 21 0.354219SELL
EMA 50 0.357215SELL
EMA 100 0.371168SELL
EMA 200 0.401246SELL

Cardano price analysis conclusion

Based on the 1-day and 4-hour charts, Cardano’s price action appears uncertain, with bearish tendencies prevailing in the short term. On the daily chart, the price is testing the lower Bollinger Band at $0.334, indicating potential downside risks if support around $0.327 fails. The RSI suggests overbought condition. The 4-hour chart shows mild bullish pressure, with the Balance of Power at 0.67 and MACD signaling neutrality. In the near term, a range-bound movement is likely between $0.327 support and $0.370 resistance unless a breakout triggers stronger momentum in either direction.

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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.

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.

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.
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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 PredictionPotential LowPotential AveragePotential High
Cardano Price Prediction September 2024$0.35$0.350.35

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 PredictionPotential LowPotential AveragePotential High
Cardano Price Prediction 2024$0.32$0.68$0.78

Cardano price predictions 2025-2030

YearMinimum PriceAverage PriceMaximum 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 Name20242025
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

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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