Cardano (ADA) Price Prediction (Updated July 2024)

2024 marks the year that Cardano was dethroned by Ton coin and now ranks as the 10th largest crypto by market cap. It seems like the blockchain network has struggled to compete against competitors and has fallen down the ranks thanks to tokens such as Doge coin and Solana. 

But, does Cardano have the potential to regain strength and see bullish momentum in 2024 and beyond? In this Cardano Price Prediction, we take a look at how ADA might perform from 2024 – 2050. 

Cardano Price Prediction Overview

Before we delve into our Cardano projections, let’s take a brief moment to look at its key statistics:

Cardano Price

The latest data quotes Cardano’s current price at $0.389 (updated 01/08/2024). Today, ADA is the tenth biggest cryptocurrency by market capitalization. It has a circulating supply of  35,730,923,690 ADA and a market cap of $13,989,709,979.

ADA’a current value is a 2.84% drop from its 24-hour closing figure. 

The asset traded horizontally over the past week, dropping just 1.38% of its value. Despite this dip, ADA has been on a good run for most of this year, growing by 27.85% to date. Therefore, it could still provide a good investment opportunity for hodlers.

Over the last month, ADA has dipped by 2.5%. While that loss could be concerning, the coin’s other vital metrics remain healthy. It’s, therefore, crucial to factor in those aspects in any investment decision.

Cardano Price Prediction 2024-2050

Predicting any cryptocurrency’s price with exactness is a tall order. However, combining other reviewers’ ADA price projections with AI analysis makes it possible to chart the asset’s price over time. That’s what we did here.

We had to dig deep into ADA’s past performance to project the following numbers:

Cardano Price Prediction 2024 – 2050

Cardano Price Prediction 2024

From the table above, we anticipate that Cardano’s lowest value in 2024 will be $0.330. The crypto asset could hit a high of $0.471 while its average trading prices will inch toward the $0.54 mark. 

Expect the crypto’s price to fluctuate month on month, as the following analysis will show:

ADA Price Forecast For August 2024

Expect ADA to close August with a maximum price of $0.483. That will be 0.28 dollars higher than its minimum trading value ($0.389) for that month. You can look forward to its median value being about $0.469.

ADA Price Forecast September 2024

We foresee Cardano’s minimum price for this month being $0.447. That’s a difference of $0.32 from its highest valuation ($0.479). It’ll also averagely trade at $0.463.

ADA Price Forecast For October 2024

As was the case in September, the lowest price that Cardano will attract in October will be $0.447. But its highest price in the month will reach $0.501. ADA’s mean valuation then will be $0.474.

ADA Price Forecast For November 2024

ADA will register a modest increase in its November lows from October. The coin will trade at a minimum value of $0.450 and a maximum of $0.507. Expect its average prices to hover about the $0.479 mark.

ADA Price Forecast For December 2024

Watch for a low of $0.476 in this month. Similarly, expect ADA to push strongly for the $0.60 mark, attaining a high of $0.547. Cardano will also close the month with a mean price of $0.512.

Cardano Price Prediction 2025

Our analysis suggests that in 2025, Cardano will break the $1.00 mark. Available projections indicate it’ll trade at a minimum price of $0.435 in early January. The coin will, however, rally to close the year at a high of $1.05, while its average exchange rate will be 0.898 to the dollar in December of this year.

Below, we forecast how ADA will fare in the year.

Cardano Price Prediction 2025

Cardano Price Prediction 2026

We reckon Cardano’s price will carry 2025’s growth into 2026. Per our estimates, ADA will record a minimum price of $1.29 in December of this year. Its prices could peak at about $1.50, whereas its mean value would oscillate around $1.33.

The table below provides further glimpses into their analysis:

Cardano Price Prediction 2026

Cardano Price Prediction 2027

ADA could break the $2 barrier in 2027. These foresee the crypto touching a high of $2.22 by the year’s close. Meanwhile, its minimum and trading average prices will be $1.88 and $1.93 respectively.

You can get further information on the year’s estimates here:

Cardano Price Prediction 2027

Cardano Price Prediction 2028

Going by our analysis, 2028 is the year when ADA breaks its ATH. We fancy the coin hitting a peak of $3.28 by the year’s close. On the flip side, the average price will be $2.92, and the lowest retail price will be $2.84.

The following table summarizes their take on Cardano’s performance in the year.

Cardano Price Prediction 2028

Cardano Price Prediction 2029

In 2029, Cardano will consolidate gains above the new ATH set in 2028. Crypto pundits expect it to end the year at a high of $5.01.

They are also convinced that ADA’s closing low will be $4.00, while its mean retailing price will be $4.12.

Cardano Price Prediction 2029

Cardano Price Prediction 2030

In our estimation, we anticipate ADA to trade within the $6.06 to $7.04 range. They forecast its mean exchange rate to be $6.22.

Cardano Price Prediction 2030

Cardano Price Prediction 2031

You could be trading ADA at double digits this year. According to our analysis, this coin will attract a maximum price of $10.59 in December 2031. We predict a low of $9.00 and an average trading value of $9.31.

Cardano Price Prediction 2031

Cardano Price Prediction 2032

By December 2032, ADA will be trading at a high of $16.05. We hold that its minimum exchange value will be roughly $13. Meanwhile, its average price will be $13.79.

Cardano Price Prediction 2032

Cardano Price Prediction 2033

Although it will have made significant gains by this year, ADA will still be trading under $25.00. According to our estimates, the highest it will reach is $23.26. It will record a low of $19.54, while its average exchange rate will be $20.23.

Cardano Price Prediction 2033

Cardano Price Prediction 2040

In 2040, ADA will trade in triple digits, with a high of $467. By that year’s end, the coin will attract an average valuation of $411.08. At the same time, the lowest it will trade at will be $389.23.

Cardano Price Prediction 2040

Cardano Price Prediction 2050

2025’s highlight will be ADA surpassing the $500 mark. Industry experts suppose that it’ll surpass the $560 mark then. You can expect to exchange it at a mean value of $524.57 and a low of $499.63. 

Cardano Price Prediction 2050

What is Cardano?

When you talk about Cardano, you could refer to one of two things. On the one hand, it’s an open-source, decentralized finance blockchain that presents itself as an alternative to market leaders Bitcoin and Ethereum.

On the other hand, it is the native cryptocurrency (ADA) that’s the lifeblood of this innovative crypto ecosystem.

Cardano (the blockchain) supports the development of smart contracts and decentralized applications (dApps). It’s the brainchild of Charles Hoskinson and debuted in September 2017. At its heart is the Ouroboros algorithm, which uses the proof-of-stake consensus mechanism. 

The combination of these technologies makes Cardano a highly energy-efficient and secure blockchain. Consequently, it ranks favorable among the top sustainability-conscious networks available today. Hoskinson is on record for claiming that Cardano is 1.6 million times more efficient than Bitcoin.

The platform is also famous for its unique two-layer structure comprising the Cardano Settlement Layer (CSL) and Cardano Computation Layer (CCL). While the CSL handles all the transactions, the CCL enables the development of smart contracts and dApps. This separation of functions enhances the blockchain’s flexibility and scalability.

Another of Cardano’s striking features is its adoption of peer-reviewed research. It depends on extensive academic research and expert reviews to guide its development. This strategy aims to increase the platform’s trustworthiness and reliability.

Again, Cardano has a community-driven governance model, where the stakeholders vote on proposals for any protocol changes or upgrades. This focus on collaborative development doesn’t end within its ecosystem, though. The platform’s focus on interoperability underpins its strong support for greater connection and inclusion within the blockchain ecosystem.

Cardano (ADA) Price History

Three periods define the evolution of Cardano’s price from inception to date. The first is what you’d call the launch and initial growth phase (2017-2020). Soon after its September 2017 Initial Coin Offering, ADA started trading at $0.02.

As is the case with new crypto coins, ADA experienced a dramatic surge in its price. At one time, it touched the $1.30 mark in January 2018. The prevailing bull market at that time played a significant role in this upswing.

However, as with cryptocurrencies, the market soon experienced a correction. That saw ADA hurtling from the $1.30 mark to lows of about $0.03 by 2018’s turn. In the next two years, the Cardano Foundation chose to concentrate on the platform’s technology and offerings, which saw its price slowly rise.

Between 2020 and 2021, ADA entered its second phase—the Shelley Era. With the 2020 Shelley upgrade, Cardano embraced staking and further entrenched decentralization. That update stirred interest in the project, boosting ADA’s valuation to over $0.15 by 2020’s close.

A bull run in late 2020 further surged ADA’s fortunes. Coincidentally, the market was warming up to decentralized finance (DeFi), crypto’s newest kid on the block. These two factors pushed ADA’s valuation to above $1.00 by the end of February 2021.

Another upgrade—Alonzo—released in September 2021 also gave ADA fresh impetus. This upgrade brought smart contracts to Cardano, allowing for the development of decentralized applications (dApps). The market responded positively to these developments, catapulting ADA’s price to its ATH of $3.10 before dropping to $1.31.

ADA then entered its current market consolidation phase in 2022. A marketwide downturn in the year wiped out most of the cryptocurrency’s value.

Not even the much-celebrated Alonzo hard fork would stem its fall to $0.2465. Other factors that led to this plunge are regulatory concerns and economic uncertainties.

Today, the asset has managed to claw back some losses, but it’s still far from its ATH. In the meantime, the team has continued concentrating on development initiatives. These moves have contributed to ADA consolidating around the $0.40 level.

Cardano Price Predictions From Other Experts

Various analysts and sites have predicted ADA’s future price performance. Below is a snippet of what they’re concluding:

Price Prediction

Priceprediction.net is upbeat about Cardano’s prospects. It has tipped ADA to record a significant upswing to attain the $0.9517 mark by 2025’s turn. The site also foresees ADA reaching $5.26 in 2030 and surpassing the $300 level by 2040.

Changelly

This crypto analyst is optimistic about Cardano’s fortunes over the coming months. They reckon that  ADA’s valuation will reach a high of $1.05 by 2025’s close. Additionally, they forecast Cardano hitting an average valuation of $6.22 in 2030 and $411 in 2040.

CryptoPredictions

On their part, CryptoPredictions tip ADA to trade at an average price of $0.6570 by the end of 2025. The site predicts the coin will trade at about $1.20 in December 2028.

Techopedia

Techopedia is bullish about ADA’s price movement. According to this analyst, the coin will close in 2024 at a high of $1.55. It’ll then surge to a maximum of $3.50 a year later before maxing at $6.00 in 2030.

Factors Affecting Cardano’s Price

Different factors affect ADA’s price. Chief among these is supply and demand. Growing demand for the crypto asset will likely cause its price to rise. Conversely, declining interest in acquiring or using ADA could lead to its prices falling.

Another factor that could impact ADA’s price is Bitcoin’s (BTC) price movements. Because of BTC’s dominance of the crypto landscape, it inadvertently affects how the other cryptocurrencies fare. Typically, a rally in BTC prices sees a general surge in the valuations of different crypto assets and vice versa.

Additionally, developments within the network can trigger price surges. Upgrades like the Shelley and Alonzo hard forks have improved Cardano’s features and functionalities, exciting the market. This excitement then heightened investor interest in the crypto asset.

Again, the cryptocurrency’s governance can enhance its statute in the public’s eyes, thus affecting its value. Investors want assurances of sound asset management. That’s why many projects worth their salt go to great lengths to ensure dependable, stable, and responsive leadership.

Finally, regulators also have a hand in how a crypto’s price, in this case ADA, plays out. Favorable decisions inspire confidence in the crypto, potentially increasing investments and spiking its value. 

Meanwhile, sanctions like the recent SEC declaration of ADA as an unregulated security make investors jittery about the asset. That eroded confidence in crypto would naturally see some liquidate part or all of their investments, sending the prices hurtling. 

Besides, this adverse standing with regulators makes investors apprehensive about backing the crypto. In the end, its price will bleed.

What factors affect the price of crypto coins?

Several factors can impact a given coin’s price. These include

• Supply and demand: Scarce coins are in high demand, which raises their prices and vice versa. 
• Investor sentiment: If investors are optimistic about a crypto asset, they’ll acquire more of it, driving up its valuation. Conversely, they may sell off parts of their holdings, causing a sharp fall in its price.
• Utility: Crypto assets with real-life usage have higher demand and potentially higher valuations.
• Adoption: As more users adopt a given crypto, they create a network effect. This can often translate into higher valuations for the concerned asset.
• Technological developments: Upgrades that expand a network’s offerings attract more users to it and its native crypto asset, shoring the cryptocurrency’s price.
• Economic and regulatory factors: Conducive economic and regulatory conditions can spur the adoption of a given asset. That, in turn, causes an upswing in its value.
• Media perception: Negative press can discourage investors from a particular asset, leading to its value falling. On the other hand, positive coverage of an asset may encourage its uptake, boosting its stock.
• Security: Crypto assets with robust security credentials attract many investors. They are often in high demand and, hence, have high prices. The opposite is true, too.

Final Thoughts and Next Steps

Cardano has struggled to revisit its all-time-high since reaching $3.10 in 2021. However, our Cardano price forecast suggests that the crypto has the potential to grow significantly over the next few years.

Despite this, it is important to be aware of current regulatory pressures that have been raised by the SEC. Cardano’s status as a security will greatly impact the token’s future potential.

Before making any investment decisions it is important to conduct your own research and analysis. We recommend reading several different price predicitons to get a balanced view of where ADA’s price could go.

If you are interested in adding Cardano to your portfolio, check out our guide on how to buy Cardano in 2024.

Cardano Price Prediction FAQs

Related Price Prediction Content