Cardano Price Prediction: Here’s Why ADA Price Could Lead 2024’s Altcoin Bull Run

Cardano, envisioned by Ethereum co-founder Charles Hoskinson as a “third-generation” cryptocurrency, seeks to address challenges such as scalability, interoperability, and enhancing decentralization that Ethereum encounters. Despite recent setbacks following the SEC’s classification of ADA, along with other major tokens, as securities, supporters of Cardano hold onto the belief that

has the potential to surpass ETH in the future. The cryptocurrency experienced a significant blow when the U.S. Securities and Exchange Commission (SEC) identified its ADA token as an unregistered security, a declaration made amidst legal actions against the Binance cryptocurrency exchange in June. This led to a downturn in ADA’s price, though it has since shown signs of recovery, still trailing behind its peak levels prior to the incident. On a brighter note, Cardano’s ecosystem appears to be thriving in other sectors. Reports indicate an increase in the total value locked (TVL) within its platform and a booming stablecoin sector. The currency witnessed a recovery recently amid a bullish market, with its value recording massive gains. Following a series of record highs for Bitcoin, Cardano’s trading price surged to about $0.8 in March, 2024. Fuelled by Hoskinson’s esteemed reputation and the community’s enthusiasm branding it as an “ETH killer” and a leader for the next altcoin boom, ADA price is set to break its previous ATH of $3. In this article, we’ll explore Cardano price prediction with in-depth technical analysis of the ADA price to determine its future market potential.

Cardano: A Quick Introduction

Cardano is a standout blockchain platform known for trying to be safer, faster, and more eco-friendly than others. It started in 2014, and its own digital currency, ADA, came out in 2017. Cardano lets people make smart contracts (which are like digital deals) and decentralized apps, and it claims to do this better and more securely than its competition.

Cardano was made to fix some problems seen in other platforms like

, but it’s been hard for it to get a lot of users. Now, Ethereum has new Layer 2 tech that makes transactions cheaper and faster, which makes Cardano’s unique features less of a big deal.

Its official website states that it integrates advanced technologies to ensure unmatched security and sustainability for decentralized apps, systems, and communities.

Hoskinson also helped establish the Hong Kong-based blockchain research and engineering firm Input Output Hong Kong (IOHK), which collaborates with the Cardano Foundation and Japanese software company Emurgo in developing Cardano.

Named after Gerolamo Cardano, a multifaceted Italian scholar of the 16th century, the Cardano blockchain’s native token, ADA, pays homage to Ada Lovelace, a 19th-century British mathematician recognized as the earliest computer programmer.

The blockchain is powered by the Ouroboros protocol, facilitating decentralization, scalability, and security within the network.

Echoing Ethereum’s ongoing enhancement efforts, Cardano is undergoing a sequence of hard forks to broaden its functionalities. The Mary hard fork in March 2021 transformed the network into a multi-asset platform, marking a significant milestone in its roadmap.

Cardano: Working Module And Roadmap

Cardano distinguishes itself through several key features. At its core, it highlights a research-first approach, with developments grounded in academic scrutiny and findings shared via peer-reviewed journals. A hallmark of its innovation is the integration of smart contracts, enabling computer programs to execute transactions automatically under specific conditions, a functionality introduced in September 2021.

The platform operates on its native cryptocurrency, ADA, named in honor of Ada Lovelace, a pioneer in 19th-century computing. ADA serves multiple purposes: rewarding participants who contribute to the blockchain’s maintenance, allowing holders to vote on network proposals or to delegate their voting rights in exchange for additional rewards.

Cardano’s unique consensus protocol, Ouroboros, facilitates network security and efficiency. This protocol is supported by a dual-layer architecture: The Cardano Settlement Layer (CSL) handles transaction recording and

transfers, while the Cardano Computational Layer (CCL) enables the deployment of smart contracts for more complex transactions.

The network supports three distinct user roles: mCore nodes, which govern the blockchain; relay nodes, which facilitate data transmission between mCore nodes and the internet; and edge nodes, which are responsible for initiating cryptocurrency transactions. This structure ensures a versatile and robust ecosystem.

The Vasil Hard Fork

The latest update to the Cardano blockchain, known as the Vasil hard fork, was postponed from its initial date of June 29 to September 22, 2022. This upgrade honors the memory of Vasil St Dabov, a prominent Cardano ambassador who passed away the previous year.

An IOHK blog post stated, “The Vasil upgrade introduces enhanced functionality, efficiency, scalability, and interoperability to Cardano by incorporating new features and improvements. It not only augments smart contract capabilities but is also a key part of the Basho stage in Cardano’s development journey. This phase emphasizes scaling, as well as network and ledger optimization, ushering in numerous advancements.”

During its testing phase in June, the team encountered three distinct bugs in the hard fork.

On August 1, 2022, Charles Hoskinson shared, “This upgrade is unprecedented in Cardano’s history in terms of complexity, encompassing modifications to the Plutus programming language, adjustments to the consensus protocol, and various other enhancements.”

A significant portion of the enhancements brought about by the upgrade were inspired by Cardano Improvement Proposals (CIPs) submitted by developers within the community.

IOHK further mentioned, “The upgrade will also introduce a suite of new cryptographic elements and make refinements to the script validation processes. These enhancements aim to achieve more consistent block propagation times and elevate the rate of transaction processing.”

Simultaneously, IOHK unveiled the Cardano sidechain Alpha, which employs the Ethereum Virtual Machine, on June 12, 2022.

Additionally, the Milkomeda C1 sidechain was launched in March. Nico Arqueros, the CEO and co-founder of dcSpark and a principal contributor to the Milkomeda Protocol, revealed on July 31, 2022, that the chain had facilitated nearly 7.5 million transactions.

Cardano Price Prediction: Price History

Let’s briefly examine the notable highs and lows in Cardano’s price history. Although it’s important to remember that historical performance is not a reliable predictor of future outcomes, understanding Cardano’s previous fluctuations can offer valuable insights for making or evaluating Cardano price forecasts.

Initially hitting the market in 2017, Cardano’s value was approximately $0.02. However, during the crypto boom of late 2017 to early 2018, ADA’s price surged to $1.33 by January 4, before experiencing a significant downturn, stabilizing around $0.08 for a considerable period.

A notable shift occurred in early 2021, sending ADA above the $1 mark in February and reaching a zenith of $2.46 by May 16. Nevertheless, the widespread cryptocurrency crash on May 19 led to a period of stagnation. Subsequent enthusiasm for Cardano’s Alonzo upgrade, which introduced smart contracts, drove its price to an all-time high of $3.10. Post-Alonzo excitement, the market corrected, and the value of ADA fell below $2, ending the year at $1.31.

The year 2022 proved challenging for the cryptocurrency market, including ADA, which dipped below one dollar in April and faced several downturns despite the anticipated improvements from the Vasil hard fork aimed at enhancing system performance. The year concluded with ADA at $0.2465, marking an annual decline of over 80%.

The new year brought a modest uptick for Cardano, reaching a high of $0.4606 on April 15 before experiencing another decline. The situation worsened following the SEC’s classification of ADA as an unregistered security, leading to a notable low of $0.2304 on June 10, exacerbated by Crypto.com’s suspension of its US institutional operations.

However, a rebound occurred, with ADA’s value spiking to $0.3747 on July 14, triggered by a court ruling that Ripple’s XRP did not constitute a security. Its price dipped again in August, influenced by a market downturn partly triggered by SpaceX’s sale of

holdings. By September 11, ADA’s price adjusted to $0.2376.

A recovery to $0.269 was seen on October 2, but it dipped again to $0.2407 by October 19. Following weeks brought market improvements, with ADA momentarily surpassing $0.40 on November 16, eventually stabilizing around $0.386 by November 29, 2023.

December saw Cardano riding a bullish wave, peaking at $0.6778 on December 14—its highest in over 18 months—before closing the year at $0.5942, marking a more than 140% increase throughout 2023.

The initial weeks of the new year saw

consolidating, valued at approximately $0.578 by February 15, 2024. March brought further gains, with ADA priced around $0.66 on March 29, 2024.

Cardano Price Prediction: Technical Analysis 

Cardano experienced sharp volatility following the overall bearish market sentiment. The price dropped below its crucial support line and bears are now aiming for a retest. As of writing, ADA price trades at $0.42, declining over 5.8% in the last 24 hours. 

Bulls attempted to push the price back into the triangle, but bears are defending the level. Bears are currently increasing their domination on the price chart below the immediate Fib channels. If the price falls below $0.4, it will indicate that bears have turned the support line into resistance, increasing the likelihood of a drop to $0.35. 

Conversely, if buyers drive the price above the 50-day SMA ($0.46), it will suggest that the breakdown might have been a bear trap. The ADA/USDT pair could then rally to the crucial resistance of $0.51. 

Cardano Price Prediction By Blockchain Reporter

Year	Minimum ($)	Average ($)	Maximum ($)
2024	0.5521	0.5702	0.6416
2025	0.7898	0.8126	0.9517
2026	1.11	1.15	1.36
2027	1.62	1.67	1.95
2028	2.34	2.42	2.81
2029	3.56	3.66	4.1
2030	5.12	5.26	6.22
2031	7.46	7.72	9.07
2032	11.05	11.44	12.9
2033	15.41	15.98	19.17

Cardano Price Prediction 2024

The SEC has classified Cardano’s ADA as a security, similar to many other cryptocurrencies, in its legal actions against Binance and Coinbase, but it hasn’t indicated what steps it might take against the issuers of these coins.

The SEC recently ended its lawsuit against XRP, and in 2024, it approved spot Bitcoin and Ethereum ETFs. Additionally, the Federal Reserve is likely to lower interest rates. This could be more good news for the cryptocurrency market, which started to recover from a long downturn at the end of 2023.

For Cardano in 2024, the “age of Voltaire” is set to begin. This phase will introduce an on-chain governance structure and a treasury, making the blockchain fully decentralized. However, development will continue with several projects planned for launch on the mainnet in 2024, including Partner Chains, the privacy-oriented Mithril protocol, and the Hydra state channels scaling solution.

The expected low for Cardano’s price in 2024 is around $0.5521. The ADA could see a peak value of $0.6416, with an average price likely to hover around $0.5702. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	0.45	0.46	0.48
February	0.46	0.47	0.49
March	0.47	0.48	0.5
April	0.48	0.49	0.51
May	0.49	0.5	0.52
June	0.5	0.51	0.53
July	0.51	0.52	0.54
August	0.52	0.53	0.55
September	0.53	0.54	0.56
October	0.54	0.55	0.57
November	0.545	0.555	0.575
December	0.5521	0.5702	0.6416

Cardano Price Prediction 2025

By 2025, the Cardano ecosystem is expected to thrive as more decentralized applications (dApps) launch and its decentralized finance (DeFi) sector expands. DeFiLama ranks Cardano as the 9th largest chain by total value locked (TVL), which saw a 241% increase in 2023.

By that time, many legal issues currently affecting major exchanges might be resolved, the global economic outlook is likely to have improved, and cryptocurrency regulations and adoption could become more standardized worldwide.

2025 is also expected to show the price impacts of the Bitcoin Halving that occurred in 2024. Historically, Bitcoin and many other cryptocurrencies reach new all-time highs 12–18 months after a halving event, which will align with 2025.

Based on the forecast and technical analysis, the price of Cardano in 2025 is anticipated to hit a minimum of $0.7898. It may reach a high of $0.9517, with the average price projected at $0.8126. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	0.65	0.66	0.68
February	0.66	0.67	0.69
March	0.67	0.68	0.7
April	0.68	0.69	0.71
May	0.69	0.7	0.72
June	0.7	0.71	0.73
July	0.71	0.72	0.74
August	0.73	0.74	0.76
September	0.75	0.76	0.78
October	0.76	0.77	0.79
November	0.77	0.79	0.81
December	0.7898	0.8126	0.9517

ADA Price Forecast for 2026

Our detailed analysis of past ADA price data suggests that in 2026, Cardano is likely to have a minimum price of $1.11. The price could spike to a maximum of $1.36, with the average likely around $1.15. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	0.9	0.91	0.93
February	0.92	0.93	0.95
March	0.94	0.95	0.97
April	0.96	0.97	0.99
May	0.98	0.99	1.01
June	1	1.01	1.03
July	1.02	1.03	1.05
August	1.04	1.05	1.07
September	1.06	1.07	1.09
October	1.08	1.09	1.11
November	1.09	1.11	1.13
December	1.11	1.15	1.36

Cardano (ADA) Price Prediction 2027

In 2027, Cardano’s price is expected to reach a minimum of $1.62. The highest price could be about $1.95, with the year’s average price estimated at $1.67. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	1.3	1.31	1.33
February	1.32	1.33	1.35
March	1.34	1.35	1.37
April	1.36	1.37	1.39
May	1.38	1.39	1.41
June	1.4	1.41	1.43
July	1.42	1.43	1.45
August	1.44	1.45	1.47
September	1.46	1.47	1.49
October	1.48	1.49	1.51
November	1.54	1.55	1.57
December	1.62	1.67	1.95

Cardano Price Prediction 2028

For the year 2028, Cardano is expected to hit a minimum price of $2.34. The potential maximum price is estimated at $2.81, with an average price of $2.42 throughout the year. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	1.8	1.82	1.85
February	1.85	1.87	1.9
March	1.9	1.92	1.95
April	1.95	1.97	2
May	2	2.02	2.05
June	2.05	2.07	2.1
July	2.1	2.12	2.15
August	2.15	2.17	2.2
September	2.2	2.22	2.25
October	2.25	2.27	2.3
November	2.28	2.3	2.55
December	2.34	2.42	2.81

Cardano Price Prediction 2029

Predictive analytics and technical analysis indicate that Cardano’s price in 2029 will likely start at $3.56 and could climb to a maximum of $4.10. The average trading price is projected to be $3.66. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	2.8	2.82	2.85
February	2.85	2.87	2.9
March	2.9	2.92	2.95
April	2.95	2.97	3
May	3	3.02	3.05
June	3.05	3.07	3.1
July	3.1	3.12	3.15
August	3.2	3.22	3.25
September	3.3	3.32	3.35
October	3.4	3.42	3.45
November	3.5	3.52	3.55
December	3.56	3.66	4.1

Cardano (ADA) Price Prediction 2030

The anticipated minimum price of Cardano in 2030 is $5.12. It could reach a high of $6.22, with an average price throughout the year of $5.26. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	4.2	4.22	4.25
February	4.3	4.32	4.35
March	4.4	4.42	4.45
April	4.5	4.52	4.55
May	4.6	4.62	4.65
June	4.7	4.72	4.75
July	4.8	4.82	4.85
August	4.9	4.92	4.95
September	5	5.02	5.05
October	5.04	5.06	5.09
November	5.08	5.15	5.18
December	5.12	5.26	6.22

Cardano Price Forecast 2031

For 2031, the price of Cardano is forecasted to have a minimum level of $7.46. Based on our analysis, the peak price could be $9.07, with the average price settling at $7.72. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	5.8	5.82	5.85
February	5.9	5.92	5.95
March	6	6.02	6.05
April	6.1	6.12	6.15
May	6.2	6.22	6.25
June	6.3	6.32	6.35
July	6.4	6.42	6.45
August	6.5	6.52	6.55
September	6.6	6.62	6.65
October	6.8	6.82	6.85
November	7.1	7.12	7.15
December	7.46	7.72	9.07

Cardano (ADA) Price Prediction 2032

Following our thorough technical analysis of ADA’s past prices, in 2032, Cardano is forecasted to maintain a minimum price of $11.05. The maximum price could reach $12.90, with the average trading value estimated at $11.44. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	8.5	8.55	8.6
February	8.7	8.75	8.8
March	8.9	8.95	9
April	9.1	9.15	9.2
May	9.3	9.35	9.4
June	9.5	9.55	9.6
July	9.7	9.75	9.8
August	9.9	9.95	10
September	10.1	10.15	10.2
October	10.3	10.35	10.4
November	10.7	10.8	11
December	11.05	11.44	12.9

Cardano Price Prediction 2033

In 2033, the price of Cardano is predicted to start at a minimum of $15.41. It could ascend to a maximum of $19.17, with an average trading price likely around $15.98 throughout the year. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	12	12.1	12.3
February	12.3	12.4	12.6
March	12.6	12.7	12.9
April	12.9	13	13.2
May	13.2	13.3	13.5
June	13.5	13.6	13.8
July	13.8	13.9	14.1
August	14.1	14.2	14.4
September	14.4	14.5	14.7
October	14.7	14.8	15
November	15	15.1	15.3
December	15.41	15.98	19.17

ADA Price Target: By Experts

According to Coincodex, the price of Cardano is expected to increase by 4.96% to reach $0.468628 by July 8, 2024. The technical indicators suggest a Bearish current sentiment, while the Fear & Greed Index indicates a level of 72, signaling Greed. Over the past 30 days, Cardano has experienced 40% green days and a price volatility of 3.18%. Based on these forecasts, it is currently not advisable to buy Cardano.

Looking further ahead, the price predictions for 2025, influenced by historical price movements and Bitcoin halving cycles, estimate Cardano’s lowest price at $0.412143. The predictions also suggest that Cardano’s price could reach as high as $2.31 next year.

According to market analysts and experts cited by Digital Coin Price, ADA is expected to begin the year 2026 at $1.31 and trade around $1.61. This price would represent a significant increase compared to the previous year and is considered a substantial gain for Cardano. By 2030, technical analysis and price predictions from Digital Coin Price suggest that Cardano’s price will reach $3.23 at both the beginning and end of the year, potentially peaking at $3.01 during the year. The period from 2024 to 2030 is anticipated to be a crucial time for Cardano’s growth.

Is Cardano A Good Investment? When Should You Buy?

Evaluating Cardano’s (ADA) investment potential is challenging due to the volatile nature of cryptocurrencies. Analysts provide a balanced view, praising Cardano’s foundation and growth but highlighting the need for increased efforts for success. They predict ADA’s price may vary between $1 and $3, with technological advancements potentially boosting its value. Investing in Cardano involves weighing its prospects against possible ecosystem, regulatory, and economic uncertainties. However, based on the current market sentiment, it’s a profitable time to invest in Cardano.

Conclusion

The value of Cardano, as with any cryptocurrency, can be influenced by a range of factors. Short-term fluctuations in ADA’s price are primarily driven by trader sentiment and the actions of major investors, known as whales. When there is increased interest from buyers, the price tends to rise significantly.

Moreover, whales have the power to sway the coin’s value. Holding substantial amounts of

tokens can lead to a surge in demand due to a decrease in available supply, which, in turn, elevates the token’s price, and the opposite effect occurs when large quantities are sold off.

Nonetheless, the Cardano blockchain is bustling with activity, hosting more than 1,000 dApps currently under development. In a significant move to strengthen the ecosystem, Emurgo, a founding entity of Cardano, declared in 2022 its intention to inject $200 million into it.

With these developments, the Cardano ecosystem appears poised for growth, possibly positioning ADA as a leading cryptocurrency to invest in. However, it’s crucial to weigh the impact of recent SEC allegations, as they could markedly halt Cardano’s price progression. Hence, it is advised to do your own research before investing in the volatile market.

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