Cardano has seen an impressive price run in the opening weeks of 2021 - surging almost 600% between January and February.
Whilst few people would argue against Bitcoin’s dominance of the crypto sphere, especially after BTC’s own record-breaking run throughout the first weeks of the year, the battle of the altcoins appears to be hotting up with Cardano, Polkadot and Binance Coin all vying to take the number two spot from Ethereum.
In reality, most experts would argue that the only real pretender to the altcoin crown is Cardano. It’s technical credentials and innovative, two-tier network architecture have meant that Cardano has long been described as a potential ‘Ethereum killer’ and as upgrades are continually made to its ecosystem, the coming years could see this somewhat sinister epithet become a reality.
Of course, there is a long way to go yet, but an understanding of Cardano’s technical fundamentals along with a review of its recent price movement should highlight why many investors are suddenly turning bullish on ADA.
In this Cardano price prediction for 2025 and 2030, we’ll take an in-depth look at what we might expect from the altcoin over the next five to ten years.
The History of Cardano
Cardano’s rivalry with Ethereum goes right back to its inception, as Charles Hoskinson was involved in establishing both cryptocurrencies. Along with another Ethereum alumnus, Jeremy Wood, Hoskinson set up the Input-Output Hong Kong (IOHK) platform in 2015, which then played host to ADA and the Cardano blockchain when it was launched in 2017.
To develop Cardano, Hoskinson and Wood commissioned wide-ranging scientific studies of the existing cryptocurrency market and promised an entirely new token that would address all the apparent shortcomings of the most popular cryptos, such as Bitcoin and Ethereum - most notably, security and scalability.
ADA addresses vs. capitalization chart. Source: Coinmetrics
They relied on the Ethereum blockchain as a blueprint for Cardano’s infrastructure but made use of the Haskell programming language, which they claim would make Cardano one of the most secure cryptocurrencies in the world. Each stage of Cardano’s development was also peer-reviewed by some of the world’s leading academic institutions, including the University of Edinburgh and Tokyo Institute of Technology.
The most notable innovation of Cardano was its proprietary Ouroboros system - a two-tier blockchain architecture, with one layer handling general transactions and the other dealing with smart contracts and decentralised apps. This infrastructure meant that Cardano had a much faster transaction rate than most existing cryptocurrencies as well as a huge amount of versatility when it came to future developments.
Touted as the first third-generation cryptocurrency, Cardano quickly acquired a market cap worth hundreds of millions of dollars, before reaching a peak of $35 billion by January 2018 - just months after launching.
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Looking at Cardano’s Recent Price Performance
Technical particulars are all well and good, but any crypto investor knows that they cannot in themselves be used to form reliable Cardano price predictions - especially as the best cryptocurrency on paper is rarely the best performing asset in the charts. So what has Cardano’s recent price movement been like?
ADA had something of a lacklustre year in 2020. Despite a promising bull in February, which saw prices climb from around $0.03 to over $0.07, the markets were then high by the start of the COVID-19 pandemic and ADA quickly sunk back down and hit a low of $0.019 in March. Cardano then showed signs of recovery, with an impressive run that saw prices soar to over $0.14 over the summer. Things then fluctuated for ADA before December saw prices stabilise at $0.18.
This is when things started to get interesting for ADA (and much of the crypto market for that matter). After the first week of January 2021, prices had soared to an all-time high of $0.32, prompting many prominent crypto analysts to reconsider their Cardano price predictions. However, this proved to be just the tip of the iceberg and ADA continued to skyrocket - the altcoin surpassed Bitcoin Cash as the seventh largest coin by market cap and eventually reached parity with the US dollar on the 20th February.
At the time of writing, Cardano shows no sign of abating on its record-breaking price run, with the coin now trading at a high of $1.35 - which represents growth of approximately 600% this year along.
Battle of the Upgrades: Can Cardano Take on Ethereum 2.0?
Numerous cryptocurrencies have been touted as the next rival to Ethereum, including EOS, TRON, and Polkadot, but the reality is that the launch of Ethereum 2.0 has laid waste to several such claims. In fact, many altcoins have been tipped to potentially collaborate or even integrate with Ethereum once the upgrade is fully operational.
So what about Cardano? It appears that the competition between Ethereum and Cardano could boil down to a battle between upgrades. The latter is undergoing its Goguen ‘Mary’ update which will ultimately allow for the creation of on-chain tokens that are ‘native’ to the network, making Cardano a multi-asset blockchain and a much more credible rival for Ethereum.
The next phase of the Cardano upgrade is expected to go live from next month and will give users the power to create their own tokens with similar functions to ERC-20 fungible and ERC-721 non-fungible tokens on Ethereum. However, despite these apparent similarities, there are a few key differences in the respective networks of Cardano and Ethereum.
One significant advantage Cardano has over Ethereum will be the elimination of execution fees once the Mary update is complete. Ethereum users interacting with a token smart contract are charged have to pay gas fees, whereas Cardano wouldn’t charge its users. Cardano also has the advantage over Ethereum in that it already uses the proof of stake mechanism - something which Ethereum intends to implement in the future.
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Demand for Cardano is Increasing
One issue that has dogged Cardano to some degree is that a few major cryptocurrency exchanges are yet to support the token - most notably, Coinbase, which is one of the most popular platforms for retail investors. However, there have been rumblings that this is due to change in the near future.
In addition, the largest exchange in South Korea, Korbit, began listing ADA in December 2020, opening up Cardano for millions of users and - crucially - allowing it to compete in one of Ethereum’s biggest trading grounds, with as much as 40% of global ETH trading believed to take place in South Korea.
Ultimately, demand for Cardano will likely be dependent on the success of its upgrades, but it seems crypto investors are optimistic - there has been an increase in the number of Cardano wallets, according to AdaStar, with an average of 121 new wallets created every hour since ADA’s record-breaking price run - an increase of 98% on the 63 wallets created per hour as of January 1.
Any suggestion of increased demand is always a positive sign for Cardano price predictions and with more technical developments in the pipeline, it’s just possible that ADA could maintain its recent growth.
What’s Next: Cardano Price Predictions for 2025
Cardano has certainly had a good start to 2021, but as we look ahead it’s important to remember how volatile the market can be; things change extremely quickly in the world of cryptocurrency so any Cardano price predictions are only ever going to be estimated - there are no guarantees.
The most reliable way of building a forecast for 2025 is to consolidate several Cardano price predictions from leading analysts and draw our conclusions based on averages.
TradingBeasts has one of the more conservative Cardano price predictions, forecasting fairly linear growth for ADA over the coming five years. For the remainder of 2021, the platform has Cardano seeing further 10% growth throughout March, before things start to stabilise and things creep up by a few percentage points per month until closing the year at an average price of $1.46.
The one downturn that TradingBeasts predicts comes in September 2022, when ADA is expecting to drop as low as $1.16. However, from here, Cardano is expected to continue its’s steady growth, reaching $2.70 before the close of 2025.
WalletInvestor is somewhat more optimistic and sees much steeper growth.
According to its projection, ADA will hold its price for 2021, before trading above $1.50 for much of 2022 and 2023. By December 2025, WalletInvestor has Cardano reaching an average price of $2.31.
The Economy Forecast Agency somewhat goes against other Cardano price predictions. They are predicting stratospheric growth for the remainder of 2021, with ADA hitting an unprecedented high of $5.54 in January 2022, before going into substantial decline over the next 3 years, dropping as low as $0.95 in early 2024 before recovering to $2.37 by the end of 2025.
Finally, Coinswitch is also overwhelmingly bullish on Cardano, predicting the coin could surpass $2 by 2023 and peak above $3 before the end of 2025.
Looking Further Ahead: Cardano Price Predictions for 2030
Naturally, anyone looking to invest in Cardano in the short term will welcome the current forecasts as far as 2025, but what about further ahead? In reality, Cardano price predictions beyond the next five years are purely speculation and should not be the sole basis of any realistic investment strategy. But that isn’t to say long term Cardano forecasts can’t give you an idea of the token’s potential over the long term.
Coin Price Forecast believes that ADA will see exponential growth over the next decade. It has Cardano trading well over $30 per token by 2026 and believes it will continue to grow until reaching the $100 mark in 2030.
Elsewhere, Libertex believes that by 2030 Cardano will more than likely dominate the dApps market but is considerably more subdued in its prediction than Coin Price Forecast, believing that ADA will see modest gains over the next few years and perhaps exceed $10 per token within ten years.
Similarly, Crypto-Rating’s algorithm has ADA at around the $10 mark by 2030, however, this is in spite of what the platform believes is an inevitable market-wide bear market that will hit between 2027 and 2030 - which Cardano will weather admirably.
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Conclusion: Should You Invest In Cardano?
Cardano is arguably the most promising cryptocurrency on the market. From the way it was designed to the numerous upgrades it has undergone since its launch.
Cardano is one of the few networks that can tick all the boxes and displays no apparent shortcomings when it comes to the future of blockchain - the same of which cannot be said for either Ethereum or Bitcoin.
Should you invest in Cardano? The answer really depends on your current portfolio goals. Whereas most Cardano price predictions have the token continuing its growth throughout 2021, there is some divergence over what happens further down the line.
Naturally, a good way to hedge your bets is to diversify. The current price of ADA per token is still relatively cheap, so it may well be worth buying a small amount in any case, especially if you are already invested in Ethereum - having both onboard could be a good way to hedge your bets.
Ultimately, Cardano’s future depends on continued technological innovation. There will no doubt be other third-generation coins coming onto the market and ADAs selling point as a peer-reviewed blockchain is not something that can be patented. The developers at Cardano therefore not only need to have their sights firmly on Ethereum, but they also need to stay ahead of the market in general.
Where To Invest In Cardano
As we mentioned earlier, there are some popular retail exchanges that, for one reason or another, are yet to list Cardano. So where can you invest in Cardano?
One of the best brokers on the market is eToro. It offers support for ADA as well as a good selection of other popular cryptocurrencies and is a very user-friendly platform - especially for the less experienced crypto investor.
Once you’ve completed the short registration process, you’ll have access to several financial markets, as well as a host of professional trading and analytical tools. In addition, eToro also offers plenty of educational materials for those looking to conduct further research before they invest in Cardano.
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Is now a good time to invest in Cardano?
Several cryptocurrencies have seen impressive price runs in the opening weeks of 2021 and Cardano is no exception. At the time of writing, the altcoin had surged by over 600% and many Cardano price predictions are pointing to further growth. As such, now could well prove a good time to invest in Cardano - especially as prices look to surge further in the near future.
Will Cardano overtake Ethereum?
Many altcoins have been touted as ‘Ethereum killers’ and most have fallen well short of the mark. Whilst Cardano is still a long way behind its predecessor, it’s technical superiority could well see it take the number 2 spot and many experts are choosing to invest in Cardano as part of a long term strategy, with the very real belief that Cardano could be the major altcoin by 2025 - 2030.
Will Cardano reach $10?
Cardano price predictions vary wildly - especially once they go beyond 2022. Some believe ADA will steadily appreciate whilst others believe it will experience several peaks and troughs. As far as future prices go, Coin Price Forecast’s prediction of $100 may be a little ambitious, but both Libertex and Crypto-Ratings have drawn up very believable trajectories that see ADA reaching $10 by 2030.
Should I invest in Cardano long term or short term?
Cardano is one of the most intriguing cryptocurrencies out there. However, anyone looking to invest in Cardano should be aware that, whilst most analysts believe it will continue to grow in 2021, many are forecasting turbulent times ahead. In our view, the lower risk investments are either short term, under 12 months, or for the longer term, say 5 - 10 years.
What will Cardano be worth in 2025?
If you are looking to invest in Cardano for the long term then you might be wondering what sort of return you can expect. However, it should be remembered that even the best Cardano price predictions are largely based on guesswork.
Cardano Prices for 2025 vary, but it wouldn’t be unrealistic to bet on ADA exceeding $2 by that stage.