Cardano Price Prediction Forecast — How Much Will ADA Be Worth In 2021 And Beyond?

Discover what top analysts believe will happen to the price of Cardano in 2021-2030

Last Updated September 22nd 2021
16 Min Read

Will Cardano go up or crash? Read our Cardano ADA Price Prediction 2021 – 2025

Emboldened by Cardano’s recent growth? Or have you been struggling to answer the question ‘is Cardano a good investment? Whether you’re an ADA enthusiast or a prospective investor, you’re in the right place. Keep reading to discover what top analysts believe will happen to the price of Cardano in 2021-2025.

We’re taking a look at Cardano ADA to find out what the experts have to say about its future performance and how much will it be worth in 2021 and beyond. 

Cardano has never been a stranger to growth. After its launch by Charles Hoskinson in 2017, the asset took just three years to become the world’s 10th largest cryptocurrency by market cap. 

Back in November 2020, it boasted a market cap of $3,335,479,936 and a price of $0.107182, making it one of the most accessible cryptos on the market. 

Today, the price of Cardano is $2.18. It might not compete with the lofty heights of Bitcoin, which is currently brushing $50,000 — but this price still represents a staggering growth rate. In fact, this growth has helped ADA secure new-found status as the 3rd largest crypto by market cap (now valued at $60.91 billion). 

Having overtaken competitors such as Litecoin and Ripple XRP, Cardano is currently one of the biggest talking points in the world of crypto. But how much will Cardano be worth in 2021? Is Cardano a good investment? And ultimately, should you add Cardano to your portfolio? 

In this updated article, we’ll find those answers. We’ve compiled some of the most compelling ADA price predictions for 2021-2025, so you can decide whether this asset is on its way up or fading fast. 

We’ll be taking another look at what the top analysts believe is in store for the price of ADA in 2021-2025. If you’re wondering ‘is Cardano a good investment?’ Read on to find out more. 

Cardano was launched in 2017 by Charles Hoskinson, one of the co-founders of Ethereum, and is a third-generation cryptocurrency. This has allowed it to improve where older competitors have struggled and produce a stronger asset as a result. But will this be enough to secure a bright future?

If you want to buy Cardano ADA quickly and easily, with 0% commission,  check out eToro Exchange!

What Is Cardano? 

Cardano is a proof-of-stake (PoS) blockchain platform. In a POS system, users can add new transactions to the blockchain by ‘staking’ their cryptocurrency as collateral in order to validate transitions. This is much less energy-intensive than a platform that uses a proof-of-work algorithm, which means that miners have to solve complex mathematical equations using their computer hardware before they can add to the blockchain. 

Just as Ethereum is to Ether and Ripple is to XRP, Cardano is to ADA. In short, this means that Cardano is the name of the platform on which the native cryptocurrency ADA runs. Cardano is an open-source blockchain platform that has been built with two distinct layers. The first is called the Cardano Settlement Layer (CSL), sometimes simply known as the cryptocurrency layer, and this is where users can carry out crypto transactions. 

The second layer is the Cardano Computation Layer (CCL). This layer enables developers to run apps such as decentralized apps (dApps) and smart contracts. Smart contracts are automatic contracts that encode the specific terms of the agreement, such as the price you’re paying and the party to whom you’re paying the amount. Much like the process of Bitcoin mining, this makes the payment system incredibly transparent and also means that people don’t have to go through third-party organizations such as banks.

Cardano’s unique architecture is one of the features that sets it apart from first and second-generation cryptocurrencies. The two different layers will make it much easier for potential hard forks to occur in the future and generally improves its long-term scalability. 

Wondering what happened to Cardano in the recent bull run? You’re in the right place. In this article, we’ll explore what top analysts now expect for Cardano ADA price in 2021-2025 and how the predictions for the price of Cardano have changed. 

If you want to find out ‘is Cardano a good investment’, read on. In this article, we’ll be exploring some of the top Cardano price predictions to find out whether or not the altcoin will gain value in the next five years. Whether you’re a current investor who wants to decide whether to hold or sell your ADA, or someone who’s considering adding the asset to your portfolio, we’ve compiled everything you need to know here. 

Short-Term Cardano Price Prediction

Cardano price forecast for 2021

What are crypto experts forecasting for ADA in 2021?

Having recapped what exactly Cardano is, let’s take a look at what we could expect to happen to its price throughout 2021. Although it’s normal to see a degree of variation between cryptocurrency predictions, the ADA forecasts which we’ve compiled here are overwhelmingly in agreement that the price of ADA will increase — though to hugely different extents.

Before we jump into the short-term Cardano price predictions for 2021, let’s revisit what Ryan Selkis — the CEO of the cryptocurrency tracking site Messari — had to say about ADA last year.

On Twitter, Selkis claimed that 2021 would see Cardano jump from 10th to 5th spot by market cap. It may have seemed staggeringly optimistic at the time, but his sceptics have since had to eat their words! Not only did the prediction come true, but it came true within the first couple of months of 2021. So, what could happen to the price of ADA next? 

According to the Italian cryptocurrency analysis platform Previsioni Bitcoin, the future is even more staggering. This network has given a sky-high prediction for Cardano, as we can see from the graph below:

ADA short term prediction chart

By next month, Previsioni Bitcoin believes that Cardano could be worth a whopping $12.27. That’s more than four times higher than its previous ATH of around $2.85, which it hit in August. Its calculations suggest that ADA will continue to climb throughout 2021, eventually hitting its yearly high (and new ATH) of $14.22 by December. 

If this forecast turns out to be true, it would signal an incredible rate of growth. We’re just a week away from September, so the first half of the prediction may be far too optimistic — to achieve a price of over $12, ADA would need to gain slightly less than $10 in under a month, which has (so far) been completely unheard of. Then again, Ryan Selkis was met with disbelief when he made his prediction about Cardano, and his claim has since proved accurate. Could Cardano continue to surprise us?

Unsurprisingly, DigitalCoin has made a less sensational prediction. Although the overall trend of its graph looks decidedly underwhelming, with a series of peaks and troughs that ultimately lead downwards, the numbers could tell a slightly different story.

ADA price prediction chart for 2021

As we can see from the start of the graph, DigitalCoin’s predictions are already slightly out of date. The platform expected Cardano to perform a lot better at the beginning of 2021 — better than it is even doing right now. However, its prediction for August, $3.95, is remarkably close to ADA’s current price of $3.01.

This could be an indication that DigitalCoin’s trajectory is more correct towards the end of the year. By this logic, we could expect DigitalCoin’s prediction for ADA in September to be more or less correct.

Our final short-term Cardano price prediction comes from WalletInvestor. Its forecast is slightly less bullish — but it’s still incredibly encouraging for existing and prospective ADA investors alike. 

WalletInvestor believes that Cardano will reach $2.982 in December 2021 at the highest, but with Cardano’s current price, this could be incredibly low (if there isn’t a price correction along the way).

The investment analysis platform has given an incredibly optimistic forecast for the price of ADA in 2021 – potentially good news for anyone wondering ‘will the price of Cardano go up in 2021?’ 

Is Cardano a Good Investment 2021?

According to the predictions, the value of Cardano is likely to increase over the course of 2021.

Long-term forecasts suggest that there is some agreement that Cardano’s future looks good. This means that Cardano could be a good investment for 2021 and beyond, but it ultimately depends on your trading style and whether you prefer to hold short or long-term positions.

Put simply, Cardano is low-risk investment with lots of potential rewards. It’s something you should definitely do some research before you consider adding ADA to your portfolio.

What Will Happen to the Price of Cardano (ADA) in 2021?

According to predictions, the price of Cardano could reach anything between $3.20 and $7.90 in 2021!

This is a huge variation, so it’s understandable if you’re still not sure how to answer the question ‘is Cardano a good investment?’ 

Will the Price of Cardano (ADA) Go Up in 2021?

The good news is that all of the predictions, despite their huge variety, believe that the price of Cardano will ultimately go up in 2021.

Additional Cardano price predictions for 2021 include:

  • The Economy Forecast Agency: $6.08
  • Trading Beasts: $3.95952
  • Coinpedia: $3.294

According to Previsioni Bitcoin, Cardano will go up and reach a price of $14.22 in 2021.

Cardano predictions for 2021 are incredibly varied. If you favour a long-term investing strategy, let’s take a look at the Cardano price predictions for 2022-2025.

We’ve taken our final short-term ADA price prediction from Trading Beasts.

Based on these predictions, we could expect to see the price of ADA range between $1.86173 and $2.73784 by the end of December 2021. Considering the asset’s current price is $2.80, this isn’t the most encouraging prediction — especially if we focus on the minimum price forecast.

Ready to invest in Cardano ADA?

Long-Term Cardano Price Predictions: 2022-2030

What are crypto experts forecasting for Cardano ADA in 2022 and beyond?

Many traders and investors are keen to know what the next 5 years could have in store for the price of Cardano ADA. If you’re looking for a Cardano price prediction for 2025, or even wondering ‘should I invest in Cardano?’ Keep reading.

Now that we’ve seen what the rest of the year could have in store for the price of ADA, let’s look ahead to some of the long-term price predictions for Cardano.

Considering how quickly the price of ADA has moved over the years, could we see some extreme price changes in the run-up to 2025? Will Cardano go up? Is ADA a good long term investment? And how much will Cardano be worth in 2025? We’ve searched for some of the most compelling long-term predictions to try and bring you the answers to these questions. 

Economy Forecast Agency platform predicts that the Cardano price would close 2021 at a value of $3.83, $7.70 in 2022, $8.93 in 2023, and crossing the $15 mark price by the end of 2025.

For 2022 and 2023, The Economy Forecast Agency has predicted the following yearly lows and highs for the price of Cardano:

  • 2022: yearly low = $3.78, yearly high = $7.70
  • 2023: yearly low = $3.65, yearly high = $8.93

This is great news and will please many Cardano investors but is still a far cry from the highs predicted by Previsioni Bitcoin for 2021. The Economy Forecast believes that Cardano’s ascent will be calm and steady, with the highest prices reached at the end of 2022 and the beginning of 2023. At the end of 2023 we can see the prices of Cardano are expected to reach lows similar to the highs of early 2022, and in 2024 and 2025, we could see a return to levels not seen since 2021. If accurate, hopefully, they are part of a bearish adjustment that could pave the way for a new bull run in the future.

For 2024 and the start of 2025, it’s shared these predictions:

Monthly Cardano Price Predictions 2024

Month Open Low-High Close Mo,% Total,%
Jan 2024 $4.50 $4.50-$5.59 $5.22 16.0% 296%
Feb 2024 $5.22 $5.22-$6.32 $5.91 13.2% 348%
Mar 2024 $5.91 $5.21-$5.99 $5.60 -5.2% 324%
Apr 2024 $5.60 $5.41-$6.23 $5.82 3.9% 341%
May 2024 $5.82 $4.55-$5.82 $4.89 -16.0% 271%
Jun 2024 $4.89 $3.82-$4.89 $4.11 -16.0% 211%
Jul 2024 $4.11 $3.21-$4.11 $3.45 -16.1% 161%
Aug 2024 $3.45 $2.70-$3.45 $2.90 15.9% 120%
Sep 2024 $2.90 $2.76-$3.18 $2.97 2.4% 125%
Oct 2024 $2.97 $2.32-$2.97 $2.49 -16.2% 88.6%
Nov 2024 $2.49 $1.94-$2.49 $2.09 -16.1% 58.3%
Dec 2024 $2.09 $2.09-$2.59 $2.42 15.8% 83.3%

 

Monthly Cardano Price Predictions 2025

Month Open Low-High Close Mo,% Total,%
Jan 2025 $2.42 $1.89-$2.42 $2.03 -16.1% -53.8%
Feb 2025 $2.03 $1.59-$2.03 $1.71 -15.8% 29.5%
Mar 2025 $1.71 $1.34-$1.71 $1.44 -15.8% 9.1%
Apr 2025 $1.44 $1.44-$1.79 $1.67 16.0% 26.5%
May 2025 $1.67 $1.67-$2.08 $1.94 16.2% 47.0%
Jun 2025 $1.94 $1.94-$2.41 $2.25 16.0% 70.5%
Jul 2025 $2.25 $2.25-$2.69 $2.51 11.6% 90.2%
Aug 2025 $2.51 $2.51-$3.11 $2.91 15.9% 121%
Sep 2025 $2.91 $2.91-$3.62 $3.38 16.2% 156%

 

Cardano’s potential slump in price towards the end of 2024 and 2025 is far from encouraging. We’re a long way from the highs of $14.22 predicted by Previsioni Bitcoin for 2021, and the bearish trend might seem surprising to investors considering Cardano’s bullish track record. So, how do the other long-term predictions compare?

The good news is that The Economy Forecast Agency appears to be alone with its doom-laden forecast! Trading Beasts is more optimistic about the future of ADA, as we can see from its Cardano predictions for 2024:

Monthly Cardano Price forecasts for 2024

Month Minimum Price Maximum Price Average Price Change
January 2024 $2.40590 $3.53809 $2.83047 10.57%
February 2024 $2.43050 $3.57426 $2.85941 11.70%
March 2024 $2.45359 $3.60822 $2.88658 12.76%
April 2024 $2.47836 $3.64465 $2.91572 13.90%
May 2024 $2.50240 $3.68001 $2.94401 15.00%
June 2024 $2.52731 $3.71664 $2.97331 16.14%
July 2024 $2.55147 $3.75217 $3.00173 17.26%
August 2024 $2.57649 $3.78895 $3.03116 18.40%
September 2024 $2.60154 $3.82579 $3.06063 19.56%
October 2024 $2.62581 $3.86149 $3.08919 20.67%
November 2024 $2.65091 $3.89840 $3.11872 21.83%
December 2024 $2.67522 $3.93415 $3.14732 22.94%

 

Again, these might seem conservative after the staggeringly high predictions from Previsioni Bitcoin. But if you’re wary of those $12 and $14 price targets (and rightly so), the slow but steady predictions from Trading Beasts should seem a welcome alternative. It’s suggested that we could see a yearly high of $3.93 in 2024, showing a positive trend in the run-up to 2025. 

There is no negative percentage change at any point during the year, with ADA displaying strong month-on-month growth between January and December. Its yearly high is an encouraging target, especially when contrasted with the more volatile predictions from The Economy Forecast Agency.

Only time will tell us which predictions are accurate. 

Prime XBT doesn’t think these prices are accurate at all. It gave a far more bullish prediction for 2022-2025, claiming that Cardano could enter a bearish market in 2022/3, but when it starts to recover, it could be on track to hit $10 and even higher.

Prime XBT has a classic five wave impulse pattern that could indicate the price of Cardano is in for a new ATH. This pattern partially relies on the assumption that the asset could reach a value of $10 in 2021 – a price that, currently, seems highly achievable!

The prediction certainly gives Cardano something to aim for! Surpassing $3.8 in 2021, $5.76 in 2022, $7.5 in 2023, $8.5 in 2024, and even $10 by 2025. 

So, how do the other Cardano predictions compare to this? According to Cryptoground.com the price of Cardano (ADA) will hit $3.16 in 2022 and continue to grow from there. Based on its prediction, ADA could hit $4.59 in 2025.

This should be welcome news to anyone who’s wondering ‘will Cardano reach $3?’ — after all, with this level of growth over the next five years, ADA could feasibly hit $3 before 2025. 

While the platform thinks that the Cardano price will be valued at $3.44 in 2021, it will rise to $5.16 by 2022, $7.59 by 2023, $8.045 by 2024, and an impressive $14.59 by 2025.

Crypto Rating also believes the future is bright for Cardano, though its predictions are much higher than those from Trading Beasts. According to data from its in-house price prediction algorithm, Crypto Rating believes that the price of ADA could increase by 785% over the next three years.

If you’re wondering ‘what will Cardano be worth in 2021- 2025?

In fact, the platform thinks the Cardano price will be valued at $3.82 in 2021, rising to $4.16 by the end of 2022, $6.59 by the end of 2023, $10.07 by the end of 2024, and an impressive $15.54 by the end of 2025. 

This would be excellent news for any investors wondering ‘is Cardano a good investment?’. 

Now that we’ve seen what the experts believe could happen to the price of Cardano in 2021-2025. The long-term outlook for any investment opportunity is an important factor to consider, especially if you’re looking to hold positions for several years instead of profiting from short-term volatility.

Coinskid projects that Cardano could perform very well. According to its predictions, the price of Cardano can rise to $4.37 by the end of 2021, rising to a maximum of $4.86 in 2022, and achieving an average high of $8.64 by 2025.

In regards to ADA’s price for the next five years, their data suggests that within one year, Cardano will grow by 35% and reach $3.78. And in 2025 we could see the continuous growth of Cardano’s value and where $5-$6 could become the new low.

As a long-term investment, it projects that Cardano could perform very well. According to its predictions, the value of the Cardano token could rise to $3.82 by the very end of 2021, rising to $4.42 in 2022, and achieving a mean price of $19.70 by 2025.

What Will Happen to the Price of Cardano (ADA) in 2025?

Trading Beasts and The Economy Forecast Agency both believe that the price of ADA will increase over the next few years, though The Economy Forecast Agency believes a price decrease could emerge in 2023 and 2024.

According to their predictions, by 2025, we could be seeing prices ranging anywhere from $1.34 to $3.93!

Will the Price of Cardano (ADA) Go Up in 2025?

According to predictions, the price of Cardano ADA could go up in 2025, potentially hitting highs of $9.97 if forecast is correct.

The Economy Forecast Agency believes that the price of ADA will decline between 2022 and 2023, eventually reaching lows of $1.34 by March 2025 at the lowest.

Long Forecast believes that the price of ADA will fall between 2022 and 2024, eventually rousing itself to hit $6.60 again in April 2025.

Additional long-term price predictions for Cardano in 2022-2025 include:

Cardano Price Prediction 2022: 

  • DigitalCoin: $5.69
  • WalletInvestor: $5.781
  • Cryptoground: $3.16

Cardano Price Prediction 2023: 

  • DigitalCoin: $7.00
  • WalletInvestor: $8.152
  • Previsioni Bitcoin: $14.73
  • Coinswitch: $2

Cardano Price Prediction 2024: 

  • DigitalCoin: $8.25
  • WalletInvestor: $10.682
  • Cryptoground: $4.05

Cardano Price Prediction 2025: 

  • Coinpedia: $10
  • Cryptoground: $4.59
  • Coin Price Forecast: $39.80

Conclusion: Cardano (ADA) Price Prediction Forecast

The below prediction figures outline some of the Potential high and low of Cardona (ADA) price prediction forecasts in 2021, 2022, 2023, and 2025 offered by technical analysts and industry experts.

Year High Low
2021 $4.85 $1.52
2022 $6.52 $2.60
2023 $9.82 $3.90
2024 $16.54 $6.10
2025 $22.75 $7.50

 

Would you consider buying ADA?

Trading Education Cardano Price Predictions:

So, based on everything we’ve seen so far, what do we think are the most realistic price predictions for Cardano for the next few years?

Well, we’ve considered everything — the bullish, the bearish, the cautious, and the predictions that are just out of this world to figure out what is most likely to happen to Cardano from now till the end of the decade.

Cardano (ADA) price prediction for 2021

Cardano price is expected to trade with bullish momentum and head towards $3.3 towards the end of 2021. As per the Cardano price prediction 2021, the price of Cardano (ADA) might trade above $3 by the end of year. The predicted high for 2021 might be around $3.7, and on the downside, the low might be around $2.52.

Price predictions for Cardano expect ADA to climb significantly towards the end of 2021. Experts are confident ADA will pass above $3. At the most extreme end, we could see Cardano temporarily reach $6. If the price of ADA crashes, it may go under $2.

Cardano (ADA) price prediction for 2022

In 2022 Cardano could potentially retest its all-time high and break new level of $4.2 and then progress above it towards $5.

For 2022 Cardano forecast, the ADA price is predicted to cross $4 by the end of 2022. The predicted high for 2022 might be around $4.15 and on the downside, the low might be around $3.25. 

By 2022, price predictions for Cardano suggest it will likely continue to flourish upwards to $5 and reach an all-time high above $7 level. $3.80 could become a new level of resistance, with lows around $3.20 at the worst.

Cardano (ADA) price prediction for 2023

As per experts the price prediction of Cardano (ADA) might continue the gradual upward trend. And as per our data, by the end of 2023, it would be able to cross the $5 mark. The predicted high for 2023 might be more than $5.2, and on the downside, the low might be around $3.4.

Cardano (ADA) price prediction for 2024

As per the Cardano price prediction for 2024, the price might reach $6.5 by the very end of 2024. As per our predicition and price forecast, the predicted high for 2024 might be around $6.8, and on the downside, the low might be around $4.72.

By 2024, the best price predictions suggest that Cardano could have lows around $4 and highs above $10. If a crash did occur in 2023, again prices could be stagnating around $2.60.

Cardano (ADA) price prediction for 2025

As per our Cardano price prediction 2025, the coin might be able to touch the $7 price mark on the upside, while on the downside, it might fall up to $4.5. As per our ADA price prediction and forecast update, the currency price might trade around $7.2 by the end of 2025.

The top predictions for 2025 point towards Cardano solidifying its position at $10. At the most extreme end, ADA could reach $40 or squander it all at $3.70 if there is another bear market.

Cardano (ADA) price prediction for 2027

The top price predictions for Cardano in 2027 foresee ADA dominating above $8 for most of the year. If the coin does well, experts seem to suggest that a push to $9 could be possible.

Cardano (ADA) price prediction for 2030

As per our Cardano price prediction 2030, the coin might be able to touch the $10 price mark on the upside, while on the downside, it might fall up to $6.5. As per our ADA price prediction and forecast update, the currency price might trade around $9.9 by the end of 2030.

How Much Will Cardano be Worth in Five Years?

According to the Cardano price prediction offered by WalletInvestor.com, Cardano is set to rise to $3.22 by the end of 2021, $4.5 in 2022, to soar all the way to $6.65 by December 2025.

Based on ADA projections from CoinLiker, the Cardano coin price is expected to rise significantly in the coming years, trading at $3 in 2021, $5 in 2023 and $6.74 in December 2025.

Longforecast predicts one Cardano could be worth $6.59 by the end of 2025.

Cardano Price Predictions 2025-2030

As per experts the price prediction of Cardano (ADA) might continue the gradual upward trend. And as per data, by the end of 2025, it would be able to cross the $10 mark. The predicted for 2030 might be more than $20 per coin.

The price of Cardano is expected to rise from $9 at the beginning of 2025 to $19.98 at the end of 2030.

Year Mid-Year Year-End
2025 $9.82 $10.23
2026 $12.63 $12.23
2027 $13.56 $13.19
2028 $15.26 $15.96
2029 $16.67 $17.98
2030 $18.35 $19.98

 

How has the Price of Cardano (ADA) Changed Over Time? 

When ADA went live on cryptocurrency exchanges in 2017, it was just in time to cash in on the huge growth that took the crypto market by storm in late 2017 and early 2018. Between 20th November 2017 and 1st January 2018, the price of ADA skyrocketed from $0.029892 to $0.970563. 

Considering the asset hadn’t been live for long, its subsequent decline (alongside the rest of the crypto market) must have been a disappointment to investors. ADA had tumbled back down to $0.351552 by 5th February 2018 and this bearish trend continued throughout the year, with the exception of a sharp spike in May. By the end of the year, the price had even been knocked back one decimal place, and investors said goodbye to 2018 with an ADA price of just $0.029341 at its lowest. 

Although the price recovered slightly in 2019, Cardano experienced another crash back in March 2020. Again, this volatility was industry-wide. As the world went into lockdown in an attempt to control the rapidly-spreading coronavirus, a lack of investor confidence caused the market to crash (in what has now been named the coronavirus crash). 

From the 10th February to the 16th March 2020, the price of ADA fell from $0.065333 to $0.027386. This was the asset’s lowest value since December 2018. However, the good news is that the market quickly recovered, and Cardano was one of the cryptos that didn’t just return to its pre-COVID price but exceeded it. In July, ADA hit $0.1 again and remained relatively strong in the months that led up to the market-wide bull run. 

We can see how the bull run affected the price of Cardano in this price chart from Digital Coin Price:

Have you considered investing in Cardano ADA?

What Factors Affect The Price Of Cardano?

The price of Cardano ADA can change according to a variety of different factors. In order to make the most accurate Cardano price predictions 2021-2025 and to answer the question ‘is Cardano a good investment?’, it’s best to be aware of these factors from the start. This will make it easier to predict periods of growth or decline based on current cryptocurrency trends and other world events that can affect the price of ADA. 

1. Supply And Demand 

The relationship between supply and demand is perhaps the biggest umbrella factor to consider when choosing assets for your portfolio. When the demand for a cryptocurrency is greater than the supply (for example, when lots of investors are looking to buy but not many are selling), it drives up the price. When the supply is greater than the demand (when lots of investors are trying to sell their assets but nobody wants to buy), it will have the opposite effect. 

According to research by Adastat, the recent bull run has sparked renewed interest in Cardano. The graph below shows the number of ADA wallets in existence – and as we can see, the number of new investors has skyrocketed throughout January 2021.

On January 4th, for example, a staggering average of 121 new wallets were created every hour! That’s a whopping 98% increased from January 1st, when just 63 new wallets were created every hour.

The following day on January 5th, there were an incredible 4,000 newly registered ADA wallets – and this growing interest is clearly sustaining Cardano’s steady market takeover. 

If we return to the 3-month price graph above, we can clearly see the impact that this had on the price of ADA! 

2. Use Of The Cardano Platform

As we mentioned earlier in the article, Cardano’s dual-layer architecture has been built to allow dApps and smart contracts to run on its CCL. This means that the success of Cardano isn’t just dependent on the demand for ADA — it will also be affected by the demand for the other cryptos built on its distributed ledger. With the demand for dApps increasing, this could have a positive impact on the price of ADA in the near future. 

3. The Price Of Bitcoin

It might seem counterintuitive that the price of Bitcoin would have a correlative effect on the price of other cryptocurrencies, but it’s true. Many analysts have noticed that when Bitcoin undergoes particularly bullish runs, this pattern is mirrored by many altcoins. This is because the majority of investors who hold any cryptocurrency at all are very likely to hold Bitcoin. If investor confidence is high for BTC, this confidence often filters down to altcoins, resulting in widespread spikes in the market. 

 

Cardano Price Prediction - The Verdict

If you’ve been looking for a reliable Cardano price prediction for 2021, 2022, 2025 and beyond, we hope that this article has given you a clearer idea of ADA’s future. Although the predictions are very varied, it’s encouraging to see that the majority of crypto platforms foresee a bullish trend, particularly going into 2022-2025. Using technical analysis, a handful of different analysts have concluded that Cardano could potentially exceed its previous ATH before the end of 2025.

If you’re wondering ‘will Cardano reach $10’, Prime XBT and Previsioni Bitcoin believe that there is a chance it could happen in 2021. However, Coinpedia and several other price forecasters believe ADA could reach $10 in 2025 or later. 

However, cryptocurrencies can be notoriously difficult to predict. If you’re considering adding ADA to your portfolio, it’s always important to conduct your due diligence and have a good risk management strategy in place. The outlook may be good for now, but as we saw back in March, the market can easily change overnight. 

If you believe that ADA is a good investment for your portfolio and want to start trading ADA, eToro provides the ability to trade with Crypto assets, including Cardano, and CFDs on up to 90+ cryptocurrencies.

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Buying Cardano just keeps getting easier with platforms like eToro. You can sign up and start trading in just a few clicks. Follow these steps to get started with them.

Step 1. Jump over to eToro’s website and click Join Now and fill out the registration form. (Make sure you have some proof of ID and proof of address at hand — you will need to upload this to prove who you are.) 

Step 2. Make your deposit. The minimum first deposit is $200 in most countries, though, in several countries, including the USA, it’s $50. Elsewhere, first-time minimum deposits can be significantly higher, so make sure you check first!

Step 3. Now it’s time to buy Cardano! Go to ‘Trade Markets’ → ‘Crypto’ → ‘ADA Cardano’ and choose your terms.

Key Points

  • On 5th January 2021, 4,000 new ADA wallets were created.
  • Cardano is a third-generation cryptocurrency that has been built with two distinct layers: the Cardano Settlement Layer and the Cardano Computation Layer
  • For 2022-2025, DigitalCoin has predicted a volatile but overall bullish run.
  • Cryptoground believes these predictions are too pessimistic and foresees the price of ADA hitting $4.59 by 2025
  • Making Cardano (ADA) price predictions can be incredibly difficult, due to the unpredictability of the market.
  • Since November 2020, Cardano has gone from being the world’s 10th largest cryptocurrency by market cap to the third-largest, displacing competitors such as Ripple XRP and Litecoin in the process. 
  • The predictions of Messari CEO, Ryan Selkis, have come true (despite seeming outlandish at the time they were made).
  • Previsioni Bitcoin’s calculations suggest that ADA will continue to climb throughout the 2021, eventually hitting its yearly high (and new ATH) of $14.22 by December!
  • WalletInvestor believes that ADA will hit a yearly high of $2.982 in December 2021.
  • The Economy Forecast Agency believes the future is bleak for Cardano in 2023-2024, with Cardano falling to $1.34 by March 2025.
  • Prime XBT believes that it could be possible for Cardano to hit $10 in 2021.
  • Trading Beasts, on the other hand, thinks Cardano will be worth around $3.93 in 2024.
  • Factors that can affect the price of Cardano include the relationship between supply and demand, the use of the Cardano platform, and the price of Bitcoin.

Cardano Price Prediction — FAQs

What will Cardano be worth in 5 years’ time?

In general, price estimates for Cardano in 5 years’ time range from $5 to $10. 

Can Cardano reach $3?

Based on its recent performance, it does seem reasonable that Cardano could reach $3 in the near future.

Can Cardano reach $10? 

The answer to the question ‘can Cardano reach $10’ is potentially — but we are incredibly unlikely to see this within the next two years. If ADA hits $10 in 2025, it would need to more than 4 folds in value in order to reach double figures. 

Is Cardano better than Ethereum?

As a third-generation cryptocurrency, the founders of Cardano have been able to learn from some of the mistakes of older cryptos, including Ethereum. Thanks to its dual-layer architecture, many analysts believe that Cardano is ‘better’ than Ethereum in that it’s more scalable. It also already uses a proof-of-stake algorithm, whereas Ethereum is only just making the switch as part of its long-awaited Ethereum 2.0 update. 

Don't miss: Ethereum vs Cardano: Which Crypto Should You Buy

What was Cardano’s all-time high?

Cardano’s all-time high was $2.46, which it achieved back in August 2021. According to various predictions, we could see ADA revisit and surpass this milestone within the next five years. 

What is the price prediction for Cardano in 2021?

By the end of 2021, ADA will hit the price target of $3.58.

What will ADA be worth in 5 years?

By 2025, Cardano will see massive gains that will take the price as high as $10.

What will be the price of ADA in 2030?

In 10 years, ADA will be priced at $60.   

Further Reading:

Top 15 Best Cryptocurrencies To Buy This Month

15 Reasons to Invest in Cryptocurrencies

Most Popular Cryptocurrencies In The UK

Top Cryptocurrencies To Invest In Australia In 2021

How To Trade Cryptocurrency with $100

Most Important Cryptocurrencies Other Than Bitcoin

Most Popular Cryptocurrencies In The USA

Disclaimer: Cardano and other cryptos are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.

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