Cardano [ADA] Price Prediction: Will ADA Ever Reach $10?


Today, the rapidly growing crypto industry has already crossed the entire globe. With the market being very bullish for the future of crypto, there are a few projects that are doing exceptionally well.

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They are constantly evolving their technology and drawing the attention of investors and traders. Cardano (ADA) is one of them. The recent price rally of the altcoin has caught the attention of many strong hands and due to which the price showcased an exceptional bullish momentum.

In this article, we will provide you with complete details on the future Cardano price that may help you to get a brief idea of the price rally in coming five years. 

Overview

Cryptocurrency Cardano
Token ADA
Price $1.52
Market cap $48,404,380,606.26
Circulating Supply 31,930,547,308 ADA
Trading Volume  $3,689,731,087.99
All time high $2.46 May 16, 2021
All time low $0.01735 Oct 01, 2017

What is Cardano (ADA)?

Cardano is the world’s first-ever peer-reviewed decentralized blockchain solution and ADA is the native cryptocurrency that powers that protocol. It was created by ex-Ethereum co-founder Charles Hoskinson. As per a report, 95% of ADA coins are held by Japanese people.

It is considered to be a third-generation blockchain, different from Bitcoin or that of many others. Launched in September 2017, Cardano has quickly established itself in the list of the top cryptocurrencies. 

Cardano uses a programming language that is native to military infrastructure and other high-profile industries, making it extremely valuable and interesting to a variety of sectors. It may also be used to prevent counterfeiting in the future.

The asset has been listed on all major exchanges like Binance, Huobi, Kraken, Kucoin, Bithumb, Okex, etc. Recently, the crypto was listed on one of the most popular exchanges Coinbase Pro which gave the price a good momentum to propel.

Also Read: SafeMoon Price Prediction, How High Will The Price Hit by 2021?

Cardano Price Prediction 2021

The year 2021 proved to be a fruitful year for many cryptos and Cardano is one of them. The asset started an uptrend at the beginning of the year. Later, the altcoin hit an all-time high of $2.0 as the Cardano Foundation published an infographic that suggests its ADA cryptocurrency is ideal for Tesla. When the market crashed, the price plunged substantially to $1.48 from $2.

Currently, Cardano is being buzzed about because of its efficient Proof of stake mining process that limits the carbon footprint. If the network works more towards sustainability, then it might attract environment conscious investors, hiking the price up to $3.194 by the year end. 

However, if the network does not carry out any remarkable development, it might carry over its current investors who stick to the currency due to its increased scalability and user-friendliness. In such cases, the price may move at a decent average figure at $2.561.

On the other hand, if Cardano fails to implement any new project in the coming months, it might lose its demand in the market and the price may slide down to $1.993.

Cardano Price Prediction 2022

If this year closes on reaching the predicted high, Cardano might resume the trade in 2022, bullish. So, the 2022 yearly trade may begin with bullish values between $3.254 and $3.342.

However, if this year ends with the price falling into a bearish trap hitting the lows, Cardano will start trading bearishly, initiating the year 2022. That is, the early 2022, will see an ADA price between $2.288 to $2.531.

If more celebrities address the environmental costs of crypto monsters like Bitcoin, Cardano price will eventually surge and even smash new ATH at $5.13, as ADA will act as a golden alternative and many people will begin investing in this token.

On the flip side, if more problems arise with the usability of the network’s proof of Stake method, many investors may withdraw from ADA community and  the price might dip substantially to $3.97 levels. 

5 Years ADA Price Prediction

In five years from now, if Cardano implements its open voting system, the network might lose a sector of its traders risking the price to plunge near $7.96. However, considering that ADA has improved bug prevention systems, and if it might work efficiently with the same system down the years, the price may sail in average figures near $9.53.

Other way round, if ADA successfully flags some projects and collaboration that can further work to improve its two layer security, the price might rise and strike a maximum of $12.27by the end of next five years.

Cardano Market Prediction

With the market being volatile, predicting the cryptocurrency price is really one of the most difficult tasks. Let us consider the eminent publications and personalities, and their statement regarding the Cardano price prediction, which will give us a fairer idea

1) Smartereum

Smartereum author Adam Web believes that the future of ADA is bright where he claimed that the one-year prediction for the ADA token is around $2.50, with the potential to reach roughly $10 in 5 years’ time.

2) WalletInvestor

According to WalletInvestor’s algorithm based forecast, the Cardano price prediction is revised from Cardano $2.175 to $3.319 in the one year. Their estimates say that investment in ADA has a long term earning potential of +116.21% in one year.

3) TradingBeasts

According to TradingBeasts, Cardano could reach $1.33 at the end of 2021 with a change of -8.8%. And, also  ADA would be trading at $2.769 by the end of 2024.

4) coinswitch

This platform has provided an extremely strong Cardano price forecast of $2 in the future. In 5 years, they expect ADA to reach over $3.

Also Read: Theta Price Prediction, Will THETA Hit $50 By 2021?

Our Cardano Price Prediction

If ADA focuses on building the user base as well as its protocol, it may gain new investors, raising the year end’s figures to $3.114. Also investors with FOMO will start investing in ADA, since it is trending. This can further extend the bulls to rally near $3.57. If any negative perceptions and attitudes strike since ADA is still a developing project, the bears may take over leaving the price to plunge deep to $1.891.

Cardano Forums And Cardano Wallet

Cardano boasts of one of the most vibrant communities of crypto enthusiasts in the space. The Cardano project has attracted much attention from crypto investors who now converge at different platforms to discuss project growth and development, cardano coin, news, upgrades, and recent partnerships and achievements. Some of such groups include the Cardano forum on Reddit.

The Cardano wallet also remains one of the safest ever unveiled in the crypto eco. Specifically, the wallet is built for ease, speed, self custody, and mobility. Some of the most popular include Ledger and Yoroi

ADA Price Historical Price Sentiments

2017

Cardano made an incredibly successful entry into the market. To help get funds for the development of the project, Cardano’s team raised more than $63m during its ICO. Over the first week from launch, ADA experienced significant growth, soaring in value and hitting a market cap of over $600m by October 1, 2017. 

It quickly got listed on multiple top cryptocurrency exchanges. On November 29, 2017, the coin skyrocketed over 142.4 percent, boosting its market cap to $3.5 billion.  

2018

In early January 2018, the value of the cryptocurrency hit an all-time high of $1.162, peaking at a market cap of over $33bn. Woefully, the rally remained short-lived and the price fell into the bear market. The price fumed into ashes and declined drastically below $0.04, marking the end of 2018.

2019

The first half of 2019 was very positive for Cardano (ADA). Initially after reaching $0.05 by 9 January, the price declined before finding support at $0.035 on 6 February. The buyers showed increased interest and pushed ADA to $0.10 on 3 April. 

After a slight pullback to $0.057, Cardano tried five times to break through the resistance at $0.10. On 26 June 2019, ADA managed to reach $0.11, but sellers stepped in and dragged the price down. The rest of the year was bearish for Cardano; it was only in December that ADA found support at the $0.03 price mark.

2020

On a bearish note ADA continued to trade at $0.03 during the dawn of January. With certain variations, the price reached $0.06 in the mid of February. Later, the coin started to decline. Shockingly, the price sank to $0.02 in March as the crypto market crashed due to the Covid-19 outbreak. With a steady recovery, the price moved to $0.15 at the end of July.

Later, the price again fell to $0.07 by the end of September. Further, the price managed to grow and dramatically hit $0.17 at the end of November as Bitcoin continued to grow high. With some variations, ADA ended the year 2020 with a trading price of $0.17.

FAQ

Is Cardano (ADA) a good investment?

Cardano is one of the best-performed cryptocurrencies. It might be a good investment if you are planning for a long-term investment.

Does Cardano have a future?

Cardano is one of the coins with a good potential, which means the future looks promising.

Can Cardano hit $50?

ADA could moonshot to $50Cardano needs four and a half times the market cap to reach the level of ETH. Crypto expert says it is better to hold both ETH and ADA.

Will Cardano ever reach $10?

It might take some time, but it can reach if the developments happen as per the roadmap.



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