Cardano Price Prediction: 2023 Through 2025

All About Cardano: A Crash Course

Before delving into price analyses and projections, we first wanted to touch on what Cardano is, how it works and what the project hopes to achieve.

In short, the Cardano project is a smart contract platform. Its slogan is "Making the world work better for all," and it does so by equipping innovators, visionaries and changemakers with the technologies and tools needed to spark positive global change. Just as Ripple is to XRP and Ethereum is to Ether, Cardano is to ADA, meaning that Cardano is the open-source blockchain platform on which the ADA token runs.

Cardano's 5 Core Tenets

The platform has five core principles, which are paraphrased here.

1. People: Working Together, We Achieve More for the Many

The Cardano project wants to foster a community of thought leaders, scientists and engineers via a proof-of-stake (PoS) blockchain platform. PoS is considered to be more advanced than proof-of-work (PoW), which is the algorithm that Bitcoin uses.

2. Purpose: Helping People Trust One Another and Working Together to Build Global Solutions

Cardano's aim is to help people become a secure, transparent and fair global society that addresses the needs of the many, not the few. It follows a vision of a society that doesn't need intermediaries. In other words, where power isn't held by a few accountable people. Instead, individuals should have full control over their interactions, transactions and data.

3. Technology: Bringing a New Age of Globally-Distributed and Sustainable Innovation

Cardano is built on the innovative proof-of-stake consensus protocol from Ouroboros and was developed with Haskell. The latter is a functional programming language that facilitates Cardano's pursuit of evidence-based development and unparalleled stability.

4. Research: Pioneering Tech Starts with Groundbreaking Research

All of Cardano's research is peer-reviewed, which is unusual but admirable for a blockchain platform. Because the partners behind Cardano wanted to build a platform with a lasting future, they've challenged and verified the stability and durability of each block of the chain. Leading academics led research that explores sociology, philosophy, behaviour and game theory while also considering the plethora of platform details that often go unconsidered.

5. Opportunity: Empowering Businesses by Making the Future of Technology Accessible

Cardano provides developers, individuals and enterprises with cutting-edge models, technologies and methodologies. Blockchain technology can answer a number of financial, societal and technological legacy challenges by taking intermediaries out of essential partnerships and redistributing power.

Cardano powers innovative, globally scalable and highly secure solutions, which are constantly being updated and improved upon via a democratic voting system and evidence-based development methods.

Three Features of Cardano (ADA)

The three main features of ADA are:

• There is no traditional mining. When ADA launched, 45 billion tokens were created in advance, with 35 billion distributed to the creators and during the preliminary ICO. The remaining 10 billion are gradually added into circulation after new blocks are found, and an additional percentage is charged for ownership. This follows a transitional inflation control scheme.
• The Ouroboros algorithm is used for confirmation. It's fully secure and can even be used with bank transactions. However, since the work goes on a modified DPos (delegated confirmation of the share), delegates must confirm the transaction. Since only a small circle of people have control of most ADA coins, it can't be guaranteed that ADA won't be artificially inflated.
• Cardano has accelerated confirmation. Cardano's creators saw that Ethereum and Bitcoin work slowly since the blockchain's chains are growing in length and need additional time for confirmation. With Cardano, users can choose their depth of verification and, thus, increase the speed at the cost of less security.

Who Is Behind Cardano?

There are three main entities behind Cardano.

Cardano Foundation

This is an independent standards organisation that supervises and oversees Cardano's ecosystem advancement. The Foundation is both the owner of Cardano and the legal custodian of its protocol. As such, it strives to grow the platform's international community, drive partnerships and adoptions, shape commercial standards and legislation and hold stakeholders accountable at each level.

Out of those responsibilities, the most crucial one is driving platform adoption and supporting the community. To do so, the Foundation hosts its Governing Council, which is comprised of community managers and a professional executive team. The former group contains many recruits from the actual Cardano community.

The Foundation also has a strong commitment to collaborating with other key blockchain industry players, thus helping advance technology and drive adoption among other compatible platforms. The Foundation focuses on awareness, education, integration and legal frameworks to contribute to the global perception of and conversation around blockchain.

EMURGO

EMURGO is Cardano's enterprise branch. Its duty is to boost Cardano via commercial ventures. EMURGO develops and supports commercial opportunities and facilitates business integration into the blockchain system.

IOHK

This is Cardano's contracted engineering and technology company. IOHK designs, builds and maintains the blockchain platform and uses high standards of assurance and P2P scientific review.

Factors Influencing Cardano's Price

There are several factors that could influence the price of Cardano (ADA). In order to make an accurate ADA Cardano prediction, we must take all of these factors into consideration, as it makes it easier to forecast periods of growth and decline.

Factor 1: Supply and Demand

The largest umbrella factor to consider for ADA (or, really, any type of portfolio digital asset) is the supply/demand relationship. If a cryptocurrency's demand is bigger than its supply, the price goes up. But if supply is larger than demand, the opposite is true.

Factor 2: Cardano Platform's Adoption

Cardano has a dual-layer architecture that was developed to let smart contracts and dApps run on its CCL. Thus, Cardano's success doesn't just hinge upon the demand for ADA - it will also rise or fall depending on the demand for other cryptos that are built on Cardano's distributed ledger. Since the demand for dApps has been booming (and will likely continue to increase), ADA's price will likely be positively impacted in the near future. 

Factor 3: Bitcoin's Price

It's well-documented that BTC's price has a heavy influence on the price of other crypto tokens. Analysts notice that when BTC has very bullish runs, altcoin patterns follow suit. Why? Well, most investors who hold cryptocurrency have Bitcoin in their portfolios. If their confidence is high in BTC, this trickles down to altcoins, thus sparking widespread market spikes.

How Has ADA Performed in the Past?

Cardano's first coin's price action occurred in late 2017, so this altcoin is still in a price discovery phase, i.e., it's still finding its value and fair market price. Towards the beginning of 2018, crypto analysts predicted that ADA would break through the $1 psychological mark and maybe even keep growing.

The first part of the prediction did indeed come true. Cardano had quite a bit of buzz when it first launched, so hype and speculation drove ADA from $0.02 (in October 2017) to $1.33 (in January 2018). However, ADA ultimately failed to increase further.

We must keep in mind that 2018 was the beginning of an industry-wide bear market, and many other projects declined during this time. Even though ADA experienced downward price action, Cardano's development team didn't give up on the project. They continued working on innovations, such as the Shelley update and a new voting system.

Cardano's price has certainly been bumpy: its temporary low was $0.03 in 2018, which it hit again in 2019. In fact, 2019's high was a mere $0.10, so that was quite a stagnant year for the altcoin. After a brief rise in early 2020, it then plummeted to $0.025 during the crypto industry's 'Black Thursday', the crash that impacted all crypto assets.

How Did Cardano Perform in 2020-2022?

As mentioned above, Cardano experienced a drop in March 2020, but it wasn't alone: this happened to all cryptocurrencies across the board. Taking a closer look at ADA's performance in 2020, we can see that it hovered around the $0.10-$0.20 mark without breaking through.

In 2021, Cardano showed incredible performance. After starting the year at $0.18, it surpassed $1 in February and continued the upward movement. The highest point for the 52-week period was at $2.30 on 16 May. However, it quickly dropped to around $1 due to a massive investor sell-off. The value stabilised at around $1.30 by July-August 2021.

The best price was $2.98 on 2 September. ADA has been trending downward ever since. ADA reached $1.62 on 18 January 2022, up from $1.37 when 2022 began. A downward trend that started after that took the currency to $0.76 in February of 2022, its lowest point ever, as a result. Cardano fell to about $0.80 after making a brief ascent to about $1.21. The trading price is still less than $1 at the time of the update (late April).

Short-Term ADA Coin Price Prediction for 2023

Currently, Cardano is ranked seventh on CoinGecko. The following explanation of the Cardano price prediction 2023 includes a daily time span.

Increasing channel pattern, also known as the ascending channel pattern. The upper and lower trend lines that join the higher highs and higher lows, respectively, seem to proceed along an increasing slope. This pattern typically indicates a bullish trend.

Cardano's (ADA) price is currently falling – now, it’s around $0.376337. ADA's price could be $0.372172 if the pattern holds at the end of the month. The price of ADA could rise to $0.394868 if the trend changes.

Here is a realistic price prediction for Cardano in 2023 by Long Forecast:

Cardano Forecast 2024

Now that we've seen what experts have in mind for ADA in 2023, let's take a look at predictions for 2024-2025. Since this is further out, predictions are not as clear-cut, and this is where experts start to differ in opinion. Some analysts foresee wild growth that builds off of 2023's projected increases, while others anticipate a slow decline.Let's look at another realistic Cardano ADA price prediction that doesn't fall to any extreme.

The table below details possible Cardano price movements for 2024 as provided by Digital Coin Price.

ADA Cardano Price Prediction 2025

Fast forward to 2025, and here is what the same source envisions for Cardano.

Cardano Long-Term Price Prediction for 2030-2040 and up to 2050

Looking that far into the future is necessary to estimate the price in 2030. Ten years may equally be one thousand years in the realm of cryptocurrencies. Now, we're going to make a fairly bold prediction: Cardano will either be completely irrelevant and only worth pennies in 2030, or it will rule the dApp platform industry. Under the second scenario, it is certainly conceivable that the price of ADA may reach $10 or higher.

Here is what Coin Price Forecast has to say about that.

Cardano Price Prediction 2040

Given that the prices of cryptocurrencies fluctuate minute by minute, making a long-term price forecast is difficult. Many investors, though, have purchased Cardano (ADA) for their retirement. The ADA Coin values might reach a new ATH level this year, according to Telegaon’s long-term Cardano crypto price prediction. According to the projected rise, the average price in 2040 may be $61.05. Cardano will cost a maximum of $72.34 in 2040, according to Telegaon’s forecast. If the market turns positive, Cardano may increase more than Telegaon’s 2040 ADA price prediction. In contrast, if the market becomes negative, the minimum price level for Cardano might be around $50.18.

Cardano Price Prediction 2050

According to Telegaon’s experts forecast, the average price of Cardano Coin in 2050 may be $158.41. Although a Cardano can cost as little as $149.12, it can cost much more. Many cryptocurrencies can reach their new all-time highs this year, joining Cardano after such a long journey. Cardano's highest price is predicted to be about $165.87 in 2050. The price of ADA in 2050 may be far higher than Telegaon’s projection for Cardano if additional investors are drawn to the project between these two years.

Technical Analysis of ADA's Price

When creating a fundamental analysis, there are a few factors to keep in mind: 

1. Trends. The three kinds of trends are uptrends (moving upwards), downtrends (moving downwards) and sideways (moving in a horizontal channel). If ADA is in an uptrend, or 'bullish', it's experiencing higher highs and lows. If it's in a downtrend or 'bearish', it's experiencing lower highs and lower lows.
2. Resistance vs support. Price movements bounce up and down rather than moving in a linear fashion. During an uptrend, ADA's price experiences resistance, which is where pauses or rebound occurs. Similarly, when ADA is in a downtrend, it will experience support from a concentration of buyers. 
3. Analysis tools. There are a huge number of analysis tools you can use to investigate the price of ADA. The most commonly used ones include MACD, Bollinger Bands, Simple Moving Average and OHLC charts. You can use these tools on Libertex, where you can also check out blog posts explaining how to use each tool.

ADA Price Predictions From Experts

Before we wrap up, we wanted to present you with the Cardano coin price prediction from experts.

• Cryptocurrency analyst Jason Pizzino says that during this year, he's looking for Cardano to rise 100% to 300% higher than its current levels.
• PricePredictionNet expects Cardano to reach $3.56 in 2025 and be at an incredible level of $21.35 by 2030.
• DigitalCoin Price has a more modest forecast for ADA. According to their analysis, Cardano could make it to $1.62 in 2025 and go over $3.87 in 2030.
• CoinPriceForecast forecasts that Cardano will finish 2025 higher than $1.76 and might rise to over $2.74 by 2030.

What to Do With Cardano: Trade or Invest?

As you can see, even crypto experts aren't in agreement about ADA's long-term performance. Even though hodling ADA could bring significant profits, it could also end badly. The same situation is with CFD – you can earn on it and lose everything in seconds at the same time. If you're looking for a safe opportunity, it's recommended to try it out with a Libertex demo account.

When you sign up for a demo account, you'll be able to practise your ADA trading strategies with €50,000. Try out the platform that has won numerous awards and has a user base of over 700,000 people!