What Is Cardano?
Cardano is a blockchain network and open source codebase project that runs a public blockchain to perform various operations in a decentralized manner. Cardano is major competitor to Ethereum, which is currently suffering from scalability issues and high gas fees. We will see about Cardano price prediction in detail in this article and see how bullish is ADA coin in the next 10 years.
Cardano is going to add smart contracts soon through its Goguen update. Cardano’s crypto currency within the public blockchain is ADA coin. Cardano Foundation supervises and oversees the Cardano blockchain development. The foundation has its headquarters in Zug in Switzerland.
Who Created Cardano?
Cardano is a blockchain project founded by Charles Hoskinson, co-founder of Ethereum. It was founded in 2017.
Cardano (ADA) Historical Price Analysis
ADA began trading in crypto markets publicly close to the end of 2017. That means 2018 was the first year where ADA traded fully with heavy market movements. Cardano ADA coin opened to public for trading on 1st October in 2017 at a market price of 22 cents. By the year’s end, ADA was up about 200% with a market price of 64 cents. Cardano currency debuted with a market cap of $600 million.
By the end of 2017, it had a market cap of $10 billion and reached a value of $33 billion. In 2018 before a general tightening of the crypto market, Cardano dropped its value back to $10 billion. The highest price level it recorded was on 4th of January in 2018. Its price was then $ 1.33 per coin. In 2018 Cardano teamed up with the Ethiopian government to deploy their technology throughout the country.
ADA rallied for the first full week of Jan 2018, still continuing to trade at $1.17 market price on Jan 5. That’s a 80% improvement in price in a week. There was a price dip for ADA starting around mid Jan to rebound back to $0.65. ADA is trading at $0.047 — marking a 93 percent loss since the start of the year. As Crypto is volatile with huge ups and downs, nervous traders welcomed Cardano’s October performance after three quarters of bad performance.
ADA opened at a market price of 3.8 cents in Oct 2019. After a week, the price of the ADA coin improved to 4.2 cents a coin, which is a good 10% price lift. ADA was trading at 3 cents at the beginning of January. With a gradual recovery, the price climbed up to 15 cents by July end, which is a good 5X jump.
After that, the ADA coin price fell to 7 cents by Sept end. Later, ADA price shot up heavily and it suddenly hit 17 cents in Nov end, as BTC continued to ascend gradually. Lastly, Cardano decided to end 2020 at 17 cents public market price.
ADA Market Cap
ADA has a market cap of $16,743,780,354 USD
ADA Circulating Supply and Total Supply
It has a circulating supply of 31,112,484,646 ADA coins and a max. supply of 45,000,000,000 ADA coins.
Cardano Price Today – Current Price
The Cardano price today as of writing this article is $1.2, alongside a huge 24H volume of trading to the tune of $20M.
Cardano (ADA) Future Price Forecast Prediction
Cardano’s (ADA) price prediction by experts includes that Cardano will realize its highest value through Goguen update. According to statistics, the digital coin will increase as its value hovers around the $1.2 mark. Future looks amazing for Cardano with Smart Contracts implementation and ERC-20 bridges, and a good time for investors as well.
Cardano (ADA) Short Term Prediction
Cardano’s price prediction for the short term, according to Wallet Investor, has given an incredibly optimistic forecast for the price of ADA. Its maximum forecast suggests that ADA could be worth $0.775 by the end of 2021.
Cardano (ADA) Long Term Prediction
For the Cardano Price Prediction for the long term, Wallet Investor suggests ADA has the potential to soar to $0.726 by the end of 2023 and $1.181 by the end of 2025.
Cardano Price Prediction 2021
Cardano Price prediction is already close to 8X in the first few months of 2021 and may hit its new ATH soon. It has high optimism for the year. The ADA price has risen for the past six consecutive days and by 92% in the past seven days. At 2021 calendar year end, ADA may reach $3.5 price. If this happens, it will be a great year for investors investing in Cardano in 2021.
Cardano Price Prediction 2023
2023 seems highly promising on Cardano Price Prediction. ADA might reach a mark point of $1 again like it did in 2017.
Cardano Price Prediction 2025
Cardano Price Prediction believes blockchain technology will gain more trust and traction from the users in 2025. According to Coin Price Forecast, it can reach a mark point of $2.17.
Cardano Price Prediction 2030
At the end of the decade, we expect Cardano Price prediction forecast ADA to be highly bullish with many high quality integrations and partnerships already working on ADA mainnet. ADA Price prediction states $ADA coin can reach the mark of $10 per token in 2030.
Is Cardano a Good Investment?
According to Wallet Investor price prediction, Cardano is among the best long-term investments. The success of Cardano also depends on the number of Dapps and smart contracts built on its blockchain. ADA price prediction after Goguen can pick from the current price of $0.538 to $ 3 in the long term.
Cardano has a significantly high market cap, reaching number 3 position on Coinmarketcap for largest Crypto by market cap, surpassing Binance Coin and Tether. and a high volume of daily trading as well. These reasons allure investors to invest in Cardano for the long-term.
Is Cardano Safe to Buy?
Cardano is safe to buy. It is advisable to use a credible exchange platform for security and trust.
How to Buy Cardano? Step by Step Guide
- Sign up to Binance
- Navigate to Funds and then to Deposits and finally find your USDT or Bitcoin address
- Deposit BTC or USDT to your Bitcoin or Tether address in Binance
- Next, allow the blockchain confirmations to happen for the coins to be deposited in your personal account
- Go to Exchange -> Basic
- Search for the ADA/BTC pair
- Navigate to Market box and enter the ADA amount you intend to purchase and Click -> Buy ADA
Best Crypto Exchanges To Buy Cardano
These are some crypto exchange platforms to buy Cardano:
Coinbase listing is highly expected soon.
How High Can ADA go?
ADA has a high potential to grow in the long term. ADA Price prediction puts it on a high pedestal to possibly reach the top 10 cryptocurrencies. It can go as high as $2.88 or cross the $3 mark.
Will Cardano Reach $10?
It will reach $10 but will take some time. Some ADA price predictions forecasted in 5 years will come to a realization. In realistic and analysis detail for some ADA price prediction, they predicted, there is no strong backing to reach the $10.
Can Cardano Hit $100?
It does not seem feasible. Cardano’s Crypto price prediction from major forecasters in a realistic and analytical perspective believes Cardano cannot hit $100.
Does Cardano have a future?
Cardano focuses on sustainability and scalability through its improved proof of stake implementation and Ouroboros consensus algorithm. Currently, so many second generation blockchains require full copy of entire blockchain in all nodes while a transactions gets processed. This increases security and furthers decentralization move but will heavily slow down throughput in terms of transactions per second on the blockchain, if adoption increases.
Cardano wants to reduce this scalability problem present in the second generation blockchains. Cardano’s ADA has a great potential with a promising future.
Cardano blockchain offers scalability and security through layered and abstracted architecture, that makes it easy to use, fast and low fee transactions for end users. Regardless, Cardano’s crypto price prediction has aligned with Bitcoin’s performance to determine its longevity.
Takeaways – Cardano ADA Price Prediction
- Cardano is home to the ADA cryptocurrency, used to send and receive digital funds across the globe.
- Charles Hoskinson founded Cordano in 2017.
- Ada debuted with a market cap of $600 million. By the end of 2017, it had a market cap of $10 billion and reached a value of $33 billion.
- ADA has a market cap of $16,743,780,354 USD
- ADA has a circulating supply of 31,112,484,646 ADA coins and a max. supply of 45,000,000,000 ADA coins.
- Cardano price today is $0.538169
- ADA could be worth $0.775 by the end of 2021.
- For ADA price prediction in the long term suggests it could reach $1 by 2023
- 2023 seems highly promising on Cardano Crypto Price Prediction
- According to Wallet Investor’s price prediction, Cardano is among the best long-term investment option.
- As per ADA price prediction, it can reach $3 from the current price of $0.538169.
- Cardano is safe to buy. It is advisable to use a credible exchange platform for security and trust.
- ADA has a high potential to grow in the long term it could be one of the top 10 cryptocurrencies.
- Cardano offers security and scalability that makes it unique and the special meaning it has a promising future.
If you are quickly interested in reading our other price prediction articles, head over to them
- Ethereum Price Prediction
- Tezos Price Prediction
- NEM Price Prediction
- Dogecoin Price Prediction
- Polkadot Price Prediction
- Litecoin Price Prediction
- Stellar Price Prediction
I am a data analyst by profession who loves to crunch numbers at daytime and come home wondering how my passive income numbers for the day look like. I believe in being rich rather than looking rich. Follow me for Cryptocurrency, FIRE, Personal Finance, Credit Cards and Digital Nomad updates