Cardano Price Prediction

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Contributor, Benzinga
April 22, 2024

Analysts are saying that ADA could hit $6 by the year 2025. Feeling bullish about ADA already? You can buy ADA on Coinbase, eToro and Kraken.

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Disclosure: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Cardano (ADA) is the 10th largest cryptocurrency by market cap, boasting high scalability, security and sustainability. With a mission to bring financial services to the world’s unbanked, Cardano has grown its network significantly and continues to be one of the most substantial projects in the ecosystem. 

Disclosure: eToro supports the following currencies: BTC, ADA, DASH, DOGE, EOS, ETH, LTC, NEO, XLM, XTZ, TRX, ZEC. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. T&Cs apply. *The bonus is available to Benzinga readers in the US for open states only. Served by eToro USA LLC.

Cardano (ADA) Price Prediction Table 

The table below takes the average price of three different experts: Changelly, Coin Editon and Coinpedia. 

YearAverage PricePercent Increase
2024$1.73251.27%
2025$6.00247%
2026$4.45-26%
2027$8.2485%
2028$10.4727%
2029$15.4548%
2030$20.3131%
2040$234.541,055%
2050$294.7926%

What is Cardano (ADA)?

The Cardano network, founded in 2017, is a decentralized proof-of-stake (PoS) network similar to Ethereum. It seeks to sustainably enhance blockchain networks' security and scalability without compromising the environment. Energy-intensive networks like Bitcoin rely on a proof-of-work (PoW) consensus to maintain network functionality. However, PoW is energy-demanding, raising concerns at scale. Cardano’s PoS consensus, Ouroboros, has emerged as a leading alternative to PoW. 

Touted as the first blockchain built on peer-reviewed research, Cardano seeks to be a decentralized app (dApp) homeland built to scale. ADA is the native token used in the Cardano ecosystem. ADA can be used as a store of value or investment and a peer-to-peer exchange, offering transaction fee payment and staking on the network by validators. 

Will Cardano Go Past All-Time Highs? 

Cardano is trading at around $0.50 in April 2024. To surpass the all-time high (ATH) of $3.09 set on Sept. 2, 2021, Cardano would need to grow over 500% from current levels. Such growth is plausible; however, it is hard to make accurate claims with volatile assets like cryptocurrencies. Its last ATH was set at the peak of the previous crypto bull run. Many speculate a bull market with the recent Bitcoin halving on April 19, 2024. In a bull case, altcoins like ADA have seen massive gains in the past. 

Cardano Price History and Market Position 

Cardano, the 10th largest cryptocurrency by market cap, has fallen over 15% since last month. Many altcoins like XRP, LINK and AVAX have seen similar corrections. Over the previous week, ADA has increased by 5% while Bitcoin has tumbled by 2%. Considering BTC’s market domination, ADA’s stable short-term outperformance of BTC may signal a reversal. As a leading application protocol among developers, Cardano is a strong adversary of Ethereum. As Cardano continues to refine and iterate its network, it could become increasingly valuable to developers, users and investors. In a bull case, many speculate that ADA can make a strong run; however, it is hard to know for sure. 

Coin Edition’s Bullish Long-Term Price Prediction for Cardano 

Coin Edition is a popular outlet among Web3 enthusiasts. Using a combination of technical indicators like relative strength index (RSI), Bollinger Bands and Volume Accumulation Percentage Indicator (VAPI), Coin Edition predicts ADA could trade as high as $17 in 2025 and $51 in 2030. This represents 3,300% and 10,100% increases from current levels. These forecasts are significantly higher than the average prices of $6 in 2025 and $20.31 in 2030 noted in the table. Coin Edition indicates that the recent BTC halving could incite a bull market where ADA and other altcoins can grow. However, it is essential to note that price predictions should not be taken as financial advice. 

Changelly Bearish Long-Term Price Prediction for Cardano 

Changelly has a more moderate view of ADA. Through a combination of technical and fundamental analysis, Changelly estimates ADA could trade at a maximum of $1.05 in 2025 – a 110% gain. While this is still a substantial gain, it is significantly lower than the average $6 price target in 2025. In 2030, Changelly posits that ADA will trade at best around $7.04 in 2030 – a 1,308% growth. This is a relatively bearish estimation compared to the average 3,962% increase among other experts. It is essential to recognize that predicting any asset won’t be accurate and should not be considered investment advice. 

2024 Cardano (ADA) Price Prediction 

According to the three experts selected, ADA is estimated to trade around $1.73, a 246% growth from current levels. Across the board, experts mention the relevance of the recent BTC halving for altcoins like ADA. Historically, a bull market ensues after halving events. If this is the case, coins like ADA with strong fundamentals and good market positioning have plenty of room to grow. These predictions are merely opinions and should not be expected to be accurate. Do your own due diligence before making any financial decisions. 

2025 Cardano (ADA) Price Prediction 

The average price among the outlets mentioned in 2025 is $6.00 – a bullish 1,100% increase from current levels. Previous bull runs have lasted from one to two years. If crypto is entering a bull market, it is expected to last well into 2025.  Experts believe that this will lead to accelerated growth among altcoins like ADA. Cryptocurrencies are volatile assets that are especially vulnerable to high variance. While these forecasts state attractive returns, taking each with a grain of salt is crucial.

2030 Cardano (ADA) Price Prediction 

According to Changelly, Coinpedia  and Coin Edition, ADA is forecasted to trade around $20.31, a meteoric 3,962% increase from current levels in 2030. Investors should know that these outlets rely heavily on technical indicators to make predictions. The further into the future an estimate is made, the less accurate it tends to be. While four-digit returns are impressive, they should be taken with caution. Investors should do their research before making any final decisions. 

2050 Cardano (ADA) Price Prediction 

In 2050, Cardano is predicted to trade at around $294.79, a 58,858% increase from current prices. Investors should be skeptical about audacious predictions and only make financial decisions after due diligence. It is impossible to know what ADA will be worth in the future. The combination of utility and strong market positioning has led some experts to believe ADA will be worth more down the road. Investors should be skeptical and only make investment decisions after personally researching and understanding the asset. 

Where to Buy Cardano (ADA) 

  • Coinbase
    Best For:
    Active Crypto Traders
    securely through Coinbase's website

    Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

  • eToro
    Best For:
    Social Investing
    securely through eToro's website

    Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk

    Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

  • Kraken
    Best For:
    Crypto futures traders
    securely through Kraken's website

As the 10th largest cryptocurrency by market cap, ADA is a highly accessible coin across many platforms. If you are looking to invest, you can buy ADA on centralized and decentralized exchanges. Recommended platforms for purchasing ADA include Coinbase, eToro and Kraken.

How Long Will It Take for Cardano to Reach ATHs? 

To preface, it is difficult to know when an asset will reach a specific price. According to expert predictions, ADA is expected to surpass ATHs in 2025 with an average price of $6. The recent Bitcoin halving and increasing adoption of cryptocurrency is bringing more capital and interest into the asset class. As blue-chip coins like BTC and ETH grow, altcoins like ADA are expected to follow. Regulatory developments and market sentiment could play a big role in cryptocurrencies in the future, affecting prices. However, these estimations are merely predictions and should not be considered investment advice. 

Where to Store Cardano (ADA) Safely 

Wallets are the best way to store cryptocurrency securely. There are two types, each with its benefits and drawbacks. Hardware wallets are the most secure option, with assets being stored offline. Investors tend to use these for long-term storage. In contrast, software wallets are easier to transact and provide additional online security, making them better choices for higher-frequency transactions.

  • Best hardware wallet: Ledger offers excellent hardware wallets that keep crypto safe and secure offline. This wallet also provides a simple and smooth user experience for all levels of investors. 
  • Best software wallet: ZenGo allows you to bulletproof the security of your crypto without needing to take it offline. With an unparalleled user experience and secure recovery features, ZenGo is one of the best mobile wallets in the market right now. 

Current Crypto Prices

The current crypto market cap sits around $2.39 trillion, up over 2.23% on April 20. BTC is up 1% the day after the Bitcoin halving, and ETH is up 2%. The overall crypto market has seen corrections, with altcoins taking some hits. With the Bitcoin halving now completed, many believe it is only a matter of time before the market heats up again. As the markets are red, many feel it is an excellent time to size into high-conviction positions. However, cryptocurrency is a volatile asset class, and investors should do their research before investing in any coin. 

Is Cardano a Good Investment?

Cardano has emerged as a leader for dApp developers and users. ADA is at the heart of the Cardano ecosystem, providing key functionalities like staking on peer-to-peer exchanges and paying transaction fees. As Cardano continues to scale, ADA could potentially become more valuable. Cardano has positioned itself at the top with networks like Ethereum, leading many to believe in its long-term potential. Whether ADA is a good investment depends on each individual's goals and needs.

Frequently Asked Questions

Q

What will Cardano be worth in 2025?

A

According to Changelly, Coinpedia and Coin Edition, the average price of ADA in 2025 could be $6.

Q

How much is Cardano worth in 2030?

A

Some experts estimate ADA could trade at around $20.31 in 2030.

Q

How high can Cardano go in 2024?

A

While it is hard to know for sure, according to the price table, ADA can reach $1.73 in 2024

Q

How much will Cardano be in 5 years?

A

In 2029, ADA is expected to be worth $15.45 on average, according to Changelly, Coinpedia and Coinedition.

Disclosure: ²Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts
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About Gianluca Miller

Gianluca Miller’s crypto journey started in 2019 when he sought alternative assets to diversify his investment portfolio. With a keen interest in innovative technologies, he became increasingly involved in Web3 through trading crypto and participating in DeFi protocols. Over the last few years, he has become a blockchain evangelist, fascinated with the tech’s utility and impactability. Gianluca contributes to Benzinga, is working on a Defi research project through Blockchain UCSB, and continues to expand his Web3 acumen daily. He loves learning, analyzing new projects and market conditions, and building relationships with industry leaders.