Currently the fourth largest cryptocurrency by market cap, Cardano has grown in importance in recent years. Due to its excellent peer-reviewed platform, Cardano appears to be the basis for many decentralized applications in the future, which means big things for the price of crypto.
In this article, we discuss our Cardano price prediction for the months and years to come. We will explore Cardano in depth, highlighting the things that drive up the price and showing you where you can buy Cardano without any commission!
Cardano price prediction 2021 to 2022
Later in this article, we’ll dive into our Cardano 2021 prediction, covering the coin from a technical and fundamental perspective. However, if you are looking for a quick short-term Cardano forecast, this section will present our findings through in-depth analysis of the coin’s future trajectory.
One Month – The momentum that Cardano is showing right now seems unstoppable, which is why our Cardano prediction for next month estimates that the digital currency will continue skyward towards $ 3.50.
Three Months – If Cardano’s smart contract upgrade is successfully launched and Bitcoin breaks above $ 50,000, the bullish momentum we have seen will likely continue. This will see Cardano push towards the $ 5 mark over the next three months.
Early 2022 – Before 2022 we will likely see some consolidation before a further upward push. With that in mind, our Cardano forecast for 2022 has a coin value of between $ 7 and $ 10 if this uptrend continues.
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Cardano price history – the story of 2021 Logo So Farcardano
To kick off our Cardano price prediction, it’s essential to look back and see how we got to this point. This process is an important aspect of investing because it ensures that all investment decisions are well informed. But first, let’s take a brief look at what Cardano is before looking at the coin’s price history.
Cardano is a public blockchain platform that enables peer-to-peer transactions through its native token, ADA. The platform was founded by Charles Hoskinson, one of the co-founders of Ethereum, alongside Vitalik Buterin. The idea for Cardano started to materialize in 2015 and was officially launched in 2017.
Notably, Cardano is very similar to the Ethereum platform as it can facilitate the development and deployment of decentralized applications (dApps). However, the developers of Cardano aim to position the platform as an “upgrade” to Ethereum. Cardano uses Proof of Stake (PoS) to mine blocks – which is much more efficient than the Proof of Work (PoW) protocol used by Ethereum and Bitcoin.
Few people were looking to buy Cardano UK until the end of 2020 when momentum started to pick up in the market. Between early 2021 and May 2021, the live Cardano price increased by a remarkable 1299%. Much of the hype surrounding Cardano came from its peer-reviewed foundations. The fact that Cardano’s platform is rooted in science means that companies are more comfortable partnering with this digital asset than with others.
However, at the end of May 2021, the hype died down as Cardano (as well as most altcoins in the cryptocurrency market) experienced a significant slowdown. The coin fell around 58% over the following months, finding a support level at $ 1. Notably, the Cardano price tested this support level three times and never crossed the threshold – this implies that investors still believed that Cardano had value, even though the crypto market was in free fall.
That all changed in July 2021 as the Cardano price started to pick up steam. Much of this has been attributed to rumors surrounding Cardano’s smart contract upgrade, announced for September 2021. Since the rumors started, Cardano’s price has risen 141% in just a few weeks.
Logically, these are most likely the investors who are evaluating the upgrade ahead of its launch – but either way, the price increase is fantastic for people speculating on Cardano’s current price. Right now, Cardano has broken its all-time high (ATH) and is skyrocketing in the $ 3 to $ 3.10 range. As Bitcoin breaks $ 50,000, Cardano’s bull to hit $ 4-5 is expected in the coming months if the bullish momentum continues.
Cardano Price Predictions
A key part of our Cardano stock forecast is understanding the technical and fundamental factors that could make vary prices in the future. This is a necessary process to complete when thinking about how to buy cryptocurrency, as it ensures that any investment decision is well informed. That said, the sections below showcase the technical and fundamental components of our ADA price prediction.
Technical analysis
Just like when you buy stocks, it is crucial to analyze the price chart to determine where the price might go in the future. We have studied the chart in depth through our Cardano forecast and have noticed some interesting trends that may occur in the future. As you can see right now, the Cardano price shows no signs of stopping, rising rapidly since July 2021.
The price broke above the $ 1.80 level, which was previously a significant resistance. In fact, the price even came back to that level and retested it as support which is a very bullish sign. Due to this, the May 2021 ATH will likely be tested and broken. Market sentiment towards Cardano is far too bullish for these resistance levels to hold.
Going forward, our Cardano price prediction is very optimistic. After breaking the ATH, there is no technical basis for making a specific price prediction – as the price will never have reached these highs before! However, what usually happens is that the price increases by the same amount as the previous bullish impulse. Measuring that would put Cardano around the $ 3.60 to $ 5 level before the end of the year – making it a good investment for speculative investors!
Cardano Price Prediction 2021, 2022, 2023, 2024, 2025
Cardano (ADA) Price Prediction 2021
Many are predicting that this next Bitcoin initiated bullish trend may see the market rise, and that includes ADA as well. If BTC is approaching $ 100,000 as expected, then ADA may exceed $ 10 by the end of this quarter.
Cardano (ADA) Price Prediction 2022
As for 2022, ADA may go above $ 15 in the first quarter of the year and also get closer to $ 20. This is if BTC continues its bullish movement during this period. As for the rest of the year, the price of ADA may drop a bit, but it can be relatively stable.
Cardano (ADA) Price Prediction 2023
Throughout 2023, the ADA can range from $ 15 to $ 30. Nonetheless, its price could see another breakout to the upside and hit $ 150 and reach an all-time high for ADA. This is also based on ADA’s fundamentals, as the newly adopted smart contracts could be in full force and ADA may be one more step towards overtaking ETH.
Cardano (ADA) Price Prediction 2024
As for 2024, the market could be stable and have some uncertainties ahead of the Bitcoin halving event. When the latter occurs, the price of BTC can start another huge increase. ADA could reach nearly $ 200 by December 2022.
Cardano (ADA) Price Prediction 2025
2025 could be one of the most important years for cryptocurrencies. By then, cryptocurrencies may have already replaced traditional financial institutions when it comes to payments, exchange, storage, etc. It’s also worth noting that halves in BTC usually take full effect in the first two quarters of the following year. Because of this, ADA could reach almost $ 1,000 by May 2025.
