Cardano (ADA) Price Prediction: Will Cardano Hit ATH Soon?

Last updated:11/18/2024
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Following Donald Trump’s US election win, the whole crypto market once again ignites huge excitement and bullish sentiment. Bitcoin (BTC) responded rapidly, recording a ATH of over $93K ceiling. Meanwhile, Cardano (ADA) has been on the investors’ radar lately, as evidenced by the recent ADA rally.

Amid current bull run sentiment, market experts are predicting a strong rally ahead for the crypto. In this article, we will explore the potential reasons that may help ADA price to continue its gain in the coming days, making price prediction for Cardano (ADA).


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Table of Contents

What is Cardano (ADA)?

Cardano (ADA) Price History

Cardano (ADA) Price Prediction

Will Cardano Hit ATH Soon?

How to Buy Cardano (ADA)?

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What is Cardano (ADA)?

ADA

ADA
Cryptocurrency Cardano
Token ADA
Price $ 0.8773 1.53%
Rank 9
Market Cap $ 30.8B
24H Trading Volume $ 1.5B
All-time High $ 3.0970
All-time Low $ 0.0174
24 High $ 0.9072
24 Low $ 0.8613
Cycle High $ 1.3216 / 2024-12-03 03:45:00
Cycle Low $ 0.2344 / 2023-06-10 04:35:00
Update Time 2024-12-28 00:19:02

Cardano is an advanced blockchain platform developed for the deployment of smart contracts. It empowers developers to create decentralized financial applications, crypto tokens, and gaming. Its native token, ADA, shares similarities with Ethereum’s ETH, allowing users to store value, facilitate payments, and stake their ADA holdings within the Cardano ecosystem.

Cardano leverages the energy-efficient Ouroboros proof-of-stake mechanism, distinguishing it as more environmentally friendly compared to proof-of-work models. The blockchain architecture is cleverly partitioned into two layers: one dedicated to transactions and the other to smart contracts. This design enhances its ability to process many transactions per second. Furthermore, Cardano’s native tokens facilitate secure, cost-effective interactions with smart contracts, thereby enhancing the blockchain’s efficiency and scalability.

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Cardano (ADA) Price History

Cardano’s development began in 2015, however, the network’s mainnet was not released until September 29th, 2017, with the release of the Byron era. This primitive version of the network facilitated the purchase and sale of ADA, with a goal of fostering the growth of the Cardano community.

The first price for Cardano on CoinMarketCap dates back to October 1, 2017, with its native ADA token priced at $0.02461. The price of ADA traded between $0.02 and $0.03 until the end of November—when it joined the wider market rally that witnessed Bitcoin hit the mainstream with a bang as it closed the year just under $20,000. In this rally, the price of ADA skyrocketed by 731%, peaking just above $1 on January 3, 2018.

From there, it followed the the broader market downturn in 2018, gradually declining to find support at $0.03 in December, representing a 97% drop from its peak just 12 months prior. In spite of this, Cardano managed to break into the CoinMarketCap top 10 in 2018 and has maintained its position since then.

In 2019, Cardano rebounded from its December 2018 low of $0.03, and meet resistance of $0.10 through June. From there it declined to find support at $0.033, finishing the year at $0.03347.

Cardano continued into 2020 as it had traveled through 2019, testing $0.10 again, before dipping below the $0.03 mark for two weeks in March.

Into 2022, Cardano followed the decline of the broader cryptocurrency markets, finding support at $0.50 along the way before finishing the year just under $0.25, the beginning of the formation of support at this level. This represented an 80% decrease in price from the start of the year and a staggering 91.94% decline from its all-time high in September 2021.

ADA embarked on a promising start to 2023 by climbing up the charts and encountering resistance at $0.4 in February, before declining to $0.3. ADA then peaked above $0.4 in April, meeting resistance at $0.45. However, throughout late April and May, the price steadily declined as bulls and bears engaged in a tug-of-war around the $0.4 mark.

As of writing the article, ADA is traded at $ 0.8773, boasting a market cap of $ 30.8B, and witnessing a hefty 24-hour trading volume of $ 1.5B. ADA Token saw a 24-hour price change of 1.53%, with minor fluctuations of 0.03% in the past hour.

The following sets forth the Cardano to USD Price Chart.

Cardano Price

Price Change 1H Percent 0.03%
Price Change 1D Percent 1.53%
Price Change 7D Percent -6.30%
Price Change 30D Percent -13.29%
Price Change 90D Percent 119.54%
Price Change 365D Percent 41.64%

Cardano (ADA) Price Prediction

Now that we know what Cardano (ADA) is and its price history of Cardano (ADA) coins, let’s take a look at the experts’ future price predictions for ADA coins.

Cardano (ADA) Price Prediction 2024

For Cardano (ADA) price prediction for 2024, based on current market conditions, Cardano is predicted to be traded between $0.40 on the lower end and $1.03 on the high end, with an average trading price expecting to be around $0.60.

Here are the possible price changes we expect for Cardano (ADA) in the next half month:

price prediction days

Date Price Prediction Change
12-28 $ 0.8773 0.00%
12-31 $ 0.8742 -0.35%
01-03 $ 0.8655 -1.34%
01-06 $ 0.8495 -3.16%
01-09 $ 0.8569 -2.32%
01-12 $ 0.8651 -1.39%

Cardano (ADA) Price Prediction 2025

As to Cardano (ADA) Price Prediction for 2025, we anticipate ADA’s price rally to persist in 2025, fueled by the same array of factors that have propelled its growth trajectory in 2024. Furthermore, the token’s price surge may intensify as Bitcoin reaches unprecedented heights, prompting an influx of investors, including those previously hesitant in the crypto sphere, to redirect their funds towards digital assets for the very first time.

Therefore,it is projected that Cardano (ADA) would reach a maximum price level of $ 1.3365 in 2025. However, under a bearish circumstance, Cardano (ADA) is estimated to drop to a potential lowest price level of $ 0.7588 during the year, with an average trading price of $ 1.1588.

Cardano (ADA) Price Prediction 2030

In terms of long-term price prediction for 2030 on Cardano (ADA), our forecast remain bullish. We expect meme coin prices to keep rising from 2026-2030 in a virtuous cycle, with communities around tokens like $ADA holding onto tokens and driving up prices as demand exceeds supply

Considering this, our predict Cardano to see an average price level of $ 1.8035 in 2030. This still leaves $ADA among the top cryptocurrencies, ahead of $AVAX and $TON. Overall, it is predicted that ADA would see a potential low price of $ 1.1145 and a maximum price level of $ 1.8675.

Cardano (ADA) Price Prediction 2050

As to Cardano (ADA)’s price prediction for 2050,  Cardano will likely experience strong volatility in the long run  as it looks to establish itself as a permanent figure in the market. According to our current analysis,  in 2050, ADA coin is predicted to be traded between $ 3.2679 to $ 5.7925 and the average price of ADA should be around $ 5.3669.

Potential Highs & Lows of Cardano (ADA)

Here are our projected highs and lows for Cardano (ADA) from 2025 to 2050:

price prediction years

Year Yearly Low Yearly Average Yearly High
2025 $ 0.7588 $ 1.1588 $ 1.3365
2026 $ 0.7100 $ 1.0682 $ 1.2010
2027 $ 0.6832 $ 1.0383 $ 1.2111
2028 $ 1.0400 $ 1.3968 $ 1.5159
2029 $ 1.1493 $ 1.7986 $ 2.0539
2030 $ 1.1145 $ 1.8035 $ 1.8675
2035 $ 1.2285 $ 2.0681 $ 2.3656
2040 $ 2.3231 $ 3.3777 $ 3.6179
2045 $ 2.7897 $ 4.3983 $ 4.8907
2050 $ 3.2679 $ 5.3669 $ 5.7925

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Will Cardano Hit ATH Soon?

In a recent post on X, Cardano founder Charles Hoskinson praised the ADA community, referring to it as the “best community” and highlighting its exceptional entrepreneurs. Furthermore, he expressed optimism about the upcoming Voltaire update, predicting it will establish the ecosystem as “the finest government ever assembled by humanity.”

This statement reflects Hoskinson’s confidence in the community, which could further bolster the ongoing rally in ADA prices. Additionally, his visit to Elon Musk’s SpaceX office has ignited speculation regarding potential collaborations or influences, particularly given Musk’s increasing prominence in the U.S. political landscape.

Moreover, Hoskinson has recently indicated his support for the Trump administration in shaping cryptocurrency legislation. He aims to assist U.S. policymakers in developing clear regulatory frameworks for digital assets that have faced significant regulatory scrutiny over recent years.

Recent remarks from Ripple CEO Brad Garlinghouse have also contributed to market optimism. In a recent interview with FOX News, Garlinghouse noted that XRP, ADA, SOL, and other cryptocurrencies issued by U.S.-based companies have experienced substantial rallies lately—outpacing their counterparts. He attributed this surge to expectations surrounding pro-crypto policies under a Republican administration and suggested that continued support for Trump could further benefit these cryptocurrencies.

Additionally, several market analysts predict a strong rally ahead for cryptocurrencies overall. Notably, prominent crypto analyst Ali Martinez stated that Cardano’s price is poised to reach $6 by 2025—heightening anticipation for an ADA rally towards new ATHs.

Overall, according to a series of recent market developments, it is quite likely that Cardano’s price may soon reach an all-time high (ATH). However, despite Cardano boosts huge potential, its future development also depends on other factors like demand for the token, liquidity, its market cap, etc. As any investor carries both opportunities and risks, investors are advised to pay close attention to market dynamics and make cautious decisions.

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How to Buy Cardano (ADA)?

Currently, ADA USDT-margined perpetual futures contracts with a leverage of up to 50x are now available on BTCC platform. The following sets forth the guidance for trading ADA USDT-margined perpetual futures on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposit”, and then fund your account with your preferred method (Fiat Deposit, Crypto Deposit or Coversion).

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find ADA trading pair.

 

You can also click the button below to enter ADA trading page⇓

Step Four: choose the contract trading order type. Futures contract orders on BTCC include market orders, limit orders and SL/TP orders.

  • Market Order: users place orders at the best price in the current market to achieve fast trading.
  • Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
  • SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and ADA futures contract order is completed.

That’s all information about Cardano (ADA). If you want to know more information about Cardano (ADA) and other cryptocurrencies, please visit BTCC Academy.

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