Cardano, the 8th largest cryptocurrency by market cap, is closing in on the 60-cent mark as of mid-December 2023. With the year about to end and the price of ADA having peaked at $0.675 — aligned with our 2023 Cardano price prediction, the future seems optimistic for this peer-reviewed ecosystem. In this updated Cardano price prediction, we shall take a closer and more detailed look at the future of the Cardano blockchain going into 2024 and the price of ADA — from an investment perspective.
Over the next few sections, you will find how we successfully predicted the highest price of ADA in 2023 and why we expect the 2024 high to be around the $1.22 mark. Plus, we will show (not tell) why we believe the price of ADA can breach the $5 mark by 2030.
Best crypto exchanges to buy & trade ADA
Best for interest rates
Best for spot trading
Best for altcoins trading
YouHodler’s combination of high liquidity, a wide range of ADA pairs, attractive joining bonuses, and competitive staking rates makes it a compelling choice for those looking to trade or invest in ADA. Here are some of the specific reasons why YouHodler was listed:
Crypto loans using ADA as collateral: YouHodler allows you to use ADA as collateral for instant loans in fiat, crypto, or stablecoins, with Loan-to-Value (LTV) ratios as high as 90%.
ADA savings accounts: You can deposit ADA in savings accounts on YouHodler and earn an Annual Percentage Yield (APY) of up to 5.65%, paid weekly without any fees. The interest compounds, and there’s no lock-in period for your funds.
Multi HODL feature: This unique offering lets you capitalize on ADA’s volatility, offering the opportunity to multiply your holdings in both bull and bear markets.
Turbocharge loans: It offers a “chain of loans” feature to potentially increase your ADA holdings.
Wallet and exchange services: YouHodler provides a wallet app where you can store ADA and also trade it against various fiat and cryptocurrencies. The platform supports a wide range of cryptocurrencies and fiat currencies, making it versatile for diverse trading strategies.
Besides the mentioned features, YouHodler promises high trading liquidity. Plus, YouHodler offers a welcome bonus worth $50 to new customers. Additionally, there is also a $50 worth referral program in place.
Bybit is a prominent crypto trading platform that offers a range of advanced trading features, making it a suitable choice for buying and trading Cardano (ADA). Here are some of the key Cardano-specific traits and functionalities of Bybit:
Trading options: Bybit is well-equipped for both spot and derivatives trading. It offers a wide range of trading tools and features, including support for over 180 contracts, access to USDT and USDC perpetual contracts, inverse perpetual and futures contracts, and USDC options.
Leveraged tokens: The platform offers leveraged tokens, which are ideal for users who prefer not to stress over going long or short with assets. These tokens come with built-in leverage and are akin to crypto Contracts for Difference (CFDs), though Bybit does not directly support CFDs.
Quick buy feature: Bybit enables quick crypto purchases through a one-click buying option, allowing users to easily exchange fiat for various cryptocurrencies, including ADA.
Copy trading: This feature allows users to copy the trading strategies of successful traders on Bybit, which can be particularly useful for less experienced traders or those looking to leverage the expertise of others.
Bybit Card: Bybit offers a MasterCard debit card, allowing users to make payments directly using any crypto in their Bybit funding account.
Besides the following traits, Bybit’s ADA/USDT pair also enjoys high liquidity, making order execution rapid. Bybit’s ADA/USDC pair also enjoys high liquidity. Bybit also offers attractive bonuses to the new users — up to $50. Plus, you, as an ADA trader, can earn up to 420 USDT via referals.
Binance also boasts tons of ADA-specific features, with its ADA/USDT pair enjoying 14.36% of the global ADA trading volume. Other ADA pairs like ADA/ETH, ADA/FDUSD, ADA/BTC, and more are equally popular. Here are some of the other features that make Binance good enough to be listed as one of the top ADA trading platforms:
Binance offers ADA staking with an APY of up to 6.1%, with weekly payouts and the flexibility to unstake at any time without a designated unstaking period. Plus, it supports Cardano network upgrades and hard forks, ensuring that ADA traders on their platform are not affected during these updates.
Binance stands out for its deep liquidity, ensuring efficient order filling without significant price slippage. It starts with a low spot trading fee of 0.1%, one of the lowest in the industry, which can be further reduced for BNB token holders.
Additionally, Binance offers $30 as the welcome bonus to new users followed by $5 as verification bonus.
All of the platforms recommended by BeInCrypto in this piece have been thoroughly tried and tested by our teams over a period exceeding six months. During our review processes we assessed YouHodler, Binance and Bybit against a number of key criteria, checking for usability and how each platform appeals to a diverse range of traders and investors. All platforms were found to have secure infrastructure and solid customer services offerings, making them all well-rounded offerings suitable for the buying and trading of ADA.
Learn more about BeInCrypto’s methodology verification here.
- Cardano fundamentals and the impact on ADA price prediction
- ADA price prediction and the role of tokenomics
- Cardano price forecast and on-chain metrics
- Cardano price prediction and technical analysis
- Cardano (ADA) price prediction 2023 (almost successful)
- Cardano (ADA) price prediction 2024
- Cardano (ADA) price prediction 2025
- Cardano (ADA) price prediction 2030
- Cardano (ADA’s) long-term price prediction until the year 2035
- Is the Cardano price prediction model accurate?
- Frequently asked questions
This article may be outdated, we suggest you visit our new Cardano Price Prediction tool.
Cardano fundamentals and the impact on ADA price prediction
Founded by Charles Hoskinson, Cardano is easily one of the more technologically-equipped blockchains around. Here is a quick refresher to how powerful and feature-loaded the Cardano network actually is:
- Cardano comes with a layered architecture, making transaction handling more flexible.
- The blockchain comes with a more energy-efficient version of the Proof-of-Stake consensus — the Ouroboros.
- You can stake ADA to secure the network or even use it to take part in on-chain governance.
- The Cardano blockchain is developer-focused, offering ample DApp and smart contract development resources.
- The Cardano ecosystem is interoperability-focused and boasts periodic technical upgrades.
And that’s just scratching the surface when the functionality of Cardano and its native ADA tokens are concerned.
Cardano is also steadily evolving into a breeding ground for NFTs with marketplaces like Jungle, jpg.store, Pun City, and more setting shops. Per data from Crypto Slam at press time, total NFT Txns corresponding to the Cardano ecosystem have surged almost 68% over the past 7 days. And the majority of the transaction volume has been pushed in by the buyers.
If you look at the 7-day chart, there has been a clear uptick in the number of buyers and sellers flipping NFTs across the Cardano network.
Apart from NFTs, Cardano also has a pretty evolving DeFi presence. It was ranked 17 in terms of TVL in early April, with the Minswap DEX having a 29% dominance. As of December 18, 2023, the ranking has changed to 12, and the Total Value Locked has surged almost three times.
ADA price prediction and the role of tokenomics
As far as ADA tokenomics is concerned, Cardano has a maximum supply of 45 billion. Do note that almost 31.1 billion ADA tokens were initially allocated. Here is what the ratio looked like:
Per calculations, the entire Cardano supply might take close to 2050 to become liquid. Until then, we will have to deal with a standard inflation or issuance rate. Do note that the inflation rate might start dropping as and when the circulating supply starts approaching the supply cap. But that would still take some time. In early April, the Cardano network had an inflation rate of 1.55% — which is lower than that of BTC.
However, the same has gone up to 2.21%, per the latest Money Printer data. The increase in inflation might work as a deterrent to the price surge expectations. It also shows demand for ADA tokens hasn’t been that high.
The steady inflation rate might be a good sign for the market capitalization of Cardano. Plus, if the demand increases significantly, scarcity might creep in even with the 1.55% inflation rate. Fingers crossed!
Cardano price forecast and on-chain metrics
A good sign for the Cardano blockchain is that the daily fees and the developer count (core devs) have remained steady over the past 180 days before surging again in early December 2023.
As the supply side fees also involve fees paid to the staking pool operators, the DeFi presence seems to be picking up for the Cardano network towards the end of 2023, with the fees slowly surging and making the network more desirable.
A surge in the supply side fees — the revenue generated by the validators, delegators, and staking pool operators — might help increase prices.
The price surge after every volatility bottom is evident if you look at the volatility chart. Right now, we might be staring at a series of quick bottoms in regard to volatility — a development that might push the prices higher in the mid-term. However, this was early April, and as of now, the volatility metric is high, hinting at a quick correction in the short term.
Let us move to the technical analysis to understand how the ADA Coin price prediction might hold in the short and long term.
Cardano price prediction and technical analysis
Let us now circle back to the short-term technical analysis from the past — April 2023.
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Notice how ADA traded inside the ascending channel pattern — with the prices alarmingly close to the lower trendline. If breached, ADA could try and find some support at $0.377. However, over time, this level was breached, pushing ADA all the way up to 65 cents.
Let us now identify if the current price of ADA is giving out any optimistic short-term signal or not:
The 24-hour chart price chart shows that ADA broke out of a channel pattern, as marked by the arrow. At present, the upper channel trendline is acting as a support, and if breached, at say, $0.56, ADA might correct further. The 20-EMA line works as a secondary support at $0.52, under which ADA might even head to the sub-50-cent levels. Even the volume levels look a tad jaded in the short term.
Pattern identification
The weekly chart reveals a peak-like formation towards the extreme left of the chart. Before the peak, there is a smaller high, and post the peak, ADA makes a smaller high before going tepid and range-bound for close to 2.5 years.
Post that, ADA makes two higher highs before peaking at over $3. After that, there are two discernible lower highs. Also, notice how the current weekly RSI is making a higher high as opposed to the lower high made by the price of ADA. This form of bullish divergence means that ADA might again start forming a series of higher highs.
We can now locate every crucial high and low point on the chart to help you identify the average high-to-low and low-to-high moves.
Price moves and changes
Now that we have marked all the crucial points before, after, and between the peaks, it is time to locate the price percentage changes and distances between them. For that, we will focus on two paths: A to O and O to O1.
Now that we have data for all the chart points, let us use the negative and non-negative values to locate the averages.
The sum and average of all the negative values return a percentage drop (high-to-low) of 68.53%. The time taken for the same can be 151 days (average of the negative days).
Calculations
The sum and average of all the non-negative values return a percentage hike (low-to-high) of 198.79%. We purposefully kept the O to A values of 8898.52% out to keep the calculations within permissible limits. The time taken for the same can be 90 days (average of the non-negative days).
Note: The high-to-low and the low-to-high moves can vary from the calculated average depending on the crypto market conditions, support levels, and even the resistance levels.
Now, let us use the calculations to identify the Cardano price prediction levels for the years to come.
Cardano (ADA) price prediction 2023 (almost successful)
Outlook: Bullish
Here is how we projected the price of ADA to go in 2023. Read along for the initial analysis.
The last point we have on the weekly price chart is O1. Considering the average low-to-high move of 198.79%, we can expect the next high to surface at $0.729. Also, we have taken the max distance or timeframe of 350 days, considering how slowly the price of ADA moves up.
This also confirms the fact that the price of ADA in 2023 might not drop lower than $0.244 — the level of O1.
Update: In 2023, ADA reached a high of $0.675, which was in line with our maximum price prediction of $0.729.
Projected ROI from the current level: 76%
Cardano (ADA) price prediction 2024
Outlook: Bullish
Now that we have A1 — the highest Cardano price forecast level for 2023 (which was nearly fulfilled) — we can use the high-to-low percentage average of 68.53% to chart the low in 2024 in close to 151 days. However, there are some strong support levels close to $0.41, which might be the lowest the price of ADA can drop in the subsequent 151 days from A2.
The next high from this low could again go as high as 198.79% and, in 90 days, settle at $1.22. This could be the Cardano price prediction for 2024.
Cardano (ADA) price prediction 2025
The next low from this high of $1.22 or B2 could again be closer to the support level of $0.752 — translating into an average price drop of 38.50%. As this low is still higher than the 2023 high of $0.675, we can expect the price of ADA to be in an uptrend, even in 2025.
Also, using the average price hike of 198.79%, we can plot the 2025 high for ADA, which could settle at $2.24.
Projected ROI from the current level: 441%
Cardano (ADA) price prediction 2030
Outlook: Bullish
Let us now assume that the high in 2025 for ADA is termed C2. From this level, the average drop of 68.53% might be possible due to increased selling pressure applied by the recently turned-in-the-money holders. Therefore, over the next 150 days, the next drop can see the average price of ADA surface at $0.712.
This can, therefore, be the lowest price in 2025, beating the first low of $0.752. The low of $0.712 makes sense if followed by the average price hike of 198.79%. This value puts the next high — towards the onset of 2026 — at $2.14. If we mark this high as B3, we can again see a lower high formation in play for ADA — like the previous patterns.
With the 2023 low and 2026 high, we can extrapolate the Cardano price prediction path to locate the prices till 2030. Following the same growth path till 2026, we can expect the price of ADA to settle at $5.26 by 2030.
Projected ROI from the current level: 1170%
Cardano (ADA’s) long-term price prediction until the year 2035
You can easily convert your ADA to USD here
Outlook: Very bullish
If you wish to hold ADA longer — even through 2035 — here is a table that can help you trace the expected price projections for the same:
| Year | Maximum price of ADA | Minimum price of ADA |
| 2023 | $0.729 (Final price $0.675) | $0.244 |
| 2024 | $1.22 | $0.41 |
| 2025 | $2.24 | $0.712 |
| 2026 | $2.14 | $1.32 |
| 2027 | $2.57 | $2.00 |
| 2028 | $3.85 | $3.01 |
| 2029 | $4.23 | $3.30 |
| 2030 | $5.26 | $4.10 |
| 2031 | $7.89 | $6.15 |
| 2032 | $10.65 | $8.30 |
| 2033 | $15.97 | $9.90 |
| 2034 | $18.37 | $14.33 |
| 2035 | $22.04 | $17.19 |
Is the Cardano price prediction model accurate?
This Cardano price prediction model takes technical analysis seriously. A wide range of tracking points helps us fetch the most accurate and relative projections. However, the ADA coin price prediction levels might change depending on the changing market cap of Cardano. Other factors like the number of active developers, upgrades like the Vasil Fork, and more might also come into play. Therefore, it is advisable to keep tracking every ADA price prediction level alongside Cardano’s network-specific growth and the broader crypto market.
Frequently asked questions
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