This article was last updated on November 7, 2022
With the current state of the crypto market, many investors are looking to sell their assets in panic. On the other hand, we have experienced investors who believe in crypto and see this opportunity as a discount. These same investors are also looking into Cardano price predictions and want to know whether or not ADA will reach $100.
This is exactly what we will be covering in this article, including more information about the Cardano network.
KEY TAKEAWAYS
- It is impossible for Cardano (ADA) to reach $100 unless we see a significant circulating supply burn, which is highly unlikely.
- In 2025, Cardano (ADA) will reach a price point-high of around $3, according to our technical analysis.
- By the end of 2030, Cardano (ADA) will have reached a new all-time high of around $6.
If you are new to the crypto space, we highly suggest checking out our dedicated article for crypto beginners. Once you read it, you will have a great foundation and an easier time navigating through the crypt space.
With that being said, let’s get right into it.
Over the past week, the price of Cardano (ADA) remained around $0.405. The circulating supply is 34.34billion tokens. The market cap went up to $13.93 billion.
Table of Contents
What is Cardano (ADA)?
Cardano is a proof-of-stake blockchain platform that is currently one of the most popular ones in the industry. Not only that, but its native token – ADA – is constantly within the top 10 cryptocurrencies by market cap.
Aside from that, Cardano’s main goal is to bring positive global change, according to the official website. But that is just too ambiguous. What exactly is Cardano trying to achieve with its platform? What problem is it trying to solve?
Well, Cardano wants to “redistribute power from unaccountable structures to the margins to individuals”. This is why Cardano is looking to develop its ecosystem allowing developers to create dApps and use smart contracts.
This actually answers the question – what is Cardano’s point, and what does it do? It wants to be a leader when it comes to dApps. This is how it’s going to transfer power from unaccountable systems to regular people.
As you probably know, crypto enthusiasts are expecting dApps to be part of the future of the world. This happens with the removal of a middleman. This includes corporations, institutions, and more.
Once that happens, people will communicate with each other and make their own contracts (smart contracts). This will be completely fair, as dependable computing will decide whether or not the conditions in the contract were met, hence the unneeded middleman.
Interestingly enough, the industry that is currently using Cardano the most is the agricultural one. Companies use Cardano to track fresh produce like vegetables, fruits, legumes, etc.
Will ADA Reach $100?
Cardano is a network that will certainly affect the future of the crypto world with its exceptional utility and problem-solving ideas. This is why the community and developers are truly interested in the project. Token owners are optimistic about the development of the network’s price, once the market stabilizes. That’s why so many want to believe the price of ADA will not only reach $100 but go beyond.
However, let’s think about it for a moment. The current price of Cardano is around $0.50. This means it will need a 200x increase in order to reach a price evaluation of $100. With a current market cap of $15 billion, this will result in a new market cap of more than $3 TRILLION.
This is why ADA will never reach $100. Even after considering ADA’s all-time high of $2.96. A better question is – “Will ADA reach $5”? Let’s talk about that for a moment.
First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish.
Not only that, but the inflation situation around the world is currently very unstable – yet another reason for the market to be tanking.
So when is Cardano going to reach $5? It will take at least 5 more years, or even 6. After all, the market cap will require a 10x increase for the price to reach $5, which means it will be going with a market cap of around $150 billion, which is quite high.
Overall, ADA will never reach $100, but ADA can surely reach $5 within the timeframe of the current decade.
ADA Price Prediction For 2022 – 2030
Cardano’s future price is difficult to predict as it is reliant on a number of factors, including the performance of the Cardano network, global economic conditions, and the price of other cryptocurrencies. However, if Cardano continues to grow as a network at its current rate, it is possible that the price evaluation for ADA could easily go back to its past prime and probably around the price mark of $1 by the end of 2022 or 2023.
This would be a significant increase from its current price of around $0.50, but would still be way below its all-time high of $2.96, reached in September 2021. While Cardano’s future price is impossible to predict with certainty, we are eager to share with you our analytical forecast.
Keep in mind that these are mainly speculations, although supported by facts and other somewhat solid factors. With that being said, let’s head on to the interesting part.
2022
Some of the financial industry’s top names have lent their weight to Cardano’s price prognosis. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrency.
According to that and to Cardano’s performance over the past year, it may achieve a tremendous boost by year’s end, unlike other significant coins like Bitcoin and ETH, and break through the $1 mark yet again, which will get it closer to its previous heights.
Of course, there’s the scenario that we experience further world conflicts that can affect the crypto market. In that case, we can expect ADA to drop in price. No one can say for sure how low it may go, but we can easily see it dropping to around $0.3-$0.4.
2023
Many analysts have made Cardano price predictions for 2023, and the general consensus is that the price of Cardano will continue to rise. This is based on a number of factors, including the increasing use of Cardano’s technology, the growing popularity of crypto, and the overall positive outlook for the global economy.
While it is impossible to say exactly what the price of Cardano will be in 2023, most experts agree that it has the potential to reach new heights.
More realistically, we can expect the price of Cardano to reach $1.45-$1.62 by the end of 2023.
2024
If the growth for Cardano continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible, in order to not misguide you.
We believe that by the end of 2024, the price of Cardano will reach at least $1.8. If we let ourselves be a bit more speculative, we’d raise it to $2, bringing it closer and closer to its previous peak.
2025
According to many Cardano enthusiasts and their price predictions, ADA prices may rise dramatically in the trading range between $2.32 and $2.51.
However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, ADA price prediction as a cheap and convenient digital asset might become a reality.
For this scenario, we must also consider that the Cardano network can significantly expand and develop. In that case, prices may even go as high as $3, but that is quite ambitious.
As for a worse scenario, there are many things we cannot predict. Such is any global military, environmental, pandemic, financial, and other similar issues.
But let’s explore what we have at hand. If a strong competitor arises, things can definitely go south for Cardano. Another thing that can happen is if there’s any change in the network’s operation. This can include a change of CEO, developers, other team members, etc. If that happens, we can see the price of Cardano dropping by 50-70%, meaning it will go for about $0.86-$1.
2026
Keeping our conservative approach, we won’t try to make ridiculous price predictions for Cardano. Although many believe that by 2026 the price of ADA will be at least $3.58, we’d give a different value.
2026 is actually not too far away, but in terms of crypto, it is. We believe that Cardano will be evaluated at anywhere between $3.22 and $3.41.
2027
As the years go by and Cardano continues its expansion and proves its utility we can easily see it going for as much as $4. However, if we are being more realistic, the price might remain moving sideways, as that is a hefty growth.
By that, we mean that ADA will be evaluated at around $3.5 – $3.65. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.
2028
In 2028, if Cardano comes out with new projects and experiences further adoption, we can see it potentially going out from the 30s and reaching a price of $4.11 – $4.45. However, this is mostly optimistic.
On the lower end, we can see ADA being worth around $4.05, while on average remaining at around $4.36.
2029
For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.
As such, we think Cardano will be moving at around $5 to $5.27 easily, although we can also see it reaching the $6 mark. This is also when ADA will reach the $5 mark (and not the $100 mark as speculators believe).
2030
Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about 8 years into the future.
Some experts have forecast that Cardano’s price should already reach the $6 mark by 2030. This would be a significant increase from its current price. However, it is important to remember that Cardano is growing, and so is its adoption rate, utility, and potential.
In addition, the current global economic situation could also lead to an increase in the price of Cardano, as more investors look to cryptocurrencies as a safe haven for their money. Only time will tell whether this price forecast comes true, but Cardano certainly seems to have a bright future ahead.
That is unless we see global frames in which cryptocurrencies have to operate in the future. What we mean here is that countries could start incorporating restrictions. There already are some countries like Qatar, China, Turkey, etc.
If that happens, we can see many of the tokens we all love and know drop down by a lot. This might even mean the end of cryptocurrencies as we know them.
For Cardano, if that happens, we can easily make a price forecast that ADA can drop in value by 90%. To be more specific, this might mean a price evaluation of less than $0.35. On a brighter note, this is highly unlikely, even though not impossible.
Cardano (ADA) Price Predictions 2022-2030 – Table
| ADA Price Prediction | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2022 Price Prediction | $0.30 | $0.40 | $1 |
| 2023 Price Prediction | $0.98 | $1.45 | $1.62 |
| 2024 Price Prediction | $1.33 | $1.80 | $2 |
| 2025 Price Prediction | $1.89 | $2.32 | $2.51 |
| 2026 Price Prediction | $2.15 | $3.22 | $3.41 |
| 2027 Price Prediction | $2.89 | $3.50 | $3.65 |
| 2028 Price Prediction | $3.15 | $4.36 | $4.45 |
| 2029 Price Prediction | $3.87 | $5 | $5.27 |
| 2030 Price Prediction | $4.11 | $5.49 | $6 |
Our Opinion On Cardano (ADA) Price Predictions
Given the Cardano price today, we can make lots of speculations. However, when doing a price prediction or looking at one, you must stay completely aware that most of the time it is completely off.
Although we kept a strong conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.
Cardano is certainly a great project with huge potential, which makes us believe that it will survive throughout the years. Not only that, but if we see it live through, it is most likely going to be a project that the majority of blockchain networks adopt due to Cardano’s utility.
Overall, although we believe Cardano will certainly be bullish and we believe in our speculations, we can never be certain.
Conclusion
Taking all of the above into consideration, it would appear that ADA is a very promising investment. The price predictions for ADA are exceptionally positive, and the coin does have a lot of potential, which is why we believe ADA will definitely reach $5, but not $100.
Of course, as with any investment, there is no guarantee that ADA will reach the predicted price points. However, if you are looking to invest in cryptocurrency, ADA is definitely worth considering.
There aren’t too many unique projects that have been coming out these days. Most are looking to give solutions to problems that do not exist. Others are looking to create problems in order to give solutions to irrelevant sectors of the crypto market.
That is definitely not the case with Cardano. The network will definitely keep growing and expanding its adoption. Even if the general public does not take better notice of Cardano anytime soon, huge companies are already working hand in hand with Cardano to better their operations.
We will keep an eye on the development of Cardano and how it performs. Its potential, in tandem with our price predictions, makes us keen to see what lies in the future for Cardano.
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