Key takeaways
Cardano is a decentralized blockchain platform designed to be secure, scalable, and sustainable. It uses a unique proof-of-stake consensus mechanism called Ouroboros, which is more energy-efficient than the proof-of-work system used by Bitcoin and Ethereum. Cardano aims to be a flexible platform for running smart contracts, allowing the development of decentralized finance apps, new crypto tokens, games, and more.
The native cryptocurrency of Cardano is ADA, which can be used for storing value, sending and receiving payments, and staking to help maintain network security. Cardano is led by Charles Hoskinson, a co-founder of Ethereum and BitShares. The project has a strong emphasis on research and peer-reviewed development, with a roadmap divided into five eras: Byron, Shelley, Goguen, Basho, and Voltaire.
As of 2024, Cardano has a thriving DeFi ecosystem with a total value locked (TVL) of over $300 million. Upcoming developments include Mehen Finance’s introduction of the USDM stablecoin and the Hydra Layer 2 scalability solution. Cardano is positioning itself as a leading smart contract platform focusing on sustainability, security, and decentralization.
Cryptocurrency | Cardano |
Token | ADA |
Price | $0.4017 |
Market Cap | $14,038,096,737 |
Trading Volume | $257,730,387 |
Circulating Supply | 34,949,383,758 ADA |
All-time High | $3.10 on Sept 01,2021 |
All-time Low | $0.01735 on Oct 01,2017 |
24-hour High | $0.4094 |
24-hour Low | $0.3936 |
Metric | Value |
Volatility | 5.77% |
50-day SMA | $0.352418 |
14-Day RSI | 68.39 |
Sentiment | Neutral |
Fear & Greed Index | 64 (Greed) |
Green Days | 20/30 (67%) |
On September 28, the 1-day chart for Cardano (ADA) against the US Dollar shows the price at $0.401, with a slight decline of 0.25%. The candlesticks indicate a bullish trend over the past few sessions, reaching a high of $0.406. Bollinger Bands suggest price volatility, with the upper band at $0.404 and the lower band near $0.317. The Relative Strength Index (RSI) at 67.79 suggests an overbought condition, which could indicate a potential price correction soon. The 20-day Simple Moving Average (SMA) at $0.361 shows ADA is trading above its average, indicating short-term strength.
The 4-hour Cardano (ADA) chart against the US Dollar shows the price at $0.401, with an upward movement of 1.01%. The candlestick pattern suggests short-term consolidation after a recent bullish run, with a high of $0.403. The Balance of Power (BoP) at 0.40 suggests a neutral to slightly bullish pressure. The MACD indicator shows a potential convergence, with the MACD line at 0.010 and the signal line at 0.008, indicating a weakening bullish momentum. The price may face resistance around the $0.403 mark and could experience a pullback soon.
Period | Value ($) | Action |
SMA 3 | 0.370769 | BUY |
SMA 5 | 0.372294 | BUY |
SMA 10 | 0.364854 | BUY |
SMA 21 | 0.358793 | BUY |
SMA 50 | 0.352418 | BUY |
SMA 100 | 0.372934 | BUY |
SMA 200 | 0.461746 | SELL |
Period | Value ($) | Action |
EMA 3 | 0.356363 | BUY |
EMA 5 | 0.351428 | BUY |
EMA 10 | 0.346931 | BUY |
EMA 21 | 0.35115 | BUY |
EMA 50 | 0.371937 | BUY |
EMA 100 | 0.403778 | SELL |
EMA 200 | 0.435799 | SELL |
We can expect short-term consolidation or minor corrections based on the 1-day and 4-hour charts for Cardano (ADA). The 1-day chart indicates that ADA is overbought, with the RSI at 67.79 and approaching resistance around $0.404. The price is above the 20-day SMA, showing bullish strength but indicating potential resistance soon.
On the 4-hour chart, the MACD shows weakening bullish momentum, while the Balance of Power at 0.40 suggests neutrality. This combination indicates a likely short-term pullback before further upside potential, with possible support levels around $0.361.
Cardano’s recent decline is attributed to a lack of direction and utility, with many holders expressing frustration over stagnant price movements and minimal project engagement. The bearish trend is reinforced by technical indicators showing a weakening market, compounded by broader market conditions affecting cryptocurrencies overall.
Cardano (ADA) presents a mixed investment opportunity. It is a third-generation blockchain that aims to solve scalability issues and enhance security through its Proof-of-Stake mechanism. While some analysts predict significant price increases by 2030, others caution that it remains a high-risk investment due to the volatile nature of the crypto market.
Investors should consider their risk tolerance and research before investing, as Cardano’s future performance is uncertain and contingent on market conditions and technological advancements.
Cardano’s recovery prospects remain uncertain. Technical indicators show a bearish trend, with short-term and long-term moving averages declining. However, Cryptopolitan predicts potential price increases, estimating ADA could reach $2.56 by 2030, depending on market conditions and adoption rates.
Based on Cryptopolitan price prediction, Cardano is likely to reach $2 by 2030, with a forecasted range of $2.32 to $2.56. This projection is driven by Cardano’s continued technological advancements, growing adoption, strategic partnerships, and increasing market confidence, indicating a positive long-term growth trajectory for the cryptocurrency.
Current predictions for Cardano (ADA) suggest it will reach $3 in the long term. Forecasts for 2027 estimate a maximum price of around $1.58, with more optimistic long-term projections suggesting potential highs of $2.56 by 2030.
Since the all-time high of Cardano was around $3, breaking this point would require significant bullish momentum. While it is possible, the overall bearish sentiments regarding Cardano’s past performance can cause a lot of resistance. Hence, it is not likely to reach $5 in the near future.
Cardano (ADA) has the potential for a positive long-term future, primarily driven by its technological advancements and growing ecosystem. Predictions indicate that by 2030, Cardano could see significant price increases, with estimates suggesting a rise to around $3. The platform’s unique features, such as its focus on scalability and partnerships with various institutions, position it well for future adoption. However, its success will depend on overcoming challenges like regulatory scrutiny and developer engagement.
Cardano’s price prediction for September 2024 is estimated to be stable, with a potential low, average, and high all projected at $0.34, indicating minimal expected price fluctuation.
Cardano Price Prediction | Potential Low | Potential Average | Potential High |
Cardano Price Prediction September 2024 | $0.34 | $0.34 | 0.34 |
Cardano’s price prediction for 2024 suggests a potential low of $0.31, an average of $0.66, and a potential high of $0.75, reflecting possible price growth throughout the year.
Cardano Price Prediction | Potential Low | Potential Average | Potential High |
Cardano Price Prediction 2024 | $0.31 | $0.66 | $0.75 |
Year | Minimum Price | Average Price | Maximum Price |
2025 | $0.74 | $0.81 | $0.88 |
2026 | $1.01 | $1.14 | $1.24 |
2027 | $1.32 | $1.54 | $1.58 |
2028 | $1.32 | $1.54 | $1.58 |
2029 | $1.63 | $1.73 | $1.87 |
2030 | $2.32 | $2.49 | $2.56 |
In 2025, Cardano’s price is expected to see a modest increase, with a minimum of $0.74, an average of $0.81, and a maximum of $0.88. This suggests a steady upward trend, reflecting growing adoption and interest in the Cardano ecosystem as it continues to mature in the cryptocurrency market.
Cardano’s price forecast for 2026 shows a more significant growth trajectory. The potential minimum is $1.01, the average is $1.14, and the maximum could reach $1.24. This indicates increasing market confidence and potential expansion of its blockchain technology, driving further value and stability to its price.
By 2027, Cardano’s price is predicted to gain more strength, with a minimum of $1.32, an average of $1.54, and a peak of $1.58.
In 2028, ada price prediction shows stability at similar levels to 2027, with a minimum of $1.32, an average of $1.54, and a maximum of $1.58. This consistency could imply market maturity and a well-established user base, maintaining value between market dynamics and ongoing developments within the blockchain sector.
For 2029, Cardano is projected to experience further growth, with prices ranging from a minimum of $1.63 to an average of $1.73, and reaching up to $1.87. This reflects increasing utility, technological enhancements, and broader adoption.
By 2030, Cardano’s price could see substantial gains, with a minimum of $2.32, an average price of $2.49, and a potential high of $2.56. This significant increase represents optimism in Cardano’s long-term prospects, driven by sustained technological innovation, strategic partnerships, and widespread use cases in various sectors.
Firm Name | 2024 | 2025 |
Coincodex | $0.921 | $1.773 |
Changelly | $0.420 | $0.784 |
According to cryptopolitan predicts Cardano’s price will range from $0.31 to $0.75 in 2024 to $2.32 to $2.56 by 2030, indicating substantial growth driven by technological advancements, increased adoption, and strengthened market position within the evolving cryptocurrency landscape.