Cardano Price Prediction 2022 – Cardano Forecast 2022, 2023, 2025 & 2030

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Currently the seventh-largest cryptocurrency by market cap, Cardano has rocketed to prominence over the past few years. Due to its excellent peer-reviewed platform, Cardano looks set to be the foundation for many decentralised apps in the future – meaning great things for the crypto’s price.

In this article, we discuss our Cardano Price Prediction for the months and years ahead. We’ll explore Cardano in-depth, highlighting the elements that drive price and showing you where you can buy Cardano completely commission free!

cardano
cardano

Cardano (ADA)

Price
$ 0.559632

Cardano Price Prediction 2022

Later in this article, we will do a deep dive into our Cardano prediction 2022, covering the coin from a technical and fundamental standpoint. However, if you are looking for a quick Cardano forecast for the short term, this section will present our findings through an in-depth analysis of the coin’s future trajectory.

  • One Month – Cardano’s momentum has stalled since September 2021, with today’s price the result of a gradual decline. Due to this, we expect Cardano to consolidate around the $1.25 region over the coming month.
  • Three Months – However, once the broader crypto market picks up again, we should see the ADA price follow suit. With that in mind, we project that Cardano could reach the highs of $2.30 over the next three months.
  • End of 2022 – Before the end of 2022, we will likely see some consolidation before another upwards push. With this in mind, our Cardano prediction for 2022 has the coin valued at around $3 if the resistance level around $2.30 can be broken.

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Cardano Price History – The Story of 2021 cardano logo

To kick off our Cardano price prediction, it’s essential to look back and see how we arrived at this point. This process is an important aspect of investing, as it ensures that any investment decisions are well informed. But first, let’s briefly overview what Cardano is before looking at the coin’s price history.

Cardano is a public blockchain platform that allows 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 began coming to fruition in 2015 and was officially launched in 2017.

Notably, Cardano is very similar to the Ethereum platform because it can facilitate the development and deployment of decentralised apps (dApps). However, Cardano’s developers 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.

cardano blockchain

Not many people were looking to buy Cardano UK until late 2020 when momentum started picking up in the market. Between the beginning of 2021 and May 2021, the Cardano price live rose by a remarkable 1299%. Much of the hype surrounding Cardano was derived 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 over others.

However, in late May 2021, the hype died as Cardano (along with most of the altcoins in the cryptocurrency market) experienced a significant downturn. The coin dropped around 58% over the following months, finding a support level at $1. Notably, the Cardano price tested this support level three times and never broke through – this implies that investors still believed that Cardano has value, even though the crypto market was in freefall.

cardano price chart

Everything changed in July 2021 as the Cardano price began picking up momentum. Much of this was attributed to the rumours surrounding Cardano’s smart contracts upgrade, announced for September 2021. Since the rumours started, Cardano’s price increased by 141% in just a few weeks.

Logically, this is most likely investors pricing in the upgrade before it’s launched – but either way, the price increase was fantastic for people who were speculating on Cardano’s current price. However, price did peak in September 2021 and has proceeded to fall by around 60% to today’s price of $1.23. Notably, the bearish momentum does seem to be slowing, which hints at a potential reversal in the near future.

Cardano Price Forecast

A key element of our Cardano stock forecast is understanding the technical and fundamental factors that could drive price in the future. This is a necessary process to complete when you consider how to buy cryptocurrency, as it ensures any investment decision is well informed. With that said, the sections below present the technical and fundamental components of our ADA price prediction.

Technical Analysis

Much like when you buy stocks, it’s crucial to analyse the price chart to determine where the price could go in the future. We’ve studied the chart in-depth through our Cardano forecast and noticed some interesting patterns that could play out in the future. As you can see currently, the Cardano price is trapped in a downwards channel patter, with lower-highs and lower-lows being formed regularly.

cardano technical analysis

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Price does seem to be struggling around the $1.20 level, which did prove to be a hard level to break in mid 2021. The ADA price did reject the level in December before returning for another attempt, although price seems to be rebounding from here once more. Ideall we’d like to see some sustained upwards momentum now to ‘confirm’ the reversal.

In the future, our Cardano price prediction is very optimistic. Having shown incredible bullish momentum before, there’s always scope to return to the previous highs that have been posted. For that to happen, Cardano’s price would need to break out of this descending channel to the upside, which would be signified by a strong close outside of the pattern on the Daily or Weekly timeframe. Time will tell whether this happens, so it’s key to keep an eye on this coin as we progress through 2021.

Fundamental Analysis

Another aspect of our Cardano prediction is fundamental analysis. Much like when you buy Ethereum UK, an investment in Cardano is an investment in the Cardano blockchain. As noted earlier, Cardano’s platform looks to market itself as an upgrade on Ethereum’s – making it a more attractive prospect for companies.

One of the most appealing things about Cardano is the way that staking works. The people who own ADA coins on the network are the ones who validate the transactions – and due to this, they can earn ‘interest’ on their holdings. People who own large amounts of Cardano can operate a ‘stake pool’, making them over 6% interest per year, whereas smaller holders can offer their tokens to an existing stake pool and earn a return. This process is attractive to investors, as it allows them to generate a passive income stream, just through holding Cardano.

Over the long term, our Cardano forecast estimates that many more companies will adopt Cardano’s platform. Right now, Ethereum is still the most marketable and well-known platform, so Cardano does have stiff competition in that regard. However, due to the peer-reviewed nature of Cardano’s platform, it’s likely that larger companies may gravitate towards Cardano instead of alternatives – which would boost the user base and have a knock-on effect on ADA’s price.

Cardano Price Prediction 2025 – Long Term Outlook

So, now that you know the fundamentals of Cardano, our focus turns to the coin’s long-term outlook in our Cardano price prediction 2025. As noted earlier, Cardano’s proof-of-stake algorithm looks to better the current algorithms used by Bitcoin, Ethereum, and Litecoin, making Cardano much more energy efficient. This aspect will appeal to eco-conscious investors, as an article by Forbes noted that Bitcoin represents 0.51% of the world’s total energy consumption – the same as a small country! Cardano’s PoS algorithm also has the added benefit of making the network more attractive to larger companies too, as they will want to partner with an environmentally responsible platform. Essentially, this turns out to be a win-win for Cardano.

cardano market cap

The Cardano’s ‘Alonzo’ upgrade now allows the network Cardano to host smart contracts. These smart contracts remove the need for an intermediary, meaning they can be used in a limitless number of scenarios. Removing the intermediary in certain transactions is said to be much safer and prevents data from falling prey to cyber-attacks. Ultimately, this makes the platform much more appealing to decentralised application (dApp) developers.

With all of that said, the future looks exceptionally bright for this coin. Our Cardano price prediction 2025 sees the coin head towards the $10 mark. This may seem like a big prediction to make, given that the coin is hovering around $1.23 at present. However, the underlying technology that Cardano uses looks set to make their platform the go-to for companies as we advance.

cardano ecosystem

Finally, following on from our Cardano price prediction 2025, next up is our Cardano price prediction 2030. Our Cardano price prediction 2030 estimates that the ADA coin will be worth a remarkable $15 by this point. This would represent an increase of over 1100% from today’s price, meaning exceptional returns potential for investors. So, if you are happy to take some risk speculating on this coin, it’s very likely to pay off in the years to come.

Cardano Price Chart

As you can see from our Cardano price prediction above, we are highly optimistic about this coin’s future prospects. Although the price chart below showcases the coin’s downtrend, momentum does seem to be slowing. If we see a reversal here, it may be a great time to invest in Cardano while the coin is trading at a discount!

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The key point to keep an eye on is the $1.50 level. This level is a round number and will represent a strong psychological barrier to break. Furthermore, the ADA price did reject from here in December 2021, making it a sold resistance level.

If this level was broken to the upside, then we could essentially say that the reversal has been ‘confirmed’. If this break was combined with some exciting news about the Cardano platform, such as a bold partnership with a top company, then the combination of technical and fundamentals could mean rapid price increases. Ultimately, now is the time to be patient and wait for the price chart (and the news) to dictate Cardano’s next move.

Where to Invest in Cardano

Throughout this article, we’ve touched on the various aspects that drive Cardano’s price, ensuring you have all the information you need to make an effective investment decision. However, it’s also essential to analyse the best trading platforms that offer Cardano as a tradeable asset. Due to the coin’s popularity, many brokers and exchanges offer Cardano now – so it can be tough to choose which one to go with.

Not to worry – we’ve completed the required research and testing and found that eToro offers the best platform to buy Cardano. First and foremost, eToro is regulated by numerous top tier entities, including the FCA, ASIC, and CySEC. As eToro is so heavily regulated, users are very well protected when trading the crypto market. Furthermore, eToro offers FSCS protection for UK-based users, ensuring that funds are protected up to a total of £85,000.

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One of the main reasons we rate eToro so highly is because you don’t have to pay any commissions when you place a trade. This is in contrast to many other CFD brokers who tend to charge a percentage of your position size as their fee. Aside from commissions, eToro also don’t charge any deposit fees or monthly account fees – allowing you to trade in a low-cost manner.

In terms of deposits, eToro accept payments made via credit/debit card, bank transfer, and various e-wallets – including PayPal! The minimum deposit threshold is only $10 (£7.30), meaning that users of any income level can trade on the platform. If you are a beginner, you can even use eToro’s free demo account for a risk-free trading experience!

Finally, eToro offers various useful features, including their famed CopyTrader feature. This allows you to automatically copy the trades made by other eToro users – which is ideal if you don’t have enough time to be at the charts all day. All of these factors combine to make eToro our number one recommendation when it comes to platforms for buying Cardano.

Cardano Price Prediction – Conclusion

As this article has highlighted, the potential that Cardano has right now is enormous. The bullish momentum showcased in 2021 can be seen as just the beginning for this crypto, meaning there is much more upside to benefit from in the months and years ahead. The real-world use cases for Cardano’s platform makes the coin a tremendous speculative investment, regardless of your experience level.

So, if you’d like to buy Cardano today, we’d recommend using eToro. eToro is one of the safest places to invest in cryptocurrencies, offering regulation from the FCA, ASIC, and CySEC. What’s more, eToro does not charge any commissions when you place a trade – making them one of the most cost-effective places to buy Cardano!

 

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About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.