Cardano's team works hard to create new possibilities on the network and this is reflected in the exchange rate. Right after the Corona crash in March 2020, you could buy ADA for just $ 0.03. Fast-forward to August 2021: the exchange rate has nearly increased tenfold, with a price of $ 2.61.
But what are our expectations for the future? In this article, we'll look at the future and projections for Cardano.
Is now a good time to buy Cardano? Below we give you the short-term forecast by Tradingview:
Cardano price prediction for the next few years
What do we expect the next few years? Below you can read the long-term projections based on the analysis of Coinpriceforecast.
Cardano price prediction 2022
This year, Cardano will continue along the same course where 2021 left off. In the first few months, ADA will increase steadily according to analysts, and the exchange rate will rise slowly to $ 3.79. After that, things will go more quickly. Cardano will conclude the year with a price of $ 4.93.
Cardano forecast between 2023 and 2025
Cardano will keep scoring hits in the years after that. Already in the first half of 2023, analysts expect ADA to break through the psychological barrier of $ 5. December of that year will also be a month to celebrate for Cardano, when the exchange rate hits $ 7.13. The year after, ADA will steadily continue to climb, reaching a price of $ 8.78 by December 2024. The next milestone of $ 10 is reached in 2025.
|Year||June||December||% compared to the start of 2021|
|2023||€ 6,04||€ 7,13||4.683%|
|2024||€ 8,20||€ 8,78||5.790%|
|2025||€ 9,77||€ 10,75||7.112%|
|2026||€ 11,72||€ 12,68||8.407%|
|2027||€ 13,48||€ 14,41||9.568%|
|2028||€ 12,45||€ 13,20||8.756%|
|2029||€ 13,94||€ 14,68||9.749%|
|2030||€ 15,41||€ 16,14||10.728%|
|2031||€ 16,87||€ 17,59||11.701%|
|2032||€ 18,31||€ 19,03||12.667%|
|2033||€ 19,74||€ 20,45||13.620%|
Historical price analysis of Cardano
Plans for Cardano were already ready om 2015, and the coin ADA was marketed through an ICO. ICO stands for Initial Coin Offering, a kind of crowdfunding for crypto projects.
Cardano brought in 53 million dollars this way and ADA has been tradable since 1 October 2017. It wasn't long before Cardano was tradable on all major crypto exchanges. By the end of November 2017, ADA had already reached 0.10 dollars. That doesn't sound like much, but it's five times the price of mid-October.
At the start of January 2018, ADA reached its first milestone, at a value of nearly 1 dollars. But it didn't last long, because that year all cryptocurrencies lost a considerable portion of their value. Such a long period of price drops is called a bear market. ADA was also not able to escape this bear market.
Cardano started off 2019 with a blast. The exchange rate went up to 0.08 dollars in April. After July, the price of ADA went downhill. On Wednesday 18 December, it hit the rocky bottom of 0.02 dollars.
Cardano started off the year well: on Saturday 16 February, the coin brushed the 0.06 dollar price level. But the Coronavirus Pandemic spoiled things, and the exchange rate dropped to 0.02 dollars on Friday 13 March. In hindsight, this would have been a great time to buy, as Cardano closed the year with an exchange rate of 0.15 dollars. The highest price since 2018!
Will Cardano rise in 2022 - 2025 ?
Prefer to watch a video? Check the projections for Cardano for the next few years here.
ADA is a promising coin, but be mindful that the crypto market is very volatile. That's why you should never invest more than you're prepared to lose. We also recommend you do your own research as well. Good luck!