Cardano Price prediction 2023 - 2026
- 6 minute read
In "Cardano price prediction 2023-2026", we take a closer look at the Cardano price, one of the largest cryptocurrencies in terms of market cap. In this article, we analyse the price history and find out what you can expect from Cardano in 2023.
Table of Contents
- What is Cardano?
- Cardano Price Chart
- Cardano Price History
- Cardano Fundamentals 2023
- Cardano price prediction 2022
- Cardano price prediction 2023
- Cardano price prediction 2024 , 2025 and 2026
- How do you do your own research on Cardano?
What is Cardano?
Cardano is a decentralised proof-of-stake (PoS) blockchain platform. PoS allows users of the network to generate a passive income by helping the platform validate new transactions. On Cardano's network, this is 6% per year, and all you have to do is hold Cardano's coin, also named ADA coin, in your wallet. The blockchain recently supports smart contracts. Thanks to Cardano's smart contracts, various decentralized applications ( dApps) can be built on Cardano's network.
In addition to the many dApps that Cardano intends to facilitate in the future, they are also focusing heavily on improving scalability, interoperability and sustainability. With scalability, Cardano focuses on scaling up the transactions that can be carried out simultaneously on their network. The aim is to be able to scale up infinitely, so that in the future Cardano can handle up to millions of transactions per second, at the lowest possible transaction costs.
With Interoperability, Cardano focuses on successful communication between the thousands of blockchains that currently exist and will continue to be added. In the future, Cardano hopes to use sidechains to enable all blockchains to communicate successfully with each other.
In terms of sustainability, Cardano wants to continue to provide crypto projects that launch on the network with development funding. It happens regularly that a crypto project is started, but is not further funded, causing the project to stagnate. By means of a treasury that is supplemented by transactions on the Cardano network, projects can be financed.
Cardano Price Chart
Cardano Price History
The history of theCardano price starts from 2017, because that is when ADA was first traded. Within a short period of time, Cardano has taken a position at the top of the cryptocurrencies. Below is an analysis of the price of ADA from 2017 until 2022.
Cardano price 2017
Cardano landed on the crypto market during 2017. The cryptocurrency industry was in that time in the middle of a bull run. Many cryptocurrencies rose by hundreds to thousands of percent during the year. Cardano, which was only traded in October that year, also experienced an enormous price increase. Within two months, the price of 1 ADA rose from less than 0.03 dollar cents to 1.15 dollars.
Cardano price 2018
On January 6, 2018, ADA was worth an incredible $1.15. Investors thought that the cryptocurrency market was indestructible and that it would rise even further. This turned out to be a huge misconception. The crypto market collapsed like a house of cards and an enormous correction was also suffered by ADA. During 2018, Cardano lost 95% of its value. At the end of the year, its value was dangling around $0.02 cents, the same value at which ADA first traded at the end of 2017.
Cardano price 2019
2019 was a fairly irrelevant year for Cardano in terms of price. ADA's value moved between 0.03 and 0.10 dollar cents during the year. These are relatively very low fluctuations in the volatile cryptocurrency market.
Cardano price 2020
In 2020, the situation changed for Cardano, and the entire cryptocurrency market. Sentiment around crypto started to pick up and slowly people started to invest again.
In March that year, ADA's growth was briefly held back (by covid-19) but the market soon picked up again. ADA was worth more than 10 cents again for the first time in two years. ADA closed its price at 18 cents.
Cardano price 2021
At the end of 2020, sentiment for another bull run began to emerge. The market recovered from the covid-19 crash in March much faster than expected. This "bullish" sentiment converted into a true price increase of Cardano in 2021. The ADA price rose from $0.17 cents to over $2.30 in a few months. In May of 2021, Cardano, like the rest of the market, underwent a correction. It has since recovered and Cardano now has an all-time high of above $3.
Cardano price 2022
2022 is not a good year for the Cardano price and the crypto world. Cardano opened the year with a ADA price of $1.32, but has fallen to $0.31 per ADA by the end of 2022. This a drop of 76.5%. This has everything to do with the status the entire market is in. In 2022, the market is in a bear market, meaning in a downtrend. The bear market is making a big impact on crypto providers. For instance, a number of exchanges have already collapsed as they faced liquidity problems. A bitter pill that has damaged confidence in the market considerably. In addition, inflation and rising interest rates worldwide have not proved positive for financial markets like the crypto market.
Cardano Fundamentals 2023
Cardano's price for 2023 depends on various factors. Fundamental factors are very important. Some of the most important fundamental factors for Cardano are as follows:
Cardano's Roadmap developments
The Cardano roadmap is a summary of Cardano's development and consists of five phases, named Byron, Shelley, Goguen, Basho and Voltaire. The phases are completed in chronological order and all ensure that Cardano's blockchain continues to improve.
The completion of Goguen
The update Goguen, was completed in August of 2021. Several updates were released that fell under the Goguen phase. These updates have repeatedly shown to have a positive effect on Cardano's price. In particular, the second-to-last update called Alonzo had a major effect on the price. Cardano reached a new all-time high around that time and the ADA coin was worth around $3.
The still ongoing Basho
In September 2022, the Vasil update was implemented which was important for the fourth phase of the roadmap, namely Basho. The Vasil update was a hard fork that increase the capacity and speed of the Cardano network and is considered the most important part of Basho. In addition, the Vasil update made the network more user-friendly for developers. The update consists of the implementations of four CIPs (Cardano Improvement Protocol) that clear the way for the next phase of Basho called ''Diffusion pipelining''. This update will improve the block propagation of the nodes, improving the scalability of the Cardano network. It is not yet known when the Diffusion pipelining update will be implemented, but in all likelihood we can expect the update somewhere in 2023
The Vasil hard fork did not impact the price of Cardano. This has everything to do with the status of the market at the time the update was performed. In fact, the market was in a bear market at the time the update was made. So far, Cardano has not been able to profit as the bear market continues.
Cardano believes it is important to have a strong community, so they put a lot of energy into growing the ever-expanding community. On Cardano's Reddit page, r/cardano, almost 650 thousand people are connected. The community on that platform discusses and communicates all things related to Cardano.
The fact that Charles Hoskinson, the founder of Cardano, frequently communicates with his followers via YouTube streaming, also shows that the community is of great importance to Cardano. In these streams, he discusses a variety of subjects and answers questions from the viewers.
Cardano's huge community has caused the price to rise several times in the past. Everywhere on the internet you can find positive statements and news about Cardano. It is therefore important for Cardano to continue to meet the needs of their community.
Cardano will therefore have to make real strides with the development of their blockchain. In fact, last year there was slight irritation among the community because Cardano had once again delayed a number of updates, thus delaying the completion of the Goguen phase.
The crypto market
Like all cryptocurrencies, Cardano is also dependent on the crypto market. Should the crypto industry enter a bear market, Cardano will sooner or later participate in this financial malaise, if the price history of 2018 and 2019 is to be believed. In these years, ADA's share price fell to record lows, as did the entire crypto market.
Cardano price prediction 2022
Cardano has become one of the largest cryptocurrencies in the world in terms of market value during 2021. In addition, their blockchain technology is in full development, upgrades are regularly released that greatly improve blockchain, and the NFT marketplace is poised for full growth in 2022. All these events lead to different price predictions from various individuals and agencies.
The first Cardano price prediction for 2022 that we are discussing is from TradingBeasts, a Price Forecasting Agency. By the end of 2022, they predict that Cardano will have a minimum price of $0.57 and a maximum ADA price of $0.84.
Changelly is another price prediction agency. They predict that Cardano's price will fluctuate between $0.59 and $0.70 in 2022, with an average ADA price of $0.61.
DigitalCoinPrice has also a Cardano price prediction for 2022. They expect Cardano to trade between a minimum price of $0.41 and a maximum ADA price of $0.69 in 2022.
|TradingBeasts||2022:||$0.57 - $0.84|
|Changelly||2022:||$0.59 - $0.70|
|DigitalCoinPrice||2022:||$0.41 - $0.69|
When looking for a Cardano price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile. This makes it difficult to accurately predict what the price of a coin will be in a few hours, and even more difficult to provide a long-term projection. As such, analysts and algorithm-based forecasters can get their predictions wrong.
Looking back at the year 2022, the companies' predictions have not come true. At year-end, ADA continues to hover around a price of $0.30 per ADA. This is far below the expectations of Tradingsbeasts, Changelly and DigitalCoinPrice.
Cardano price prediction 2023
Is Cardano a good investment for 2023? To find out whether Cardano is a good investment to buy in 2023, or for the long term, you will have to use your own research to find out. Nevertheless, we want to give you some tools.
We have covered this in previous blogs. How can Cardano not deliver on its expectations? Cardano's high expectations do come true based on the recent Alonzo and Vasil hard forks, but we do not see this reflected based on the price action. Timing is the biggest cause of this. The market is in a bear market and this has prevented Cardano from meeting expectations on the basis of price. Still, you can be very hopeful about Cardano. The fact that so far (with some delays) they are sticking to the roadmap and that promised updates are being released means that the developers are working hard on the future of Cardano. Still, Charles Hoskinson is facing frustrations from the community because developments are released too slowly. This has everything to do with reliability and accuracy. This is because Cardano wants to release quality and that takes time. Charles Hoskinson regularly reports this in his videos and livestreams that he posts on his YouTube channel.
That Cardano has a strong community can be seen from activity on the network. Indeed, the network is the most popular blockchain network for developing software. Statistics show that the network is sometimes twice as popular as Ethereum's network. Based on the network's popularity, the community feels that Cardano is undervalued and they are convinced that the Cardano price will skyrocket in the next bull run. Although it does not look like the next bull run will happen in 2023, it is never ruled out. You can read how to spot a bull run here.
Despite doing an ADA price prediction is almost impossible, there are companies that do it anyway based on alogrithms. Below, we have outlined what the Cardano price prediction is according to TradingBeasts, Changelly and DigitalCoinPrice:
|TradingBeasts||2023:||$0.42 - $0.62|
|Changelly||2023:||$0.45 - $0.55|
|DigitalCoinPrice||2023:||$0.65 - $0.78|
Cardano price prediction 2024 , 2025 and 2026
These agencies can make price predictions for several years thanks to algorithms. Based on their predictions, we have listed the price predictions from 2024 to 2026.
Tradingsbeasts' Cardano price prediction for 2024 and 2025
TradingBeasts, based on their algorithm, expects that the ADA price will slowly rise in 2024. Throughout 2024, they do a Cardano ADA price prediction of a price that fluctuates between $0.46 and $0.68. The peak of $0.68 is anticipated towards the end of 2024. For 2025 they also do a ADA price prediction. The price is predicted to rise slightly further, fluctuating between $0.57 and $0,84. The peak in 2025 is also anticipated at the end of the year. They have not yet made a prediction for 2026.
Changelly' Cardano price prediction for 2024, 2025, 2026
Based on previous analyses, Changelly predicts that Cardano's price will be a minimum of $0.65 and a maximum of $0.77 in 2024. This price will further increase to a minimum price of $0.96 and a maximum price of $1.12 in 2025, according to the price forecasting agency. Subsequently, for 2026, they also do a Cardano price prediction. They think Cardano will witness a bigger rise in 2026. Thus, they expect that ADA is predicted to be $1.43 and the maximum price could even reach $1.67.
DigitalCoinPrice' Cardano price prediction for 2024, 2025, 2026
DigitalCoinPrice also do a Cardano price prediction for 2024, 2025 and 2026. They predicts that te ADA price will not rise dramatically in 2024. The price of Cardano will not fluctuate much during the year and the minimum price is predicted to be $0.65 and the maximum price $0.78. This maximum price is anticipated at the beginning of the year according to DigitalCoinPrice. For the Cardano price prediction in 2025, the Cardano price is predicted to fluctuate between $1.16 and $1.38. The peak of this price is expected in the summer of 2025. Finally, a no further increase is predicted in 2026. The minimum is the same as in 2025 and also the maximum price will be the same as in 2025.
Below, we summarise the price expectations of Tradingbeasts, Changelly and DigitalCoinPrice.
Cardano price prediction 2024
|TradingBeasts||2024:||$0.46 - $0.68|
|Changelly||2024:||$0.65 - $0.77|
|DigitalCoinPrice||2024:||$0.65 - $0.78|
Cardano price prediction 2025
|TradingBeasts||2025:||$0.57 - $0.84|
|Changelly||2025:||$0.96 - $1.12|
|DigitalCoinPrice||2025:||$1.16 - $1.38|
Cardano price prediction 2026
|Changelly||2026:||$1.43 - $1.67|
|DigitalCoinPrice||2026:||$1.16 - $1.38|
Again, price predictions of cryptocurrencies remain extremely difficult due to the extremely volatile market. Therefore, do not take these price predictions for truth. If you are considering investing in Cardano, we recommend you to always do your own research. Check out the latest Cardano crypto news, market trends, technical and fundamental analysis, and expert opinion before making a trading decision. Keep in mind that past performance is no guarantee of future returns. And never invest money you can't afford to lose.
How do you do your own research on Cardano?
You can do your own research on whether it is interesting to buy Cardano in the near future for short term or to buy for long term.
Buying Cardano in the short term
How do you research whether the ADA price might rise in the short term? A good way to find out whether it is interesting to buy Cardano in the short term is by performing a technical analysis. In a previous blog, we explain how to use price trends, support and resistance levels and technical indicators to perform a technical analysis.
Buying Cardano for the long term
To find out whether it makes sense to invest in the Cardano blockchain for the next five years, performing a fundamental analysis is an option. A fundamental analysis allows you to draw conclusions whether the Cardano blockchain is undervalued based on on-chain data and underlying value of the Cardano Foundation. An increase in the number of transactions on the network and a marked increase in wallet addresses can be an indication that a cryptocurrency is undervalued.
Technical analysis can also be used to make long-term predictions for the ADA price. On this basis, you can determine whether investing in Cardano is interesting for the long term. However, always keep in mind that the value of Cardano is highly dependent on the status of the market.
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