Cardano (ADA) Price Prediction for 2023, 2024, 2025, and 2030. Will ADA hit $100?

Cardano (ADA) is becoming famous as the sleeping giant of the crypto market these days. The reason is its potential to disrupt the dApp development space by competing with key contenders like Ethereum and Solana. Multiple analysts have hinted that ADA can be the secret wildcard of the next bull run by scoring unexpectedly high gains.

How much of it is true?

We will find out in this ADA price prediction blog below. We will delve into multiple factors that can affect ADA prices in the upcoming time to estimate the possible ADA price prediction for 2023, 2024, 2025, and 2030. As we wrap up, we will address the golden query – Will ADA hit $100?

To begin with, let’s have a quick overview of this cryptocurrency.

What is Cardano (ADA)?

Cardano is a popular proof-of-stake blockchain like Ethereum. Developers use it to build and deploy custom Smart contracts or create dApps. It is named after a medieval Italian scientist, Gerolamo Cardano.

ADA is the native currency of the Cardano network. The ticker, 'ADA', represents the first three letters of Ada Lovelace, “the first programmer” in history. You can use ADA coin to pay the network fees, participate in the staking consensus, and vote on new proposals related to any updates in the Cardano network.

The total supply of ADA is 45 billion. 78% of this supply has come into circulation through presales, public sales, and staking rewards. The initial ADA distribution is - 57.60% for ICO, 11.50% for the team, and 30.90% for staking rewards.

What sets Cardano apart from its competitors is the research-based approach it uses in protocols. Charles Hoskinson (one of the Ethereum co-founders) and Jeremy Wood (a crypto entrepreneur) co-founded it in 2017. They incorporated peer-reviewed research based on Ouroboros Proof of Stake consensus in Cardano, making it the first-ever blockchain built through peer-reviewed research. A team of researchers comprising cryptographers and computer scientists has reviewed this mechanism.

Ouroboros is a PoS protocol that provides PoW-level security to a blockchain at a fractional energy cost and faster speed. It divides a blockchain into time frames with multiple time slots. Each time slot has a leader selected randomly from the group of network nodes. This leader validates transaction blocks in the Cardano network for that specific timeframe and adds them to the blockchain. When the time frame ends, the previously selected leader elects another leader for the next time frame.

Haskell, the programming language of Cardano, is best known for its proven high security and reliability. Some of the world’s most prestigious security systems, including banks and military networks, use this programming language.

Let’s look at its price history to understand how ADA has performed.

Cardano (ADA) Price History

ADA was launched in 2017 after a public sale that began in 2015. A third-party company organized this public sale and released 25.9 billion ADA tokens through vouchers. Participants who owned these vouchers could redeem them for ADA tokens after the launch of the Cardano protocol in 2017. The project also organized an Indian coin offering (ICO) of 5.2 billion ADA tokens to raise $60 million. A vital portion of the token owners in this offering was Japanese, which got Cardano the name “Japanese Ethereum”.

ADA started trading at $0.02 at the end of 2017. Instantly after the launch, the token skyrocketed and hit an ATH of $1.04 by the first week of 2018. The critical cause was its popularity and the ending of the famous 2017 crypto bull run. The developers behind Cardano promised to solve the biggest problems of crypto projects, such as scalability and security, through the research-based approach.

However, once the crypto crash of 2018 hit the market, ADA suffered along with all other cryptocurrencies, resulting in a continuous price drop for the next two months. Consequently, by the end of March, the ADA price dropped to $0.144. ADA price stabilized for some weeks but resumed its downward trend for the rest of the months. By November, it lost all gains by falling to $0.043. Since then, ADA has made several failed attempts to recover. In June 2019, the token faced a big sell-off, making it lose even small gains.

ADA gained its first significant breakout almost a year later in July 2020, when its price surged 85% in only ten days, taking over Bitcoin SV to become the sixth biggest crypto by market cap. This surge came mainly due to the new Shelley upgrade in the Cardano ecosystem. This upgrade made Cardano 50 to 100 times more decentralized than its predecessors. It also introduced an incentive feature for those who stake ADA tokens to support the Cardano network's Proof of Stake consensus-based operations. The fast growth of DeFi space and the demand for platforms like Cardano also contributed to this event when Cardano hit its one-year high value of $0.1021.

The following year started with a new bull market, igniting a price boost for all significant cryptocurrencies. By mid-May 2021, ADA hit a new high of $2.46. Followed by a brief correction in June and July, it shot even higher and hit its all-time high of $3.10 on September 2, 2021. However, The token experienced a decline in the last quarter of 2021 as the bull market started to end. The decline became even more steep in 2022, which proved to be one of the strongest bear markets in the history of crypto. The Terra LUNA collapse, and FTX scam in 2022 made ADA lose most of its gains. On September 22, 2022, Cardno underwent a Vasil hard fork upgrade, making Cardano cheaper, faster, and more efficient by introducing protocol changes. However, the upgrade did not have any significant positive impact on ADA price. The token ended the year 2022 at $0.24.

In 2023, ADA made some recovery in the initial quarter when its price nearly doubled to $0.42. But the rest of the months until November have gone without significant price breakouts.

It is the story of ADA to date. However, the real fun lies in predicting the future. So, let’s do that for ADA.

Cardano (ADA) Price Prediction for December 2023 in INR and USD

Cardano (ADA) has no update or launch scheduled for December 2023. Thus, its price moment for the last month of this year will depend on the trajectory of the crypto market and overall market sentiments. If we look at its performance this year, ADA has displayed a year-to-date surge of 52.1%. That makes it a good-performing crypto this year. The recent market movement of this crypto shows that it had 19 green days out of 30 days, indicating that bullish sentiments around it are 63%. It also means that the fear-greed index of investors for ADA currently lies in the greed territory, where investors opt for bullish trades. It is a positive sign for ADA in terms of price.

The emerging optimism of the industry due to the highly anticipated Bitcoin Spot ETFs can also fuel the ADA price in December if the SEC gives approval or a hint of approval to the ETF requests.

A crypto analyst, Ali Martinez, recently tweeted that ADA formed a consolidation pattern called “eerily mirrors” from 2018 to 2020, excluding the COVID-induced market crash. That indicates that ADA is likely to surpass the resistance level of $0.45 in the initial days of December. If that happens, he predicted ADA would hit $0.75 by the end of December.

He further informed his 33,800 followers on the X platform that 166,470 wallets bought 4.88 billion ADA worth over $1.85 billion when trading between $0.37-0.38, indicating that ADA is currently at a “key demand zone”. He stated that ADA could soon make a new yearly high with minimal resistance and solid support. However, Ali also warned investors to watch the current support levels of ADA. He stated that if the currency fails to retain its support level, ADA could experience a brief price correction to $0.34.

According to the data published by IntoTheBlocks a few weeks ago, approximately 36% of ADA holders were in a profitable position. Comparing it with previous data reveals that ADA has experienced an upward price trend in the past few weeks, which can continue in the next few weeks. Moreover, the on-chain data of the token has also shown that there has been a slight increase in the number of active wallet addresses holding ADA. The transaction volume, total value locked in the protocol (TVL), and the number of ADA transactions have also shown a good improvement compared to the previous numbers. It is a positive sign that the token is recovering from last year's market crash.

Analyzing all these factors, our ADA price prediction for December 2023 is $0.83 maximum, $0.32 minimum, and $0.65 average.

If we talk about ADA price prediction for 2023 in INR, it would be 69.16 INR maximum, 26.67 INR minimum, and 54.16 INR average from our side.

Cardano (ADA) Price Prediction for 2024 in INR and USD

2024 is the year of 4th Bitcoin halving. Historically, the years of Bitcoin halving are the preparation period for a new bull market. Thus, we can expect ADA to follow the same recovery in 2024.

If we talk about its internal factors, many experts believe that ADA can enter its final phase, Voltaire, by 2024. From the beginning of its creation, the developers behind Cardano have divided its development into five phases or eras, each focussing on a critical aspect of the Cardano protocol. Out of them, Voltaire, the last era, focuses on governance with two key pieces - a new governance system and a new treasury system. It aims to make Cardano a self-sustaining decentralized system.

Voltaire will set the Cardano Improvement Proposal 1694 (CIP-1694) in motion, which suggests an inclusive governance system for Cardano. This system is known as “Minimum Viable Governance”, with three categories of voters. First will be the delegate representatives with voting rights directly proportional to the number of ADA they stake in the Cardano protocol. Next up would be the Constitutional committee members, who all will enjoy equal voting power. The third group, Staking pool operators (SPOs), will have voting power proportional to their role in the Cardano staking mechanism.

All these groups will have different jurisdictions and rules to reach a consensus. For instance, only the delegate representatives will vote on decisions related to the update of the Cardano blockchain. Similarly, the other two groups will also have specified jurisdiction criteria. Such explicit voting criteria and rights declaration will improve the network's staking and delegation process.

Apart from it, the Voltaire era will also introduce a treasury system for Cardano. Under this system, a fraction of all transaction fees collected through ADA transactions will fund the development activities related to Cardano. Once this upgrade comes into motion, Cardano will no longer need third-party supervision. Instead, the community will have direct control over its development and upgrades. Cardano will share more details about this update soon.

Considering these exciting upgrades, many analysts believe ADA could be one of the best-performing crypto assets in 2024. Founder of Crypto Capital Venture, Dan Gamberdello, shared that ADA could hit the $11 mark shortly after BTC halving (scheduled for April 2024). One self-proclaimed Twitter expert, Ali, also shared a technical chart indicating that ADA could achieve a $10 price by the summer of 2024. He suggested this prediction because Cardano mirrors the 2018 to 2020 consolidation phase.

However, hold your horses before going all bullish for ADA, as unforeseen black swan events in the coming year can potentially disrupt the current upward rally of ADA. The recent event of Binance's CEO stepping down from his position and facing money laundering accusations has shown that crypto mishaps can still happen.

Considering all these factors, our ADA price prediction for 2024 is $2.32 maximum, $0.93 minimum, and $1.02 average.

The exact ADA price prediction for 2024 in INR from our side is INR 193.26 (maximum), INR 77.47 (minimum) and INR 84.97 (average).

Cardano (ADA) Price Prediction for 2025 in INR and USD

Most crypto analysts agree that the possibility of 2025 will be the harbinger of the next bull run for crypto. The reason behind it is the market cycle where the bull run occurs every next year after bitcoin halving. For example, the last bull run came in 2021, the year after the third bitcoin halving of 2020. Previously, the bull run came in 2017, the year after the second bitcoin halving of 2016. Since the next bitcoin halving will be completed in April 2024, the year after it, 2025, is expected to bring another bull run. If it goes like that, ADA will likely break its previous ATH of $3.10 and make a new one in 2025.

The DeFi space's development and rising crypto adoption would further escalate the ADA price. If bitcoin spot ETFs get approval in 2024, chances are high that adopting altcoins like ADA, MATIC, and SOL would also boost simultaneously. It is because Bitcoin Spot ETFs by key financial players would bring the attention of institutional investors in the crypto market. Once this happens, crypto popularity will increase by leaps and bounds, taking prices of top altcoins to new highs by 2025.

Despite this possibility, we must recognize that ADA has to compete with multiple projects serving similar use cases to stay relevant for developers and investors. If Cardano can keep updating its protocols per the market challenges and needs, we will only see the expected price surge in its native token, ADA. So far, it has undergone multiple upgrades with a success rate.

Given all these factors, our ADA price prediction for 2025 in USD lies between $7.47 and $3.50, with an average price of $5.56.

The exact ADA price prediction for 2025 in INR lies between INR 622.28 and INR 291.56, with an average price of INR 463.17.

Cardano (ADA) Price Prediction for 2030 in INR and USD

By 2030, Cardano will likely complete many pending upgrades to become a highly decentralized and self-sufficient network. It will help Cardano become one of the most reliable platforms for DeFi development.

According to the Grand View research report, the global DeFi market size is expected to grow at a CAGR of 46.0% from 2023 to 2030. Many analysts were confident that DeFi will revolutionize the finance industry by 2030. If that happens, platforms that help create and operate DeFi space will experience an immense surge in popularity and demand in the next six years.

Moreover, by 2030, bitcoin will complete two halvings, suggesting there could be at least two bull runs until then. Thus, investors can expect significant halving effects on Bitcoin and other cryptocurrencies, including ADA, by 2030.

Considering that, our ADA price prediction for 2030 in USD stands at nearly $12.72 in the bullish scenario, $9.56 in the bearish scenario, and $10.37 in the average value. Corresponding figures in INR would be 1059.62 INR in the bullish case, 796.38 INR in the bearish case, and an average of 863.86 INR.

Below is a consolidated tabular overview outlining the Dogecoin price predictions for 2023, 2024, 2025, and 2030 in USD.

ADA Price Prediction in INR for 2023, 2024, 2025 and 2030

When will ADA hit $10?

While predicting exact timelines in the volatile crypto market is challenging, there is a potential for ADA to reach $10 within the next 5-6 years. This forecast considers factors like Cardano's development progress, market trends, and growing adoption. However, it's crucial to approach such predictions cautiously as they are speculative, and unpredictable events can influence cryptocurrency values. Monitor the Cardano advancements, technological upgrades, and overall market conditions to understand better the timeframe for ADA to achieve the $10 mark.

Will ADA Reach $100?

Looking at the current price movement and growth of the Cardano network, the possibility of ADA hitting the $100 mark seems far-fetched. It hit the ATH of $3.10 about two years ago, in September 2021. Since then, it has not witnessed any significant price breakouts. In such a scenario, any time soon does not look possible.

Nonetheless, ADA could strive for the $100 milestone by 2040 if market conditions evolve favourably over the coming years.

Is ADA a good buy in 2023?

Yes, ADA is a good buy in 2023 as this year presents a decent opportunity given its comparatively low valuation from its all-time high (ATH). ADA is currently 87.5% lower than its ATH of $3.10. With Cardano trading at a considerable discount, there is potential for significant price appreciation in the coming years. Considering its research-based fundamentals, continuous developments, and role in the competitive DeFi and smart contracts landscape, ADA can be a good option for those seeking assets with growth potential. However, as with any investment, it's crucial to conduct thorough research, assess risk tolerance, and stay informed about market dynamics before making investment decisions.

What will ADA be Worth in 2030?

According to our research and analysis, the potential value of ADA in 2030 could range between $9.56 and $12.72 in USD, with an average projection of $10.37. The analysis considers factors such as Cardano's development milestones, market trends, and the broader cryptocurrency landscape. We anticipate good growth for ADA as it continues implementing upgrades to become a decentralized and self-sufficient platform for decentralized finance (DeFi) development. However, this prediction involves uncertainties, and external factors can influence outcomes.

When will ADA Pump?

Predicting specific pump moments for ADA is challenging due to the unpredictable nature of the cryptocurrency market. However, the key factors that can bring a price pump for ADA are - market sentiment, technological developments, and broader industry trends. Considering them, ADA can experience a price pump in 2025 if the market enters a bull run.

Disclaimer: The content provided in this ADA price prediction blog is purely for informational purposes and should not be considered financial advice. Cryptocurrency markets are highly volatile and subject to rapid fluctuations. Any investment or trading decisions based on the information presented here are at your own risk. It is recommended to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.