Cryptos

Cardano (ADA) Price Forecast & Prediction 2022-2025

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Cardano has become one of the most promising alternatives to Ethereum and other proof-of-stake networks. Despite its native token losing significant value recently, Cardano continues to roll out important network upgrades. One notable update is the Alonzo hard fork which opened the project to smart contracts. The number of smart contracts on the network and wallets is rapidly expanding, and project optimism among investors remains elevated.

What is Cardano?



It is an open-source blockchain that is secured with a slightly modified proof-of-stake consensus algorithm. The protocol consists of two layers; the settlement and the computational layer. The former helps in transaction settlement, while the latter powers smart contracts and decentralized applications.

Cardano has split its network development into different phases dubbed ‘eras’. 

  • The first era is called Byron, which laid the foundation for network architecture.
  • The second phase, the Shelley era, introduced a higher level of decentralization through community-managed nodes.
  • The subsequent era, Goguen, brought smart contracts.
  • The fourth era, Basho, entails network scaling through sidechains.
  • Voltaire’s final era will place the network in full control of its community.

The network’s native token, ADA, has registered massive gains since its inception. The token enables users to participate in network staking and protocol governance. The idea of Cardano started in 2015 when the Ethereum co-founders, Charles Hoskinson and Jerry Wood, left Ethereum foundation to create a new company called Input-Output. IOHK proceeded to launch Cardano and its native token ADA in 2017.

If you are looking for Cardano price prediction for 2022-2025, look no further. We will look at the current ADA pricing to see what to expect from the future changes.

Cardano: should you invest in ADA today?

ADA has been downtrend since peaking at $3 in September 2021. The daily chart outlook shows the token is trading around $0.9 support zone with immediate resistance at $1.5. Investors looking to buy the token should wait for a trend reversal to the upside. ADA should break above the descending trendline to confirm a bullish price action signal to welcome an upward momentum.

However, if ADA drops below the current support zone, it will open more weaknesses, and the token could trade lower. The Relative Strength Index remains above the oversold zone meaning that sellers are still in control.

ADA price forecast and prediction 2022-2025 (daily chart)

ADA price forecast and prediction 2022-2025 (daily chart)

Despite ADA being on a downtrend trend across multiple time frames, market analysts predict that the price is poised to rise in the future. ADA remains a strategic token to yield high returns from the long-term technical perspective. The digital asset is trading below its all-high, potentially turning in gains when a positive sentiment returns to the market. The declining price of ADA could be attributed to the low market share in total value locked.

 

ADA price forecast and prediction 2022-2025 (daily chart)

ADA price forecast and prediction 2022-2025 (daily chart)

Will ADA reach 1 USD in 2022?

  • Based on the technical and fundamental analysis, ADA is projected to reach a maximum of $1.2 in the first half of 2022. The price will peak at $1.8 in the second half, with the average being $1.2 throughout the year.
  • The 2023 price prediction puts ADA at a minimum price of $1.6 in the first half and a maximum of $2.2. The token will drop slightly to $1.5 during the last half before closing the year at $2.
  • The forecasted 2024 ADA price in the first half is $2.1 at a minimum and could reach a maximum of $2.6. The token is projected to trade at a minimum of $3 in the last half of the year and a maximum of $3.5. On average, ADA will trade at $2 in 2024.
  • We project that ADA will reach $4 in the first half of 2025 at a maximum and $2.2 at a minimum. We expect that the token will close the year above $5 in the period.

ADA past price analysis

CoinMarketCap currently ranks Cardano as the eighth-most valuable cryptocurrency with a market capitalization of $27,557,589,949.46. There are 33.67 billion circulating ADA tokens from a total supply of 34,182,105,422 and a hard cap of 45 billion. ADA is currently trading at $0.8148 after dropping 3.86% in the past 24 hours.

In the past seven days, ADA has plunged 7.5% from $0.88. Similarly, the token has dipped from $1.46, a 44% difference, in the three-month price outlook. The all-time price chart shows that ADA is trading lower from an all-time high when the daily trading volumes surged to about $4.26 billion.

Want to buy ADA?

ADA is available in major cryptocurrency exchanges, including Binance, Coinbase, and KuCoin. The token is listed against USDT, USD, BUSD, and BTC.

To buy ADA on the Binance exchange, follow these steps:

Step 1. Register an account with Binance.

Step 2. Buy Bitcoin directly from your wallet.

Step 3. Go to the spot market and select the ADA/BTC pair.

Step 4. Exchange BTC for ADA.

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