With the buyers setting the stage for a bull run in the coming months, the altcoins are poised to break the supply barriers. While the altcoins are hitting the pedal to the metal, blue chip coins like Cardano are preparing for a supersonic recovery in 2024.
With ADA price preparing for a breakout run to explode in February, volumes are rising, signaling the entry of market leaders. Resurfacing above the $0.50 mark, Cardano is eyeing the $1 mark in the coming months, with the Bitcoin halving catalyst event just around the corner.
Maintaining the 280% gain in February 2021, the altcoin shows tremendous potential for a triple-digit monthly return. Despite the ADA’s price performance showing new peaks and fresh momentum poised to rise above $1, investors continue to think, “Is Cardano dead?”
Thinking of buying Cardano this month? Dive into our Cardano price forecast for 2024-2030 and find the best opportunity to buy Cardano.
And for burning questions like “Is Cardano a good investment?” or “Will Cardano reach $100?” – we’ve got you covered in our detailed Cardano (ADA) price forecast for 2024-2030.
Overview
1.12% What’s new with Cardano?
Cardano Improvement Proposal (CIP) 1694 introduces a three-chamber governance model. The Age of Voltaire and CIP-1694 are expected to positively affect Cardano’s price. Mithril upgrade is an important development. Mithril promises to improve the efficiency of Cardano full-node clients.
ADA Coin Price Prediction February 2024
The ADA token price recently experienced a notable downturn in its value, falling from the $0.68 high. This decline led to the formation of a descending wedge pattern on the daily chart. However, the crypto market’s recent recovery after a prolonged slump has paved the way for a possible breakout for ADA.
An important moment was observed when ADA’s price bounced back from a critical junction – the intersection of the 50% Fibonacci retracement level and the support trendline. This bounce indicates an attack on the upper boundary of the wedge pattern.
ADA’s recovery journey is marked by the formation of several bullish candles, successfully retracing the 50-day exponential moving average (EMA) and surpassing the psychologically significant $0.50 mark. Currently trading at $0.527, ADA presents a moment of indecision, hovering near the resistance trend line.
Should ADA maintain its current momentum, there is a strong possibility of an upside breakout, potentially driving the price to the $0.84 peak, representing a significant 25% increase. Conversely, if the trend reverses, ADA can revisit the 50% Fibonacci level and retest its resilience.
Cardano Price Prediction 2024
The market is buzzing with optimism as Cardano’s price shows signs of a bullish reversal. The overhead resistance trendline breakout provides a strong foundation for the uptrend, further confirmed by a strong bullish rally in the weekly chart, making nine bullish candles in a row.
With the continued support of whales, the rising number of large transactions and the overall growth of the DeFi sector are helping fuel Cardano’s recovery. Considering the upcoming bullish events of 2024, the Cardano coin price can maintain this momentum and reach higher in 2024. The recovery rally will be decisive, with the recent breakout rally and the reversal of the trend being the key entry levels.
Currently trading at $0.657, the Cardano coin price presents a buying opportunity as it may soon cross $1 and reach the $1.5 mark. Therefore, with a bull run in 2024, Cardano prices are expected to create a new swing high of $2.02. With an average of $1.695, the ADA prices could drop to $1.37 by the end of 2024 due to depletion.
ADA Price Forecast 2025
The year 2025 could indicate growth for ADA, with prices possibly oscillating between a low of $1.81 and a high of $2.42. The average price during this period could stand at $2,115.
Cardano (ADA) Price Prediction 2026 – 2030
Also Read: UniSwap Price Prediction 2023, 2024, 2025: Will UNI Coin Rise in 2023?
ADA Price Forecast 2026
Moving into 2026, ADA’s potential price is expected to rise further, ranging between a low of $2.76 and a high of $3.30. The average price during this period can stand at $3.03.
ADA Price Forecast 2027
By 2027, the analysis suggests a further surge in ADA’s value, with the price potentially hitting between $4.56 and $5.03. The average price during this period can stand at $4.79.
ADA Price Prediction 2028
In 2028, ADA’s price may rise to fall between $5.29 and $5.73. The average price during this period could stand at $5.51.
ADA Price Prediction 2029
By 2029, ADA’s price is expected to rise between $6.68 and $7.79. The average price during this period could stand at $7,235.
ADA Price Forecast 2030
Finally, by 2030, ADA’s price is predicted to rise between $9.12 and $10.32. The average price during this period can stand at $9.72.
ADA Cardano Price Forecast 2024 – 2030
Market analysis
*The aforementioned targets are the average targets set by the respective firms.
CoinPedia’s Cardano (ADA) Price Prediction
Assuming that Cardano continues to focus on the upcoming updates of the network, we can expect a higher adoption rate of Cardano. Moreover, with the upcoming bull run fueled and fueled by Bitcoin halving in 2024, followed by a new altcoin season, Cardano is poised to create unprecedented new heights.
We expect the ADA price to reach $2.02 by the end of 2024.
Historical price sentiments 2017 – 2024
Frequently Asked Questions
Cardano is an underrated investment and has a great chance to outperform in the next few years, considering the abundance of applications.
The price of ADA may rise to a maximum of $2.02 by the end of 2024.
If you’re holding onto your ADA tokens for the long term, there’s no downside to staking it all.
According to our Cardano price forecast, the altcoin’s price could reach a maximum of $2.42 by the end of 2025.
Cardano is not dead as it is seeing major development upgrades, which could increase ADA’s price in the near future.
Even the most bullish of Cardano supporters admit that Cardano may only surpass Ethereum in 8 to 10 years.
Assuming the best case that you invested in Cardano in January 2020, your investment would have increased by 550%. In short, for every $100 you would have made an extra $550.
THERE IS BINANCE
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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