Cardano price prediction 2024-2030: Will Cardano reach $1?

Key takeaways

• Cardano’s price can reach a potential high of $0.55 in 2024.
• In 2027, we expect ADA/USD to reach $5.03.
• Provided that the platform grows and adoption increases, Cardano can hit $10.32 in 2030.

Cardano was founded by one of the original Ethereum founders, Charles Hoskinson. While the development of the Cardano platform began in 2015, the platform went live in 2017 along with the associated cryptocurrency ADA.

Hoskinson had the goal to address the three main challenges that blockchains face. These are scalability, sustainability, and interoperability. 

After the halving event of Bitcoin earlier this year, experts are speculating on whether Cardano can retrace up and retest its all-time high in 2025. Speculations about an upcoming bull run are further driving investment into ADA.

At the same time, many crypto enthusiasts and investors (both short-term and long-term) ask, “Will ADA hit $100 in 2030?” and whether it can retrace back to $3.09 (the all-time high).

Overview

Cryptocurrency	Cardano
Token	ADA
Price	$0.3925
Market Cap	$15,053,396,238
Trading Volume	$573,555,071
Circulating Supply	35,720,359,410 ADA
All-time High	$3.09
All-time Low	$0.01925
24-hour High	$0.451
24-hour Low	$0.413

Cardano price prediction: Technical analysis

Metric	Value
Volatility	3.95%
50-day SMA	0.453
14-Day RSI	36.005
Sentiment	Bearish
Fear & Greed Index	45 (Fear)
Green Days	13/30 (40%)

Cardano price analysis: ADA gears to retest the support at $0.34

TL: DR Breakdown

• ADA price has dipped to $0.3911 after consolidating sideways between $0.401 and $0.522 for days.
• It is gearing to retest the support at $0.34.
• ADA can retrace back to an average price of $0.465 in the next few days.

The Cardano price analysis on June 28 shows that ADA/USD is gearing to retest the support at $0.34. If it breaks this support line, it is bound to go lower, after which the major support lies at $0.24. Earlier, it consolidated sideways for several days between $0.401 and $0.522 before breaking lower.

ADA price analysis 1-day chart: Sideways price action with strong support at $0.401 

Cardano’s 1-day chart shows that there is a critical support level at the $0.34 mark, after which the next support lies around $0.24. As of now, it has already retested the support line once and bounced back slightly. However, it continues to form lower highs on the 1-day time frame, suggesting that the market is quite bearish at the moment.

ADA/USD 1-day chart (Source: TradingView) 

The RSI on the daily chart is also somewhat stable at 41. Hence, we do not expect any sudden price action or god candles on the daily chart. ADA is expected to move sideways for a bit before taking a course. There is a good chance that it will break above the upper trend line and head towards recovery. However, that requires the market to take on a bullish sentiment.

Cardano 24-hour price movement: Lack of volatility with slight indications of breaking above $0.415

Overall, Cardano has been quite volatile on the 1-hour chart. We can see it consolidating sideways in a range of $0.395 and $0.34. Currently, it is gearing to retest the upper support line, even though it has tested it several times and bounced back d own.

ADA/USD 1-hour chart (Source: TradingView) 

The 1-hour Cardano price action suggests that there is a possibility of breaking above $0.395 soon, provided that the overall market’s sentiment turns bullish. The RSI, on the other hand, is at 55, suggesting that the market might be slightly overbought. There is a high likelihood that it will retest $0.34 based on these indications.

What to expect from Cardano price analysis

Overall, Cardano’s short-term price movement is suggesting that it will consolidate sideways. However, in the bigger picture, we can expect it to break lower than the support line at $0.34 or higher than $0.395 depending on the market’s sentiments. As of now, its final course is quite uncertain.

ADA technical indicators: Levels and action

Daily simple moving average (SMA)

Period	Value ($)	Action
SMA 3	0.429939	SELL
SMA 5	0.432102	SELL
SMA 10	0.442085	SELL
SMA 21	0.446918	SELL
SMA 50	0.455401	SELL
SMA 100	0.530503	SELL
SMA 200	0.534005	SELL

Daily exponential moving average (EMA)

Period	Value ($)	Action
EMA 3	0.444769	SELL
EMA 5	0.448015	SELL
EMA 10	0.453344	SELL
EMA 21	0.458906	SELL
EMA 50	0.48074	SELL
EMA 100	0.508175	SELL
EMA 200	0.500569	SELL

Cardano price analysis conclusion

Overall, Cardano seems to have a bearish outlook and the fear is high among the investors. This is due to the fact that the recovery to its previous prices seems to be very slow, and it lacks significant positive momentum even on green days. However, in the short-term, it is expected to break above $0.415 with strong support at $0.34

Recent news/opinion on Cardano

• Cardano holders recently got the opportunity to vote for three seats of the Interim Constitutional Committee (ICC) at the beginning of Epoch 49. The voting will last until 23 June and it will cover Epochs 491 and 492.

Hey #CardanoCommunity,

Yesterday, June 13th at 21:45 UTC, at the start of Epoch 491, voting for three seats of the Interim Constitutional Committee (ICC) began.

All $ada holders now have the opportunity to vote on who should be represented on the ICC.

This committee is…

— Cardano Community (@Cardano) June 14, 2024

Is Cardano a good investment?

Cardano offers a scalable smart contracts platform that uses a unique PoS consensus algorithm that is highly energy efficient. It has a growing user base. It also enables exciting applications like RWA (real world asset tokenization), which is considered to gain massive attention in the near future. 

Since ADA serves as the native token that powers the Cardano ecosystem, it is certainly a good investment for the long-term. Even though its market is currently down, there is no reason why it can’t recover to its previous levels in the future. 

Where to buy Cardano?

You can buy Cardano on almost all centralized crypto exchanges. Among these, the most popular ones ate Kucoin, Binance, and Coinbase. Similarly, Bitfinnex also offers a wide range of trading pairs and supports Cardano as well.

Cardano price prediction June 2024

Based on the current price action, there is not likely to be much upward momentum in Cardano in June 2024. Its price has been fluctuating between $0.413 and $0.523 over the last few months based on the current technical analysis. It formed a local top at $0.512 on 21 April 2024. Since then, Cardano hasn’t retested the levels.

Market conditions are expected to be slightly bullish over the next few months, so ADA may retest the local top again in June. However, given that ADA has retraced significantly from its all-time high of $3.09, sell pressure remains high as many early investors cut their losses.

Cardano Price Prediction	Potential Low	Potential Average	Potential High
Cardano Price Prediction June 2024	$0.34	$0.45	0.55

Cardano price prediction 2024

The market is expected to take a bullish turn by the end of this year. Based on these speculations, we can expect that ADA/USD will somewhat recover and may also break above the local top at $0.512 that it created on 21 April. However, the overall investor confidence in Cardano isn’t very high at the moment.

However, if we are confirmed to be in a bull run and new retail enters the crypto market in Q4 of 2024, we can expect Cardano to retest its previous all-time high. Breaking through that point would, however, require a lot of buying pressure.

Cardano Price Prediction	Potential Low	Potential Average	Potential High
Cardano Price Prediction 2024	$1.37	$1.695	$2.02

Cardano price predictions 2025-2030

Year	Minimum Price	Average Price	Maximum Price
2025	$1.81	$2.11	$2.42
2026	$2.76	$3.03	$3.30
2027	$4.56	$4.79	$5.03
2028	$5.29	$5.51	$5.73
2029	$6.68	$7.23	$7.79
2030	$9.12	$9.72	$10.32

Cardano price prediction 2025

In 2025, ADA’s average price could be about $2.11. Its minimum and maximum prices can be expected at $1.81 and $2.42, respectively. 

Cardano price prediction 2026

Entering 2026, ADA’s potential price is expected to rise, after which it may range between $2.76 and $3.30. During this period, the average price will fluctuate around $3. However, since it would be near Cardano’s all-time high, it can face significant resistance from early investors breaking even.

Cardano price prediction 2027

Looking at Cardano’s past performance and assuming that it follows the crypto market trends, we can expect ADA/USD to break above the previous all-time high and potentially hit $5.03. Cardano’s price prediction for 2027 projects a minimum price of $4.56 and an average price of $4.79

Cardano price prediction 2028

In 2028, ADA/USD is expected to continue its rally upward after four full years of Bitcoin halving. At this point, its price can hit a maximum price of $5.73 an average price of $5.51 and a minimum price of $5.29.

Cardano price forecast 2029

Based on the current market projection, ADA can be valued at a minimum of $6.68, forming strong support. At this point, it may continue its upward rally and get elevated to $7.79. However, the average price is expected to be around $7.23 during this time.

Cardano (ADA) price prediction 2030

The price of ADA/USD in 2030 is expected to soar to the $10 mark. However, this would require the Cardano ecosystem to achieve significant growth and the overall structure of the crypto market to turn bullish. In 2030, the price of ADA is forecasted to be around a minimum value of $9.12, maximum value of $10.32 and an average trading value of $9.72.

Cardano market price prediction: Analysts’ ADA price forecast

Firm Name	2024	2025
Coincodex	$0.44	$2.19
DigitalCoinPrice	$0.92	$1.07
Changelly	$0.506	$1.05

Cryptopolitan’s Cardano (ADA) price prediction

Even though the current ADA/USD market struggles with a lot of sell pressure, Cryptopolitan’s overall outlook in the long term is positive, especially because it has affordable fees and an ecosystem that supports smart contracts. Our Cardano price forecast suggests that it can recover to its previous all-time high of $3.09 and potentially break above in the coming years.  

Cardano historic price sentiment 

• Cardano was founded in 2015 and went live in 2017. It initially gained investor support and popularity for being affordable and environmentally friendly due to its unique PoS mechanism called Ouroboros. 
• In 2021, Cardano implemented the smart contract feature with the Alonzo update. This update came on the ADA test network and brought the interoperability and scalability that was promised to the users earlier.
• The ADA price reached its all-time high during the bullish cycle of 2021 when it hit $3.09. However, its price started plummeting at the beginning of September 2021 and reached a low of $0.220 in June 2023. 
• It then formed a local high at $0.810 on 14 March 2024 before dipping again to $0.401 in April 2024 due to heavy selling pressure as early investors rushed to cut their losses.
• From 13 April 2024, Cardano has been trading between $0.52 and $0.401, with strong support at the $0.4 mark. It has retested this zone twice and rejected it, which suggests that recovery may be possible once this consolidation period ends.
• In May 2024, Cardano made a local top at $0.51 and rebounded lower after retesting this resistance level. ADA is trading within the range of $90 – $142 in June.
• Cardano’s technology, modular improvement, and future positioning as key factors, hinting at the possibility of spot-Cardano ETF in the future. This development could further boost Cardano’s price.