Cardano is a blockchain platform that has its own native ADA cryptocurrency. Since ADA remains a quite popular coin, in this article we would like to review price predictions for Cardano crypto in 2020 – 2030.
Cardano is based on the Proof of Stake protocol, and widely known for being the first peer-reviewed network. Cardano blockchain has two layers:
- The Cardano Settlement Layer. This layer is used for new blocks generation and ADA transactions.
- The Control Layer. This layer is supposed to be used for smart contracts.
The most significant part of Cardano is the Ouroboros algorithm. It divides time into epochs, each epoch is made out of slots. Slots represent fixed periods of time. Epochs have elected slot leaders, and it is their responsibility to make sure that transaction blocks are being added to the blockchain. The second step in controlling transactions is input endorsers. They are running the protocol and they are approving transactions in blocks. Cardano also has different incentives for participating in the network, including investments in mining and economic rewards.
ADA coin statistics
ADA is one of the most popular coins. Let’s take a look at some numbers.
According to coinmarketcap.com (as of 22/09/2020):
- Cardano price is $0.082447
- Market capitalization is $2 565 117 000
- Volume (24h) $557 618 750
- Circulating supply 31 112 484 646 ADA
- Total supply 45 000 000 000 ADA
- Max supply 45 000 000 000 ADA
- 24 Hour High $0.127359
- 24 Hour Low $0.078244
One of the priorities of the Cardano network is security. Developers promise to continue developing it to provide the best opportunities for users. Cardano has an amazingly structured roadmap. It is divided into eras, and each era has its own name and a list of changes that should be made during the period. All together there are five eras: Byron, Shelley, Goguen, Basho, Voltaire.
The Ouroboros protocol will improve into Ouroboros Genesis. Genesis will make sure that all the stakeholders are dealing with the most updated version of the blockchain, and it will also protect from various attacks.
Since the network is preparing to go fully decentralized, the next milestone will be Ourboros-BFT. It is a blockchain-based protocol, “where servers take turns in a predetermined round-robin fashion diffusing blocks of transactions that extend the longest chain that is available to them”. That means that people will get the results of transactions in a shorter time.
The next step is Daedalus that will make it possible for users to delegate their stakes using the application. More changes are coming to the Daedalus wallet, in particular multisignature transactions will become possible. They will allow different people to operate the same wallet.
An interesting change is coming for those who are using different coins. A multi-currency ledger into Cardano will provide an opportunity for the network to support various cryptocurrencies.
Crypto experts about ADA
The crypto analyst Benjamin Cowen posted a YouTube video on June 4, 2020. In the video he talked about the Cardano price prediction and stated the following opinion: “You know, one of the triggers for all coins to move, like ADA, would be Bitcoin being above the 20 week moving average…So this was the week April 27th that the Bitcoin crossed it and since then we’ve continued to move up. And despite what Bitcoin does at this point, whether Bitcoin stays where it is or goes up, I think ADA is still going to likely continue to move up.”
ADA price prediction 2020
The following Cardano price prediction was given on TradingBeasts (as of 07/06/2020):
Minimum ADA price for 2020: $0.0812103
Maximum ADA price for 2020: $0.1251881
Average ADA price for 2020: $0.0978482
Mid-year Cardano price 2020
Minimum ADA price expected: $0.0851279
Maximum ADA price expected:$0.1251881
Average ADA price expected: $0.1001505
Year-end Cardano price predictions 2020
Minimum Cardano price expected: $0.0825177
Maximum Cardano price expected: $0.1213495
Average Cardano price expected: $0.0970796
The next one is the WalletInvestor, that predicts the following Cardano price in 2020 (as of 07/06/2020):
Minimum ADA price 2020: $0.000001
Maximum ADA price for 2020: $0.163387
Average ADA price for 2020: $0.028117
Mid-year Cardano price 2020
Minimum ADA price expected: $0.000001
Maximum ADA price expected: $0.163387
Average ADA price expected: $0.045667
Year-end Cardano price prediction 2020
Minimum Cardano price expected: $0.0062
Maximum Cardano price expected: $0.1052
Average Cardano price expected: $0.0461
According to the Digitalcoinprice, we can get the following ADA price (as of 07/06/2020):
Minimum ADA price for 2020: $0.15424739
Maximum ADA price for 2020: $0.20881707
Average ADA price for 2020: $0.14957686
Mid-year ADA price 2020: $0.15424739
Year-end ADA price prediction 2020: $0.19048749
Here the Longforecast Cardano price prediction 2020 (as of 07/06/2020):
Minimum ADA price for 2020: $0.072
Maximum ADA price for 2020: $0.210
Average ADA price for 2020: $0.155
Mid-year ADA price 2020
Minimum ADA price expected: $0.117
Maximum ADA price expected:$0.156
Average ADA price expected: $0.1365
Year-end Cardano price predictions 2020
Minimum Cardano price expected: $0.144
Maximum Cardano price expected: $0.179
Average Cardano price expected: $0.1615
Crypto-Rating has the following Cardano price prediction (as of 08/06/2020):
In six months: $0.165605
Cardano price may reach by January 1, 2021: $0.277028
One of the next ADA price predictions is based on CoinPriceForecast (as of 07/06/2020):
In the middle of 2020, we expect to see $0.1407 per 1 Cardano. The rise from today to year-end: +69%.
The forecasted price of Cardano at the end of 2020 is $0.1412 – and the year to year change +332%.
The middle of 2020: $0.1407
The end of 2020: $0.1412
Also, we collected the most interesting Cardano price predictions 2020 from crypto experts.
On June 5th, Coindesk published the article about the CEO of IOHK, Charles Hoskinson. Recently Hoskinson announced that the long-awaited Shelley protocol – which allows users to stake and earn Cardano’s native ADA cryptocurrency – would be rolled out gradually across June, with a full launch penciled in for June 30. This announcement pushed the ADA price to +50% last week.
Hoskinson believes that “there’s a very strong possibility that we will be very competitive price-wise with the rest [of the crypto market].”
One more video was posted on YouTube channel JRNY Crypto. Here what was said in this video about ADA price by a member of the Crypto community: “The price of ADA is pretty flat over the past couple of years while it was in development. It touched 0.10 $ a year ago in June 2019, so I think this price of 8 cents for ADA is still undervalued and I definitely think we’re going to be having a huge price rally leading up to this maintenance.”
ADA price prediction 2021
There is a general opinion that in 2021 Cardano will show 200% increase in price. Some prognosis are very optimistic. Different experts promise that by the end of 2021 the price will be between $1 — $2. A more realistic forecast says that the price will be around $0.3 during 2021.
ADA price prediction 2023
According to longforecast.com, 2023 will be a year of price decrease for Cardano. It promises an almost 30% decrease every month.
However, other experts believe that Cardano will gain more trust with time, and will only show slow, but stable growth. Thus some experts believe that by the end of 2023 ADA may even reach $2.
ADA price prediction 2025
According to the current trends, the existing demand, and developers’ plans for network improvement, it seems possible for ADA to reach a good position. Cardano may surprise users with greater achievements, as now we can see a lot of changes and partnerships planned. The price may even go up to $3.
Historical price analysis of ADA
Cardano, undoubtedly, had its highs and lows. Let’s take a look at them.
- All Time High is $1.33
- All Time Low is $0.17354
However, in spite of some ADA price decreases, Cardano was seen quite optimistic from the very beginning. Due to a number of its peculiarities, Cardano gained the trust and interest of the crypto community. A proof for this attitude is a community that is forming around it.
Cardano had also received some criticism before. For example, in 2018 Emin Gün Sirer, a professor of Cornell University and researcher in consensus protocols said:
“Ouroboros has the advantage that it is peer reviewed and a well-credentialed research group stands behind the effort. But it also suffers from a downside that plagues many early proof-of-stake protocols, namely: the papers are long, dense and full of subtle proofs. No two researchers in this area seem to agree on which papers have valid proofs and which have redefined the properties so as to make proofs meaningless. The academic community vets papers for academic rigor, not real world application.”
A year ago some experts saw some possibilities for growth. Before that, we could see a downgoing trend. In January, 2019 ADA found enough power to change the trend to upgoing. This is exactly what we are able to witness now. ADA is growing slowly, but steadily.
As you can see, forecasts for the ADA coin 2020 – 2030 are quite diverse. But we can confidently say that the coin is developing steadily and may still surprise every crypto analyst. If you are interested in Cardano price predictions, it is very important to stay well informed about all sorts of updates in the Cardano ecosystem. However, we would like to remind you that price predictions are hard to make. Cryptocurrencies are being influenced by a lot of various factors. We can only suppose, looking at the trends we witness today.
Thank you for your attention to this topic. SimpleSwap would like to remind you that this article has informational purposes only and does not provide advice on investment. All purchases and cryptocurrency investments are your own responsibility.