Cardano (ADA) Price Prediction 2023/2025/2030 (2023)

As one of the top ten cryptocurrencies, Cardano entered 2023 with some serious expectations behind it. Most notable cryptos surged — BTC and ETH crossing 30K and 2K, respectively. Yet, ADA, the native coin of the Cardano blockchain, could muster 13.7% in monthly gains as of April 26, 2023. In this Cardano price prediction, we shall take a closer and more detailed look at the future of the Cardano blockchain and the price of ADA — from an investment perspective.

Cardano fundamentals and the impact on ADA price prediction

Founded by Charles Hoskinson, Cardano is easily one of the more technologically-equipped blockchains around. Here is a quick refresher to how powerful and feature-loaded the Cardano network actually is:

1. Cardano comes with a layered architecture, making transaction handling more flexible.
2. The blockchain comes with a more energy-efficient version of the Proof-of-Stake consensus — the Ouroboros.
3. You can stake ADA to secure the network or even use them to take part in on-chain governance.
4. The Cardano blockchain is developer-focused, offering ample DApp and smart contract development resources.

And that’s just scratching the surface when the functionality of Cardano and its native ADA tokens are concerned.

Cardano is also steadily evolving into a breeding ground for NFTs with marketplaces like Jungle, jpg.store, Pun City, and more setting shops. Per data from Crypto Slam, total NFT Txns corresponding to the Cardano ecosystem have surged almost 38% over the past 24 hours as of April 26, 2023.

If you look at the 7-day chart, there has been a clear uptick in the number of buyers and sellers flipping NFTs across the Cardano network. Apart from NFTs, Cardano also has a pretty evolving DeFi presence. It is currently ranked 17 in terms of TVL, with the Minswap DEX having a 29% dominance. Cardano’s price action can get a positive boost if the TVL — which is currently at $185.09 million — increases.

ADA price prediction and the role of tokenomics

As far as ADA tokenomics is concerned, Cardano has a maximum supply of 45 billion. Do note that almost 31.1 billion ADA tokens were initially allocated. Here is what the ratio looked like:

Per calculations, the entire Cardano supply might take close to 2050 to become liquid. Till then, we will have to deal with a standard inflation or, rather, issuance rate. Do note that the inflation rate might start dropping as and when the circulating supply starts approaching the supply cap. But that would still take some time. Currently, the Cardano network has an inflation rate of 1.55% — which is lower than that of BTC.

The steady inflation rate might be a good sign for the market capitalization of Cardano. Plus, if the demand increases significantly, scarcity might creep in even with the 1.55% inflation rate.

Cardano price forecast and on-chain metrics

A good sign for the Cardano blockchain is that the daily fees and the developer count (core devs) have remained steady over the past 180 days.

Then again, the supply-side fees have dropped since January 2023. As the supply side fees also involve fees paid to the staking pool operators, the DeFi presence has so far stagnated for the Cardano network in 2023.

A surge in the supply side fees — the revenue generated by the validators, delegators, and staking pool operators — might help increase prices.

The price surge after every volatility bottom is evident if you look at the volatility chart. Right now, we might be staring at a series of quick bottoms in regard to volatility — a development that might push the prices higher in the mid-term.

Let us move to the technical analysis to understand how the ADA Coin price prediction might hold in short-term and long-term.

Cardano price prediction and technical analysis

Before we go for the long haul, let us look at ADA’s short-term price action, focusing on the daily chart. Notice how ADA is currently trading inside the ascending channel pattern — with the prices alarmingly close to the lower trendline. If breached, ADA can try and find some support at $0.377.

Even the RSI, with the formation of bearish divergence — lower lows — is hinting at an imminent correction. The only glimmer of hope for the bulls is the green moving average line (50-day MA) trying to cross above the (100-day MA) or the blue line. If this golden crossover attempt succeeds, it might invalidate the bearish sentiments.

Let us now head over to the weekly chart to see if there is a broader pattern in sight:

Pattern identification

The weekly chart reveals a peak-like formation towards the extreme left of the chart. Before the peak, there is a smaller high, and post the peak, ADA makes a smaller high before going tepid and range-bound for close to 2.5 years.

Post that, ADA makes two higher highs before peaking at over $3. After that, there are two discernible lower highs. Also, notice how the current weekly RSI is making a higher high as opposed to the lower high made by the price of ADA. This form of bullish divergence means that ADA might again start forming a series of higher highs.

We can now locate every crucial high and low point on the chart to help you identify the average high-to-low and low-to-high moves.

Price moves and changes

Now that we have marked all the crucial points before, after, and between the peaks, it is time to locate the price percentage changes and distances between them. For that, we will focus on two paths: A to O and O to O1.

Now that we have data for all the chart points let us use the negative and non-negative values to locate the averages.

The sum and average of all the negative values return a percentage drop (high-to-low) of 68.53%. The time taken for the same can be 151 days (average of the negative days).

Calculations

The sum and average of all the non-negative values return a percentage hike (low-to-high) of 198.79%. We purposefully kept the O to A values of 8898.52% out to keep the calculations within permissible limits. The time taken for the same can be 90 days (average of the non-negative days).

Note: The high-to-low and the low-to-high moves can vary from the calculated average depending on the crypto market conditions, support levels, and even the resistance levels.

Now let us use the calculations to identify the Cardano price prediction levels for the years to come.

Cardano (ADA) price prediction 2023

Outlook: Bullish

The last point we have on the weekly price chart is O1. Considering the average low-to-high move of 198.79%, we can expect the next high to surface at $0.729. Also, we have taken the max distance or timeframe of 350 days, considering how slowly the price of ADA moves up.

This also confirms the fact that the price of ADA in 2023 might not drop lower than $0.244 — the level of O1.

Projected ROI from the current level: 76%

Cardano (ADA) price prediction 2025

Outlook: Bullish

Now that we have A1 — the highest Cardano price forecast level for 2023 — we can use the high-to-low percentage average of 68.53% to chart the low in 2024 in close to 151 days. However, they are some strong support levels close to $0.41, which might be the lowest the price of ADA can drop in the subsequent 151 days from A2.

The next high from this low could again go as high as 198.79% and, in 90 days, settle at $1.22. This could be the Cardano price prediction for 2024.

The next low from this high of $1.22 or B2 could again be closer to the support level of $0.752 — translating into an average price drop of 38.50%. As this low is still higher than the 2023 high of $0.73, we can expect the price of ADA to be in an uptrend, even in 2025.

Also, using the average price hike of 198.79%, we can plot the 2025 high for ADA, which could settle at $2.24.

Projected ROI from the current level: 441%

Cardano (ADA) price prediction 2030

Outlook: Bullish

Let us now assume that the high in 2025 for ADA is termed C2. From this level, the average drop of 68.53% might be possible due to increased selling pressure applied by the recently turned In-the-Money holders. Therefore, over the next 150 days, the next drop can see the average price of ADA surface at $0.712.

This can therefore be the lowest price in 2025, beating the first low of $0.752. The low of $0.712 makes sense if followed by the average price hike of 198.79%. This value puts the next high — towards the onset of 2026 — at $2.14. If we mark this high as B3, we can again see a lower high formation in play for ADA — like the previous patterns.

With the 2023 low and 2026 high, we can extrapolate the Cardano price prediction path to locate the prices till 2030. Following the same growth path till 2026, we can expect the price of ADA to settle at $5.26 by 2030.

Projected ROI from the current level: 1170%

Cardano (ADA’s) long-term price prediction (up to 2035)

Outlook: Very bullish

If you wish to hold ADA longer — even through 2035 — here is a table that can help you trace the expected price projections for the same:

Is the Cardano price prediction model accurate?

This Cardano price prediction model takes technical analysis seriously. A wide range of tracking points helps us fetch the most accurate and relative projections. However, the ADA coin price prediction levels might change depending on the changing market cap of Cardano. Other factors like the number of active developers, upgrades like the Vasil Fork, and more might also come into play. Therefore, it is advisable to keep tracking every ADA price prediction level alongside Cardano’s network-specific growth and also the broader crypto market.

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