With the buyers setting the stage for a bull run in the coming months, the altcoins are ready to break the supply barriers. As the altcoins hit the pedal to the metal, blue-chip coins like Cardano are preparing a supersonic recovery in 2024.

Keeping the 280% spike in February 2021, the altcoin showcases the immense potential for a triple-digit monthly return. However, despite the ADA’s price performance showing new peaks and fresh momentum ready to rise above $1, investors keep pondering: “Is Cardano Dead?”

Are you considering buying Cardano this month? Dive into our Cardano price prediction 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

Cryptocurrency	Cardano
Token	ADA
Price	$ 0.50829828-13.59%
Market Cap	$ 18,100,923,618.7159
Trading Volume	$ 1,279,214,293.1558
Circulating Supply	35,610,829,976.1570
All-time High	$3.10 Sep 02, 2021
All-time Low	$0.01735 Oct 02, 2017
24 High	$ 0.5900
24 Low	$ 0.4500

ADA Coin Price Prediction April 2024

The ADA token price has recently experienced a notable downturn in value, descending from the $0.68 high. This decline has resulted in a falling wedge pattern on the daily chart. However, the crypto market’s recent rebound from a prolonged slump has set the stage for a potential breakout for ADA.

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A pivotal moment was observed as ADA’s price rebounded from a critical junction – the intersection of the 50% Fibonacci retracement level and the support trendline. This bounce signifies an assault on the upper boundary of the wedge pattern.

ADA’s recovery journey is marked by forming several bullish candles, successfully recapturing the 50-day Exponential Moving Average (EMA), and surpassing the psychologically significant $0.50 mark. Currently trading at $0.584, ADA is presenting a moment of indecision, hovering near the resistance trendline.

Should ADA maintain its current momentum, there’s a strong possibility of an upward breakout, driving the price toward the $0.84 peak, representing a significant 25% increase. Conversely, if the trend reverses, ADA might revisit the 50% Fibonacci level, testing its resilience again.

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 gives a strong foundation for the uptrend, further confirmed by a strong bullish rally in the weekly chart, making nine bullish candles consecutively.

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With the ongoing support of whales, the rising number of large transactions and the overall growth of the DeFi sector help fuel the recovery of Cardano. Considering the upcoming bullish events of 2024, the Cardano coin price can sustain this momentum and reach higher in 2024. The recovery rally will prove pivotal, with the recent breakout rally and the trend reversal being the key entry levels.

Currently trading at $0.657, the Cardano coin price brings 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 settle down at $1.37 by the end of 2024 due to exhaustion.

Factors Influencing Cardano’s Price Movements

Many outside influences impact the price of Cardano each day. Understanding these factors can help when setting rates for your services. Several elements are essential to watch:

• Market sentiment: Whether the overall crypto market is bullish or bearish, it will affect Cardano’s value. Monitoring overall market movements is critical.
• Network usage and transactions: More people are using the Cardano blockchain for applications and transactions, which increases demand. Growth in these areas often pushes the price higher.
• Coin burn or minting: Events where large amounts of ADA are removed or put back into circulation change supply and demand dynamics. This movement impacts the price.
• Partnerships and adoption: Announcements of new partnerships or companies/projects building on Cardano give investors optimism. Such news frequently sparks price rises.
• Regulations: Any comments from governments or regulators about strengthening or loosening controls on cryptocurrency trading can move prices dramatically. Developments here must be watched closely.

ADA Price Prediction 2025

The year 2025 could signal growth for ADA, with prices potentially 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

ADA Price Prediction 2026

Moving into 2026, ADA’s potential price is foreseen to elevate further, ranging between a low of $2.76 and a high of $3.30. The average price during this period could stand at $3.03.  

ADA Price Prediction 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 could stand at $4.79.  

ADA Price Prediction 2028

In 2028, ADA’s price could potentially 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 projected to ascend between $6.68 and $7.79. The average price during this period could stand at $7.235.  

ADA Price Prediction 2030

Finally, by 2030, ADA’s price is predicted to soar between $9.12 and $10.32. The average price during this period could stand at $9.72.  

ADA Cardano Price Prediction 2024 – 2030

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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 wider adoption rate of Cardano. Moreover, with the upcoming bull run propelled and fueled by Bitcoin halving in 2024, followed by a new altcoin season, Cardano is all set to create unprecedented new heights. 

We expect the ADA price to reach $2.02 by the end of 2024.

Historical Price Sentiments 2017 – 2023

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Price expectations have shifted considerably in recent years. From 2017 to 2019, strong economic conditions allowed many consultants to raise rates steadily with little resistance. Clients also understood that costs continuously rise for competent service providers. 

The pandemic disrupted this trend oddly. In 2020, few requested discounts despite financial pressures as demand soared for aid with remote work optimizations. By 2021, inflation concerns emerged as supply chains tightened. Providers started attaching fuel/admin surcharges to invoices more often, with mixed views. 

2022 brought the highest inflation in decades, most challenging solopreneurs. Those flexible enough to adjust prices quarterly appear best-positioned long-term for retaining top talent and weathering economic cycles. Data from 2023 may show another period of stabilization.

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