Cardano (ADA) is advancing Marlowe, its smart contract platform, while facing challenges from leading blockchains like Ethereum and Solana. However, ADA’s designation as a security by the SEC led to a sharp price drop and its delisting from major exchanges. Despite a brief price surge with the introduction of the DJED stablecoin, ADA’s value has been volatile. Following a favorable SEC verdict for Ripple, altcoins, including ADA, experienced a price boost. For potential investors, the pressing query is whether ADA can achieve significant price landmarks in both the short and long term, amidst the current 2023 market sentiments.

 

Cardano Price Prediction

Presently, we have seen the crypto market run (after the XRP vs SEC verdict), and this run is mainly led by the major large cap altcoins like ADA, XLM etc. As of August 22nd, 2023, the Cardano price is around 23 rupees or so, with its soaring popularity and market value, one wonders if ADA can reach INR 100 rupees.

Well, in the world of Cryptocurrency, nothing can be said with a full proof guarantee. What we as crypto enthusiasts can do is only make predictions based on the present values of a particular cryptocurrency.

To make ADA price predictions you need to understand the history of the ADA Cryptocurrency. You also need to know ADA price history and evolution of the cryptocurrency.

Equipped with all this info, one can at least hope to make more or less an accurate price forecast for their favorite cryptocurrency, which in this case is ADA.

On that note, in this article, we have tried to give you a holistic basket of information on what exactly Cardano actually is, how it works, its history and evolution, its price history, latest updates, platforms where you can buy it, and some price predictions for the future.

To understand best, stay tuned with us till the end!

What Is Cardano (ADA)?

Presently Cardano is one of the biggest cryptocurrencies in the world.

It is known for its flexible smart contract blockchain platform. And because of this flexibility in its network, it is able to support numerous decentralized finances, smart contracts, and its rapidly rising native token ADA.

It is also a platform that is sustainable and scalable for the development of new games and Tokens.

Website Cardano.Org
Token Ticker ADA
Token Supply 45,000,000,000
Current Supply 35,967,965,707 (78%)
Founder Charles Hoskinson
Release Date October 2017
Network ADA
Consensus Mechanism Proof-of-stake
Current Rank #7
Market cap $12,391,178,657

FDV Cardano: 15,904,324,354 USD.

ADA Market Cap in INR (as of August 22nd, 2023): ₹737,697,688,471.5

ADA in August: Onchain Analysis, Stats and News

  • Cardano TVL as of August 22, 2023 is $159M
  • Robinhood, Bakkt and eToro delisted ADA after SEC calling out ADA as a security.
  • Cardano boasts around 30.77K active users in 24 hours.
  • Minswap is the best decentralised exchange in Cardano ecosystem, with TVL close to 41.62mUSD

How Does Cardano Work?

Crypto investors were waiting for a very long time for Cardano Mainnet to launch and it finally happened on September 12, 2021.

Cardano blockchain can now finally run smart contracts. It works on the proof of stake consensus mechanism. This mechanism used by them is called Ouroburo. Now you see, lately, we see that the cryptocurrency market is hyped up on the unique reward method called the proof of stake consensus.

But what is proof of stake? How is it different from the conventional method of proof of work used by Bitcoin? And how is Cardano working on the new method going to raise and maintains its credibility?

For this, we need to understand the dynamics of the Proof of work and proof of stake mechanism.

What is Proof of Work Mechanism?

You see, cryptocurrency works on sustaining the respective network blockchains. How is that done? For every transaction numerous supercomputers all around the world work toward validating blocks of transactions. Few validated transactions create blocks that form the blockchain of that particular cryptocurrency. Now the people who work on creating these blocks are known as miners. And it is these miners who are rewarded with the cryptocurrency on that particular blockchain- that is how the entire method is programmed.

But this is the general working of the system.

Practically it has multiple ways in which it works. One is the Proof of work: the more conventional and older way of miners being rewarded. And the other is the Proof of stake: the newer and apparently more credible way of validation.

Let’s understand both these methods with simple analogies.

Suppose there is a race with 8 participants. Now, these 8 participants exhibit unique characteristics of their own, while some of them possess weaker talents others have better privileges. For instance, one can be an untrained runner while his peers are trained. One can have branded running shoes while the other is not able to afford such shoes. Like this, situations can be different for different participants. Now, these different situations will have an impact on the results of the race because some players will have better advantages over others. In this race, there is only one winner and it is only that winner who is rewarded. There is no second or third position.

And this is what happens in the case of blockchains validation in the proof of work mechanism.

What is Proof of stake Consensus Mechanism Used by ADA?

Contrary to POW is the case of the Proof of Stake mechanism. Taking the same example, where the race will not be among all the eight participants. Rather one single participant will be chosen to run taking into account his or her characteristics. In the proof of stake mechanism, one miner is selected to complete the block. That catch is, that this miner has to stake a certain amount to be able to start this “race”. Now if the miner is successful then they will be rewarded as well as get back the staked amount. If not, then the miner will lose the collateral-staked amount as well.

The proof of stake mechanism is also seen as a greener alternative to the Proof of Work protocol. The reason is that the former method involves fewer miners to begin the mining process. This ensures less consumption of energy making the process more energy-efficient.

This method ensures a more secure way of validating transactions because it keeps the miners motivated with their deposits of collateral. And this is the method on which the Cardano cryptocurrency works.

Cardano’s Vasil hard fork has now triggered on 22nd of September, 2022. If you would like to read more about the Vasil Hard Fork upgrade and whats’s next for ADA, read this post.

The hard fork was scheduled to happen in June 2022, however, it was postponed by 3 months due to technical difficulties.

It is now trading close to 0.26USD at the time of writing (June 18th, 2023).

After falling from ATH of 2.96 USD to now trading at 0.26 USD, Cardano’s price has corrected by more than 90%.

History And Evolution Of Cardano

It was in 2015, when the co-founder of Ethereum, Charles Hoskinson started the development of Cardano. Cardano was launched in the market in 2017 by Hoskinson.

The blockchain is named after the renowned Italian mathematician called Gerolamo Cardano. And the native cryptocurrency of the platform ADA is named after the English mathematician Ada Lovelace.

Tidbit: The ADA has a subunit called Lovelace. 

1 Ada= 1,000,000 Lovelace

Initially, an initial coin offering was arranged to fund the Cardano project. The initial market cap of the currency when it was introduced in the market was 600 million dollars. By the end of 2017, it had managed to reach a market cap of 10 billion dollars. Later in 2018 for a short period, the market cap was near 33 billion dollars. After a temporary drop in the market cap where the value returned to 10 billion dollars, again it spared to 77 billion dollars in May 2021. And from there Cardano has remained the biggest proof of stake cryptocurrency.

Price History of Cardano from 2017-2022

Price History of Cardano in 2017

When it was launched in October 2017, the price of Cardano opened at 0.021 US dollars. The highest it reached was in December 2017, at 0.777 dollars.

Price History of Cardano in 2018

In the first half of 2018, the highest price of Cardano was in January 2018, at 1.327 dollars. The lowest price was in March 2018 at 0.12 dollars.

In the second half of the year, the price had dropped the highest value was merely 0.13 dollars in July 2018 and the lowest was 0.02 dollars in December 2018.

Price History of Cardano 2019

In the first half of 2019, we saw a slight rise in the price of Cardano with the highest being in June 2019 at 0.1 dollars and the lowest was 0.03 dollars in February 2019.

In the second half of the year, the price had dropped again to 0.08 dollars the highest in July 2019 and lowest at 0.030 dollars in December 2019.

Price History of Cardano in 2020

In the first half of 2020, the highest value of Cardano was in June 2020 at 0.09 dollars and the lowest was 0.01 dollars in March 2020.

In the second half of 2020, we see a slight rise in the price with the highest being 0.19 dollars in December 2020 and the lowest being 0.075 dollars in September 2020.

Price History of Cardano in 2021

In the first half of 2021, the price of Cardano soared and reached the highest being 2.46 dollars in March 2021 and the lowest at 0.16 dollars in January 2021.

In the second half, the price of Cardano rose higher and reached the highest in September 2021 at 3.09 dollars and the lowest being 1.18 dollars in December 2021.

Price History of Cardano in 2022

The highest price of Cardano in 2022 was in January 2022 at 1.63 dollars and it closed trading at 0.25 dollars on 31st December, 2022.

Price of Cardano Today (22nd August 2023)

Today Cardano is trading at 0.25 dollars.

In INR, Cardano price in INR today is 22 INR.

Price Predictions of Cardano 2023-2030 (in USD)

Now that we have gone through ADA price history, let us use the same data to see what would be price predictions for ADA in USD.

Cardano Price Prediction 2023 (in USD)

ADA Price Prediction 2023 Maximum Price Minimum Price
August 2023 $0.39 $0.15
September 2023 $0.27 $0.15
October 2023 $0.17 $0.14
November 2023 $0.14 $0.12
December 2023 $0.17 $0.14

Short term, Cardano is showing bearish sign. ADA in August 2023 could be trading in the range of $0.39 and $0.14.

Eve, near long term it looks bearish as well. ADA token price is expected to keep falling throughout the year. Investors are advised to trade with caution.

Based on our analysis, ADA token’s price by the year end could drop to 0.17 dollars. Possible ADA price in USD for the rest of the year could vary between $0.48 to $0.12 dollars.

ADA Price Prediction 2024 (in USD)

When Maximum Price Minimum Price
January 2024 $0.18 $0.15
February 2024 $0.20 $0.16
March 2024 $0.23 $0.19
April 2024 $0.19 $0.15
May 2024 $0.15 $0.13
June 2024 $0.11 $0.09
July 2024 $0.13 $0.11
August 2024 $0.14 $0.11
September 2024 $0.14 $0.12
October 2024 $0.15 $0.12
November 2024 $0.19 $0.16
December 2024 $0.21 $0.17

Again, the highest value of Cardano can be expected towards the end of the year in December when it might reach up to $0.21.

The lowest ADA price can be expected to hit 0.09 dollars. ADA may not see a strong positive movement in 2024.

ADA Price Prediction of Cardano 2025 in USD

ADA Price forecast 2025 Maximum Price Minimum Price
January 2025 $0.24 $0.19
February 2025 $0.28 $0.20
March 2025 $0.35 $0.28
April 2025 $0.41 $0.29
May 2025 $0.45 $0.36
June 2025 $0.54 $0.38
July 2025 $0.51 $0.41
August 2025 $0.61 $0.44
September 2025 $0.77 $0.62
October 2025 $0.96 $0.69
November 2025 $1.24 $1.00
December 2025 $1.73 $1.24

ADA in 2025 appears to be super bullish.

The maximum value of Cardano in 2025 can be expected to be 1.73 dollars and in INR 162. The lowest value can be 0.19 dollars and in INR it can be Rs.17.

Cardano Price Prediction 2026 in USD

ADA Price prediction 2026 Maximum Price Minimum Price
January 2026 $2.08 $1.68
February 2026 $1.67 $1.19
March 2026 $1.28 $1.03
April 2026 $0.96 $0.69
May 2026 $0.71 $0.57
June 2026 $0.55 $0.39
July 2026 $0.44 $0.35
August 2026 $0.34 $0.24
September 2026 $0.42 $0.34
October 2026 $0.53 $0.38
November 2026 $0.58 $0.47
December 2026 $0.65 $0.47

The price of Cardano might drop significantly in 2026. The bears nay get heavy on Cardano holders. The highest value of Cardano in 2026 can be expected at 2.08 dollars in INR 190. The lowest value can trend at 0.24USD and in INR being Rs. 23.

Cardano Price Forecast 2027 in USD

ADA Price Prediction 2027 Maximum Price Minimum Price
January 2027 $0.82 $0.63
February 2027 $0.89 $0.68
March 2027 $0.84 $0.65
April 2027 $0.94 $0.73
May 2027 $0.80 $0.62
June 2027 $0.67 $0.51
July 2027 $0.70 $0.54
August 2027 $0.60 $0.46
September 2027 $0.50 $0.39
October 2027 $0.40 $0.31
November 2027 $0.34 $0.26
December 2027 $0.29 $0.22

Cardano in 2027 may be super bearish and holding ADA may not be a wise decision. In 2027, the price of Cardano might be 1.02 dollars and INR being 84.61 rupees. The lowest price can hit 0.22 dollars while in INR it can be around 18.5 rupees.

Cardano Price Prediction in 2028 to 2030

Cardano Price
Prediction
2028 to 2030
Maximum Price Minimum Price
January 2028 $0.30 $0.23
February 2028 $0.34 $0.28
March 2028 $0.45 $0.37
April 2028 $0.41 $0.32
May 2028 $0.34 $0.26
June 2028 $0.41 $0.32
July 2028 $0.49 $0.38
August 2028 $0.54 $0.43
September 2028 $0.57 $0.44
October 2028 $0.67 $0.52
November 2028 $0.80 $0.61
December 2028 $0.96 $0.74
January 2029 $1.07 $0.82
February 2029 $1.23 $0.95
March 2029 $1.29 $1.00
April 2029 $1.16 $0.89
May 2029 $1.36 $1.05
June 2029 $1.75 $1.35
July 2029 $1.67 $1.28
August 2029 $2.39 $1.84
September 2029 $2.86 $2.20
October 2029 $3.58 $2.75
November 2029 $4.90 $3.77
December 2029 $6.86 $5.28
January 2030 $5.72 $4.40
February 2030 $7.26 $5.59
March 2030 $6.32 $4.86
April 2030 $7.77 $5.98
May 2030 $6.60 $5.08
June 2030 $5.28 $4.06
July 2030 $6.34 $4.88
August 2030 $5.45 $4.19
September 2030 $6.54 $5.03
October 2030 $8.18 $6.29
November 2030 $9.57 $7.36
December 2030 $11.96 $9.20

ADA Price Prediction 2028

Contrary to 2027, Cardano price prediction for 2028 seems bullish. The highest value this year ADA can reach is 0.96 dollars and in INR it can be 82 rupees. The lowest in 2028 can be $0.23 and in INR it can be 18.7 rupees.

ADA Price Prediction 2029

In 2029, the price of Cardano is expected to rise drastically. The highest this year Cardano may go upto is 6.86 dollars. In INR, the highest might be around 583.1 rupees. While the lowest value of Cardano could be 0.82 dollars and in INR it could be 69.7 rupees.

2030 Price Prediction of Cardano

In 2030 the price of Cardano is expected to soar to more than 10 dollars for the very first time. The maximum Cardano may reac in 2030 is $11.96 which in INR is 1040INR. The lowest value of Cardano in 2030 Can be 4.06 dollars which in INR might be around 353.6 rupees.

Summary table: Cardano Price Prediction in USD 2023 to 2030

Year Maximum Cardano Price Minimum Cardano Price
2023 $0.48 $0.12
2024 $0.23 $0.11
2025 $1.73 $0.19
2026 $2.08 $0.24
2027 $0.94 $0.22
2028 $0.96 $0.23
2029 $3.58 $0.82
2030 $11.96 $4.19

Cardano Price Prediction in INR: 2023 to 2030

Year Maximum Cardano

Price (INR)

Minimum Cardano

Price (INR)

2023 42.60 10.56
2024 20.24 9.68
2025 152.24 16.72
2026 182.24 21.12
2027 82.72 19.36
2028 84.48 20.24
2029 315.04 72.16
2030 1040 353.6

ADA Price Prediction 2023 in INR: Max ADA Price Forecast is Rs.42.60. The lowest price for ADA in INR could be Rs.10.56.

ADA Price Forecast 2024 in INR: ADA price in 2024 in INR is expected to be in between Rs. 20.24 and Rs. 9.68.

Cardano Price Prediction 2025 in INR: Max ADA price for 2025 could be 152.24 INR, whereas min ADA expected price could be close to 72.16 INR.

ADA Price Prediction 2030 in INR: ADA is expected to be priced between 1040 INR to 353.6 INR.

Check: Has ADA been listed as the top Cryptocurrency to buy in 2023?

ADA USD Price Chart: Today, Tomorrow, Weekly

ADA price prediction for today and tomorrow suggests slightly bearish pattern. Monthly, we should see a drop in ADA’s price, as well.

Where Can I Buy Cardano (ADA)?

The Cardano cryptocurrency can be purchased on popular platforms like Coinbase, Binance, eToro, Crypto.com. You can SWAP your BTC, ETH, stablecoins to buy ADA from any of the below crypto exchanges.

Buy ADA with BTC Register here
Binance Sign up here
Huobi Sign up here
OKEx Sign up here
KuCoin Sign up here
Coinbase Sign up here
eToro Sign up here

Our recommended crypto exchange to buy ADA is Kucoin: Sign up here

For Indians, who wants to buy ADA with INR, you can use any of the Indian crypto exchanges mentioned below:

Buy ADA with INR Register here
WazirX Sign up here
CoinDCX Sign up here
Giottus Sign up here
Kuber Sign up here

Out of all the crypto exchanges, the most recommended Indian crypto exchange to buy ADA is WazirX: Sign up here.

Frequently Asked Questions on Cardano

Is ADA a good investment for August 2023?

Honestly speaking, ADA is a good long term investment.

Sometimes back, when SEC called ADA as a security, the price started falling and was trading very close to the bottom. However, after the SEC vs XRP verdict, ADA and other altcoins started showing positive movement, and is now bullish. We expect ADA to go up to $0.39USD by August 2023.

For anyone who can hold ADA till 2025, ADA could give good returns. In my opinion, long term, ADA should grow, as the blockchain ecosystem is just getting started.

Having said that, the Cardano blockchain is very new, and the market price of Cardano is quite high, compared to the stage of product’s development.

However, I would still have ADA in my portfolio because of the great community backing it, but I will not hold more than 0.5 percent of my entire portfolio in Cardano.

How high can ADA go?

As per Cryptobullsclub teams’ ADA price prediction, ADA could reach more than 11.96 USD by 2030, and in terms of INR, 1000 INR is likely. However, cryptocurrencies are volatile. and you should always take calculated risk.

Can Cardano hit 10USD?

We very much think Cardano could reach and even cross 10USD by 2030. For ADA to reach 10USD, it needs to do close to 30x. This will only happen, if we see a major adoption of cryptocurrencies. Cardano, as a blockchain smartcontract product, needs to do a tremendous development. Also, BTC should reach 100k.

What price will ADA be in 5 years?

5 years from now would be 2028. ADA in 2028 is expected to trade $0.96 and $0.23 in 2028. However, in 2025, ADA could reach maximum of $0.96.

Can ADA reach $1000?

Well, for ADA to be priced at $1000, Cardano needs to close to 3300X, which is highly unlikely. Please understand, if ADA reaches 1000USD, the fully diluted market cap would be 45,000,000,000,000USD (4.5Trillion USD), which I do not see it happening anytime before 2050.

Is ADA going to go up?

ADA is like any other cryptocurrency that goes up and down depending upon the market cycle. According to us, ADA will definitely go up from where we are now, but currently the trend is downwards.

What is the ADA price prediction for 2025?

ADA price prediction for 2025 suggest Cardano could be trading in between $1.73 and $0.19.

What is the ADA price prediction in INR for 2025?

ADA in 2025 could be trading in between ₹152.24 and ₹16.72.

Also Read:

Can ADA reach 500 INR?

Looking at the ADA price prediction value above, we can see that ADA can definitely reach 500INR. ADA can reach the price target by the end of December 2030.

Final Words: Should you buy ADA in 2023?

In this article, we have tried to cover every bit about Cardano and its future. We have also mentioned some predicted data about the price prediction of Cardano from 2023 to 2030.

It is currently trading very close to the support zone, and we think ADA is a good buy August and September 2023.

But as always when dealing in the cryptocurrency market, you should be careful. Before even thinking of entering such a speculative finance field you should ensure that you have a secure financial base and you should always do your own research on any cryptocurrency you are interested in.

Disclaimer: This article on ‘Cardano Price Prediction: Can ADA reach 500 INR?‘ should not be treated as financial advice because either is not. It is merely some personal opinions expressed. For best suggestions, we suggest you consult a professional financial advisor and then only come to any conclusion about speculative investment as in cryptocurrency.

What is your price prediction for ADA for the month of August 2023? Do you think we are going up or down? Drop your comment.

That said, we hope this article was helpful to you in some ways and could help you understand certain ideas about Cardano and its price prediction.

Last updated: 22nd August, 2023