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 2024 market sentiments.
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 17th, 2024, the Cardano price is around 55.58 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 | 35,375,448,061 ADA |
| Founder | Charles Hoskinson |
| Release Date | October 2017 |
| Network | ADA |
| Consensus Mechanism | Proof-of-stake |
| Current Rank | #10 |
| Market cap | $15,833,229,179 |
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.
The hard fork was scheduled to happen in June 2022, however, it was postponed by 3 months due to technical difficulties.
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 History of Cardano in 2023
In the beginning of 2023, ADA was trading at 0.2464, but it slightly forward to a little bullish trend by the end of 2023, with the price reaching 0.6337.
Price of Cardano Today (17th March 2024)
Today Cardano is trading at $0.447 dollars.
In INR, Cardano price in INR today is 37.29.
Price Predictions of Cardano 2024-2030 (in USD)
Now that we have gone through ADA price history, let us use the same data to see what price predictions for ADA in USD would be.
ADA Price Prediction 2024 (in USD)
ADA Price Prediction of Cardano 2025 in USD
| When | Maximum Price | Minimum Price |
| January 2025 | $0.745 | $0.601 |
| February 2025 | $0.677 | $0.484 |
| March 2025 | $0.691 | $0.557 |
| April 2025 | $0.628 | $0.449 |
| May 2025 | $0.683 | $0.551 |
| June 2025 | $0.751 | $0.536 |
| July 2025 | $0.736 | $0.594 |
| August 2025 | $0.883 | $0.631 |
| September 2025 | $0.892 | $0.720 |
| October 2025 | $0.811 | $0.579 |
| November 2025 | $0.827 | $0.667 |
| December 2025 | $0.836 | $0.597 |
In January 2025, the ADA Token’s price is expected to reach a maximum of $0.745 and a minimum of $0.601. By December 2025, the ADA Token’s price is expected to peak at $0.836 and drop to a minimum of $0.597. Throughout 2025, the ADA Token is expected to exhibit varying trends, with notable highs of $0.883 in August, $0.892 in September.
Cardano Price Prediction 2026 in USD
| When | Maximum Price | Minimum Price |
| January 2026 | $0.877 | $0.708 |
| February 2026 | $0.965 | $0.689 |
| March 2026 | $0.977 | $0.718 |
| April 2026 | $1.053 | $0.752 |
| May 2026 | $1.158 | $0.934 |
| June 2026 | $1.053 | $0.752 |
| July 2026 | $0.870 | $0.702 |
| August 2026 | $0.791 | $0.565 |
| September 2026 | $0.989 | $0.797 |
| October 2026 | $1.236 | $0.883 |
| November 2026 | $1.360 | $1.096 |
| December 2026 | $1.523 | $1.088 |
Cardano Price Forecast 2027 in USD
| When | Maximum Price | Minimum Price |
| January 2027 | $1.675 | $1.351 |
| February 2027 | $2.010 | $1.436 |
| March 2027 | $1.827 | $1.474 |
| April 2027 | $2.010 | $1.436 |
| May 2027 | $2.211 | $1.783 |
| June 2027 | $1.701 | $1.215 |
| July 2027 | $1.361 | $1.097 |
| August 2027 | $1.055 | $0.753 |
| September 2027 | $1.319 | $1.063 |
| October 2027 | $1.648 | $1.177 |
| November 2027 | $1.813 | $1.462 |
| December 2027 | $2.030 | $1.450 |
Cardano Price Prediction in 2028 to 2030
ADA USD Price Chart: Today, Tomorrow, Weekly
ADA price prediction for today and tomorrow suggests slightly bullish pattern. Monthly, we should see a up 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
How high can ADA go?
As per Cryptobullsclub teams’ ADA price prediction, ADA could reach more than $5.289 USD by 2030, and in terms of INR, 441.23 INR is likely. However, cryptocurrencies are volatile. and you should always take calculated risk.
Can Carda no hit 10USD?
We very much think Cardano could reach and even cross 10USD by 2033.
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 in INR for 2030?
ADA in 2025 could be trading in between $2.779 and $5.237.
Also Read:
- Where to stake ADA in August 2024?
- Where to store ADA: Best Cardano wallets – June 2024
- What is Cosmos ATOM? Everything You want to Know about this Blockchain Network
Final Words: Should you buy ADA in 2024?
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 2024 to 2030.
It is currently trading very close to the support zone, and we think ADA is a good buy March and April 2024.
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 March 2024? 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: 2nd June 2024
