2021 was a good year for Cardano. The coin entered the TOP 10 largest cryptocurrencies and holds positions in the top ten. After reaching a local high in May, the coin held out with dignity during the general summer recession and reached new heights. Many analysts and investors believe that this asset definitely has a good future.
What is Cardano
Cardano is a third-generation blockchain that uses its own modification of the Proof-of-Stake consensus. The goal of the project is quite ambitious. According to the creators, the platform will provide a transparent, secure and sustainable infrastructure for business and help restore user confidence in the global system.
ADA’s own coin, named after Ada Lovelace, is used to settle and secure the network. Coin holders can actively participate in the development of the platform by voting on the proposed software changes.
Agricultural producers use Cardano to optimize their supply. Decentralized applications based on the Cardano blockchain protect the stored educational data from manipulation and help reduce the number of counterfeits in various fields of activity.
ADA price prediction
2022 was opened at a price close to $ 1.3 per coin. As of this writing, the coin is trading at around $ 1.15. The coin is giving bullish signals for the coming years. If the bullish trend begins in the first quarter of this year, then the price of ADA will soon exceed $ 3.
If during this period a bearish trend is established in the market, a further decrease in the price relative to the current level is possible. The ADA team is currently working on completing the third major platform update. In case of successful completion of this stage, ADA may rise in price to $ 5 or more by the end of this year. Given the sensitivity of the exchange rate of digital currencies to such events and other specific factors, it is worth remembering that any Cardano price prediction based on technical analysis is very approximate.
ADA price forecast for 2022
According to analysts’ calculations, the coming year looks bullish. It is most likely that ADA will cost about $ 2.57 by the end of the year. The most expected average coin price is around $ 2.15.
ADA price forecast for 2025
In the long term, the coin has a lot of growth potential. Subject to the successful implementation of the planned series of upgrades and additional investment inflows, the coin is likely to add value. The expected average price of Cardano in 2025 is about $ 5.67, according to more optimistic forecasts – up to $ 6.6.
ADA price forecast for 2030
If the trends in the development of the crypto industry remain the same, by 2030 the price of ADA will exceed $ 43. The most likely average price is $ 35.3 per coin.
Cardano (ADA) is a good investment?
The coin is among the top ten cryptocurrencies and this indicates its investment potential. ADA technology continues to improve and by the end of 2021 the site is considered one of the busiest. This altcoin is quite popular among reputable crypto investors. However, before investing in ADA or any other digital coin, do your own market research. Never invest more in them than you are willing to lose if your predictions fall short.
Where to buy ADA
The coin is very popular and is traded on all major exchanges, in particular HitBTC, Binance, Bittrex, Huobi, Coinbase and others. If you are not satisfied with the conditions of traditional platforms, https://letsexchange.io/ is at your service. The platform supports direct exchange of ADA for 300+ digital coins. The exchange is available without registration and KYС.