Cardano Price Prediction 2030: 4 Expert Opinions
Cryptocurrencies facilitate borderless payments, allow to store value, trade, earn through mining, and so on. Yet, one of their biggest disadvantages is a Proof-of-Work (PoW) consensus method. It appeared to be an energy-consuming way of building blocks. Hence, it causes serious damage to the environment.
That is why cryptocurrencies like Cardano (ADA) are the market’s future. It uses a much more eco-friendly Proof-of-Stake (PoS) consensus method. What else is so special about Cardano? This article will answer this question and provides you with Cardano price prediction 2030.
Cardano: Basic Info
The release of Cardano (ADA) was in 2017 by mathematician and technology entrepreneur Charles Hoskinson. From a technical point of view, Cardano is a PoS blockchain platform. It is one of the biggest blockchains that allow decentralized apps and smart contracts to develop within its network. The project was designed to overcome the main problems of other cryptos — scalability and interoperability.
ADA coin not only empowers the functioning of the Cardano blockchain but also performs governing functions. ADA is used for paying transaction fees and as a reward given to validators of the network. Cardano can be described as a decentralized, transparent, and eco-friendly blockchain.
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ADA Price History
Yet, if you consider only the characteristics of cryptocurrency, it is still not enough to make an investment decision. The price history and future trends will help us understand if it is the right time to invest.
ADA history price shows that the first price surge took place right after the project launch — from $0.028 to $1.1. The next increase was after the release of the “Shelley” upgrade, which was meant to make blockchain more decentralized. Yet, the biggest price jump was caused by the announcement of the hard fork in August 2021. The update was supposed to facilitate smart contract functionality within Cardano blockchain. The announcement helped to set up the all-time high price in September 2021 — ~$3! Moreover, nearly 100 smart contracts were built in the following 24 hours after the launch.
In the middle of 2022, the price and market capitalization of ADA, along with the whole crypto market, has fallen. The market capitalization of ADA shows around $16.7 billion and the price is $0.50 per coin.
If to compare Fantom vs Cardano (this is a popular trading pair), we can see that their price trajectories are very similar.
Cardano Expert Forecast 2023-2030
Last but not least prior to buying ADA is to look at the price predictions for Cardano. The following services combine a technical analysis of the past price trends with the assistance of artificial intelligence:
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Priceprediction.net
Based on Priceprediction.net, you can expect to double your investments already in 2023. Also, the ADA price can surge up to $13 by the end of the current decade.
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Digitalcoinprice.com
Digitalcoinprice.com is more skeptical. This platform forecasts the peak ADA price near $0.72 in 2023 and $2.27 in 2030.
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Cryptopolitan.com
According to Cryptopolitan.com, the ADA price cannot go higher than $1.2 in the next year and will not overcome $10.4 in July 2027.
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Gov. capital
The brightest ADA price forecast is given by Gov. capital. This platform predicts the average trading price of the coin around $0.87 in 2023 and $13.92 in 2030.
Still, the listed above forecasts cannot be 100% accurate since many unforeseen events can manipulate the coin’s price.
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Is It a Good Idea to Invest in ADA?
ADA is one of the biggest cryptocurrencies on the market by market capitalization and trading volume. Thanks to the PoS consensus method and smart contracts, along with DeFi features, Cardano’s blockchain has a real utility. Consequently, it has a big potential in the future.
The ADA price rises after the updates of Cardano’s blockchain but not due to media coverage. Many price prediction sources forecast a high ROI for ADA investors in the following years. Hence, ADA can be considered a good investment. But remember that any crypto investment is risky if not approached wisely.
Would you like to read more about Cardano price prediction-related articles? If so, we invite you to take a look at our other tech topics before you leave!
