Cardano price prediction: What will ADA be worth?

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Cardano’s ADA coin gained in 2021 but has suffered since. Is a recovery on cards in 2022?

A gold ADA coin on a grey background                                 
Can Cardano’s ADA coin recover from the recent slump? – Photo: Shutterstock


Cardano and the ADA coin have grabbed a lot of attention recently, and at the time of writing on 8 August 2022, Cardano is currently ranked as the seventh-largest crypto by market cap.

So, what’s next for the coin? Here we’ll look at making a Cardano price prediction for 2022 and beyond.

ADA and Cardano explained

What are the Cardano blockchain and the ADA coin? One of the key things to remember is that Cardano is the network and ADA is the cryptocurrency. While people do talk about the “Cardano cryptocurrency” and the “Cardano coin,” that isn’t strictly accurate. Nevertheless, an ADA coin price prediction is a de facto Cardano price prediction, so don’t worry too much about terminology.

Cardano is a blockchain, and the organisation behind the technology likes to emphasise how much it bases what it does on research. It wants people to notice the academic nature of its work, issuing its reports in peer-reviewed papers, which it hopes will encourage people to make use of the blockchain.

Who established Cardano?

Cardano was launched in 2017 by Charles Hoskinson, one of the founders of Ethereum. It was created to help in the world of decentralised finance, also known as DeFi.

The concept behind DeFi is, at heart, the concept behind cryptocurrency itself. Many people across the world have access to a mobile phone but do not have a bank account. DeFi is designed to enable them to access financial services without having to go to a bank.

DeFi also helps people send money internationally without having to pay commission, which makes transferring money across boundaries easier and cheaper.

What powers ADA transactions?

Cardano uses smart contracts to carry out transactions. These are computer programs that carry out agreements once particular conditions are met. As we will see below, it is only relatively recently that the system has supported them.

Most importantly, though, Cardano has its own native coin, called ADA, after the 19th century British mathematician Ada Lovelace – daughter of the poet Lord Byron – who worked on Charles Babbage’s proposed mechanical computer, the Analytical Engine. She is widely regarded as the world’s first computer programmer.

ADA lets holders vote on proposals concerning the governance of the blockchain. They can also delegate their voting rights in return for rewards.

As far as obtaining ADA goes, it can be bought and traded on a range of exchanges and it is also issued to people who manage the blockchain, called mCore nodes.

The coin is mined using an algorithm called Ouroboros, named after the mythical serpent that eats its own tail, and uses the proof-of-stake (PoS) method. That means that how much you can mine is tied to how many coins you hold, rather than the miner having to solve increasingly complex equations.

Proof-of-stake is more ecologically sound than the proof-of-work method because it uses less electricity, since less computing power is used, which means fewer computers are needed to mine the coin and thus power the system.

Smart contract improvement for Cardano (ADA)

Something that happened in the not-too-distant past, and that had an impact on both Cardano and the ADA cryptocurrency, was the Alonzo hard fork that was implemented in September 2021. One of the key features of the Alonzo upgrade was that it was designed to implement full smart-contract functionality on the blockchain. 

Smart contracts are often seen as a crucial part of blockchain technology and transactions – and the Cardano blockchain had not really supported them previously, at least not on the public blockchain. 

In a blog post, Tim Harrison – marketing and communications director for IOHK, which was co-founded by Charles Hoskinson in 2015 –  said the hard fork was “an epochal moment in the birth of a new ecosystem”, adding: “It’s only just the beginning. But this is still a moment for celebration. As a community, we have been on an incredible journey together. 

“Rightly, we should allow ourselves to acknowledge the tremendous efforts made by so many to get here. This will also be a time for reflection on the challenges we’ve collectively overcome.”

Harrison said that people needed to calm their expectations, noting that it took two years for the first dApp on the Ethereum blockchain to gain any real traction. 

Sadly for the people behind Cardano, while the upgrade may well have been proved to be useful, the market did not necessarily agree – at least not initially, as we will see later.

Nevertheless, there has been some hope that the introduction of smart contracts to the system will, ultimately, increase the take-up of both Cardano and ADA, and could potentially boost the ADA coin price prediction.

From the Cardano whitepaper

The Cardano whitepaper, which is called Why we are building Cardano: a subjective approach, was published on 28 June 2017 and outlined the motivation behind the protocol’s development. 

The whitepaper explains: “Cardano is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed.”

To differentiate Cardano from other protocols, the whitepaper goes on to describe three major drawbacks of other blockchains. “First, unlike successful protocols such as TCP/IP, there is little layering in the design of cryptocurrencies. There has been a desire to preserve a single notion of consensus around facts and events recorded in a single ledger, regardless of whether it makes sense.

“Second, there is little appreciation for prior results in mainstream cryptographic research. For example, Bitshares’ delegated proof-of-stake could have easily and reliably generated random numbers using coin tossing with guaranteed output delivery, which is a technique known since the 1980s (see the seminal paper by Rabin and Ben-Or).

“Third, most altcoins (with a few notable exceptions, such as Tezos) have not made any accommodation for future updates. The ability to successfully push a soft or hard fork is pivotal to the long-term success of any cryptocurrency.”

ADA/USD price history

Date Close Change Change(%) Open High Low
Aug 8, 2022 0.53120 0.00516 0.98% 0.52604 0.53232 0.52123
Aug 7, 2022 0.52604 0.01604 3.15% 0.51000 0.53641 0.50437
Aug 6, 2022 0.51000 -0.00597 -1.16% 0.51597 0.52188 0.50872
Aug 5, 2022 0.51582 0.01795 3.61% 0.49787 0.51768 0.49778
Aug 4, 2022 0.49787 -0.00130 -0.26% 0.49917 0.50956 0.49200
Aug 3, 2022 0.49922 0.00433 0.87% 0.49489 0.51531 0.48788
Aug 2, 2022 0.49460 -0.01635 -3.20% 0.51095 0.51382 0.48788
Aug 1, 2022 0.51095 -0.00383 -0.74% 0.51478 0.52453 0.49896
Jul 31, 2022 0.51479 -0.00965 -1.84% 0.52444 0.54226 0.51155
Jul 30, 2022 0.52444 0.00403 0.77% 0.52041 0.55341 0.50794
Jul 29, 2022 0.52034 0.00891 1.74% 0.51143 0.54364 0.50474
Jul 28, 2022 0.51137 0.00165 0.32% 0.50972 0.52286 0.48877
Jul 27, 2022 0.50971 0.04352 9.34% 0.46619 0.50997 0.45741
Jul 26, 2022 0.46642 -0.00678 -1.43% 0.47320 0.47576 0.44888
Jul 25, 2022 0.47319 -0.03699 -7.25% 0.51018 0.51377 0.47314
Jul 24, 2022 0.51029 -0.00526 -1.02% 0.51555 0.53434 0.50772
Jul 23, 2022 0.51529 0.03383 7.03% 0.48146 0.51647 0.47124
Jul 22, 2022 0.48146 -0.01636 -3.29% 0.49782 0.50994 0.47550
Jul 21, 2022 0.49792 0.00862 1.76% 0.48930 0.50101 0.47446
Jul 20, 2022 0.48943 -0.02390 -4.66% 0.51333 0.54622 0.48578

ADA price history

Before we can make an ADA coin price prediction, it makes sense to look at the ADA coin price history. While past performance should not be used as an indicator of future results, it helps provide context for how people are reacting to Cardano and ADA.

Cardano soared briefly in 2017

When ADA launched in 2017, it traded at around the $0.02 mark for most of the year. This changed dramatically in early 2018. Cryptocurrency prices soared around this time, and ADA was no exception. It went from an intraday low of $0.3679 on 28 December 2017 to an intraday high of $1.33 on 4 January, a rise of more than 260% in less than a week.

While those highs were, ultimately, unsustainable and the coin ended up settling back to somewhere around the $0.08 mark for the next couple of years, the ADA coin and the Cardano blockchain had, albeit briefly, made their mark on people who followed the crypto market.

How did ADA fare in 2021?

The ADA coin price changed significantly in early 2021. This was a time of substantial growth in the cryptocurrency market, which rewrote some people’s ADA predictions. On 1 January, the coin opened at $0.1814. By 16 January 2021, it had more than doubled to $0.3654.

This was followed by some steady progression. Then, on 5 February 2021, it leapt up, with ADA’s intraday low of $0.4396 being followed by an intraday high of $0.5567 on the same day, a rise of more than 25% in a matter of hours. ADA and Cardano did not stop there, though – on 10 February, the coin reached an intraday high of $0.9439, representing an almost 70% increase in the space of five days.

By now, it seemed inevitable that the ADA coin price would break through the dollar barrier, which it did on 20 February 2021, closing at $1.12.

Although it retreated somewhat after that, hitting an intraday low of $0.9931 on 13 March, it spent most of the next month above the dollar mark. More growth followed, with ADA reaching $1.56 on 14 April 2021. Again, though, the peak was followed by a trough and it fell to an intraday low of $0.9352 on 23 April 2021 before recovering to close at $1.16.

It was after this blip that things became really encouraging for the cryptocurrency’s followers. ADA closed at $1.55 on 12 May 2021, but that was down from the day’s intraday high of $1.82. Two days later, it broke $2 for the first time and reached a new peak at the time of $2.46 on 16 May.

The great crypto day crash and Cardano (ADA)

Storm clouds were on the horizon, however, and the great crypto day crash of 19 May 2021 saw the value of ADA almost halve – going from an intraday high of $2.03 to an intraday low of $1.03. While there was some recovery, with it closing the day at $1.48, it looked as though the damage had been done and the ADA coin price stayed below the $2 mark.

That was until the start of September, when it reached an all-time high of $3.10 on 2 September 2021. The ADA price then crashed following its Alonzo hard fork upgrade on 12 September. At a time when one might have expected the ADA stock to rise, the price of the coin actually fell from $2.64 at the start of the day – before the upgrade was released – to $2.58 at the end of the day.

In fairness, we have to put this in the context of a coin that was, potentially, slightly overvalued facing up to a market that was going through something of a general downturn at the time.  

By 5 October 2021, ADA closed at $2.23. The price stabilised around this point for the next week or so, but then started to deflate. It hit an intraday low of a little over $2.07 on 12 October, before rallying slightly to a little over $2.19 on the morning of 14 October and advancing upwards to $2.22 that evening. Five days later, it dropped back to $2.10. On 24 October 2021, the coin was trading at $2.17.

On 23 November 2021, eToro announced it would delist the coin, citing regulatory concerns, and the coin continued on a downtrend well into December and January. Many altcoins suffered over a weak fourth quarter in 2021, and ADA was no exception. Opening on 1 December at $1.55, the coin closed 31 December 2021 at $1.31, a loss of more than 15%.

Eco milestone for Cardano in 2022

The coin opened on 1 January 2022 at $1.31 and remained volatile. Cardano announced on 9 January that the team had hit a new milestone – one million trees had been planted and recorded on the Cardano blockchain, for “enhanced transparency and to serve as public proof of land restoration activities”. The coin peaked at $1.63 on 18 January 2022. 

The first decentralised exchange (DEX) SundaeSwap went live on 20 January 2022, but congestion issues plagued the update. By the end of the month, the coin was trading at lows of $1.01. 

Another major milestone was passed on 8 February 2022, when the total number of Cardano transactions surpassed 30 million, aligning roughly with Cardano’s projected increase in network activity. While the coin closed at $1.18 that day, things started going downhill during the rest of February, with the problem exacerbated by global tensions surrounding Russia’s invasion of Ukraine, which saw ADA dip to an intraday low of $0.7528 on 24 February 2022.

Over the next week, there was some recovery and the coin broke back through $1 briefly on 1 March 2022, but not even the news that Wonder Woman star Gal Gadot was one of the people who helped the AdaSwap exchange raise $2.6m in its latest round of funding could halt the decline, and on 3 March 2022 the coin stood at just under $0.90.

The coin looked as if it would continue to struggle, but on 22 March 2022, the news that ADA would be the largest cryptocurrency in crypto investment firm Greyscale’s latest fund helped boost the ADA stock and saw the coin’s price hit around $0.98, with a small bull run seeing the coin hit highs of $1.24 on 28 and 29 March 2022.

The price then dipped with the news that China was introducing a crypto ban, which saw it drop to $0.9201 on 11 April. April was a poor month for crypto in general and ADA was no exception, closing the month at $0.7567. There was then something of a quiet recovery, but to nothing like where it was in early April and, on 6 May 2022, it was worth around $0.79.

After that, though, the depegging of the TerraUSD stablecoin and the collapse of the associated LUNA cryptocurrency saw the market in crisis and, by 20 May 2022, ADA was worth about $0.536. By 1 June, it was back up slightly at around $0.585.

In the run-up to the Vasil hard fork being implemented, ADA had to fight against a bear market emphasised by the cancellation of withdrawals on the Celsius crypto lending platform and, on 18 June, it fell to $0.4234. While there was some fightback to a high of $0.524 on 26 June, there was another decline as market conditions worsened and, on 13 July, ADA fell to $0.4064.

There was something of a recovery after this, with the crypto closing the month at $0.517, and on the morning of 8 August 2022, ADA was worth about $0.5395.

ADA coin price prediction

What of the future of Cardano? What sort of Cardano price prediction can be made? What is the Cardano price prediction for 2022 and beyond? Let’s take a look – but do bear in mind that long-term coin price predictions are often made using computer algorithms and should never be taken as an accurate forecast of the Cardano future price. 

WalletInvestor indicates bearish development for the Cardano coin price prediction. It forecasts the ADA coin price will fall to $0.0357 in a year’s time.

CoinPriceForecast’s ADA coin price prediction for 2022 sees it closing out the year at $0.84. By the end of 2023, the coin could be worth $0.97. The site suggests a general year-on-year uptrend, and the site’s ADA price prediction for 2030 is for the coin to reach $2.33 by year-end. 

CryptoNewsZ believes that Cardano will see growth over the next few years. It should get to somewhere between $0.70 and $1.30 this year, while it should stand at between $1.20 and $1.50 in 2023, and be worth between $1.29 and $1.75 in 2024. The site’s Cardano price prediction for 2025 is anywhere from $1.32 to $2.00, while the following year it should reach between $1.50 and $2.20.

DigitalCoinPrice’s Cardano prediction for 2022 states that the ADA coin price should average around $0.71. Its ADA coin price prediction for 2023 could see an average price of $0.80 before it rises to $1.05 in 2025. By 2026, it should see a dip to $0.95 before it bounces back to $1.30 the following year.

It should then be all upwards for the coin, with a Cardano price prediction that sees it closing this decade at around $2.22 and starting the next one trading in the region of $2.51, before reaching $2.80 in 2031.

Finally, LongForecast’s vision of the future of Cardano is bleak. The site says that ADA may close 2022 at $0.44. It believes the ADA price will hit $0.17 in November 2023. The site’s ADA price prediction for 2025 sees it close the year at $0.23, leading to a Cardano price prediction of $0.15 in August 2026.


As of 8 August 2022, there were 33.74 billion ADA in circulation, out of a total supply of around 34.5 billion.

It might do, but if it does, it may not happen for quite some time yet. It is worth bearing in mind, though, that cryptocurrencies are highly volatile and price forecasts are often wrong, so you should always exercise caution.

The answer to this question depends on which site you’re looking at. For instance, CoinPriceForecast says ADA will close 2025 at $1.34, while DigitalCoinPrice says it should reach an average of $1.05 and LongForecast predicts ADA will close the year at $0.23.

These figures are highly speculative, so you will need to do your own research before committing to ADA.

The ADA coin might turn out to be a good investment, but equally, it might not.

Always remember that cryptocurrencies are extremely volatile and that prices can go down as well as up. You should always do your own research and never invest more money than you can afford to lose.

Further reading

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