Cardano made its debut in September 2017, with a market capitalization of $11 billion. Since then, it has been in the limelight by making its place in the list of top ten cryptocurrencies.
Before investing in any coin, it is essential and rather incumbent upon the investors to carry out detailed prior analysis to avoid any loss due to an uncalculated decision. Therefore, let’s understand what Cardano is and how it has gained a prominent position. We shall look at Cardano’s historical trends regarding investment and then go through Cardano price prediction, which shall enable the readers to make an informed decision regarding their investment.
Table of Contents
An Introduction to Cardano
Cardano is a platform for the development of decentralized apps and smart contracts, which makes it similar to Ethereum. ADA is used to make transactions on Cardano’s platform, identical to how Ether does it on Ethereum. However, Cardano differs from Ethereum in several ways, primarily being technologically advanced than Ethereum and other cryptocurrencies.
It aims to create a 3rd generation blockchain that shall be scalable and interoperable. Charles Hoskinson, who was one of the founding members of Ethereum, is behind the origin of Cardano. Charles has been carrying the concept of Cardano since 2015; however, he was only able to turn it into reality in 2017.
Let’s take a look at the performance of Cardano from the time of its launch and discuss the Cardano price prediction.
Cardano Price Prediction 2020
The tricky nature of the volatile market makes predictions regarding cryptocurrency pricing a problematic task. Still, words of wisdom from the experts can assist us in getting ideas regarding the Cardano price prediction.
Adam Web, who happens to be an author at Smartereum, carries the belief that ADA has a bright future, and according to him, an ADA token might as well be able to reach the $0.5 by the end of 2020.
According to Adam, this success can be because of the following factors:
- Possessing an experienced and reliable team
- Superior technology than competitors
- Its open-source platform
A blogger named Martin made a super optimistic prediction on UsLifted, which is a crypto prediction site. According to Martin’s forecast, a single ADA shall reach as high as $1 by 2020.
Pedro Bernardo, an author at Oracletimes, shares similar optimistic predictions regarding the performance of ADA and believes that it has the potential to reach a value of $1.20 per ADA by the end year 2020.
- Crypto Town
Crypto town is famous for its short term and long-term predictions regarding several cryptocurrencies. According to this site, Cardano is expected to see an increase of 200% during the year 2020 and see its price reach an approximate level of $0.08.
Our Viewpointon Cardano Price Prediction
Cardano is particularly famous in Japan and is sometimes referred to as the Ethereum of Japan.
Some experts predict the installation of ADA ATMs in Japan in the near future, will give a significant boost to its worth. It is also worth mentioning here that Japan currently has the highest adoption rate of blockchain acceptance. According to a survey, 84% of the population of Japan knows about Bitcoin. Thus, this smart move of ADA ATM installation in Japan might prove to be a game-changer for Cardano.
It is likely that 2020 shall prove to be the best year for Cardano during which it shall experience a rapid and significant increase in value and touch a mark of $0.40. Cardano previously reached this value during the December of 2017 but has since then not been able to get back up there.
Cardano Price Prediction 2025
Adam Web from Smartereum believes that a token of ADA will have a value of approximately $2.5 in 2025.
By 2025, Cardano might be able to show better results due to multiple integrations and partnerships which are currently in the pipeline. These integrations and partnerships might give Cardano the boost it needs to surpass the competitors and assist it in reaching the top five cryptocurrencies by market capitalization. Some predictions even place the Cardano value as high as $2.88 per ADA after five years.
Concerning the above price predictions, there are also people suggesting Cardano as a bad investment. The reasons include,
- Comparatively Risky Investment
Cardano is the newest entrant in the top ten cryptocurrencies (by market capital). Thus there isn’t enough data regarding its investment pattern in the past, making it a risky investment.
- Work in progress
Although many promises have been made regarding Cardano and its abilities, all of them are currently in the planning phase or can be rightly called as work in progress. Therefore, to succeed in the future, ADA is highly dependent on the fulfilment of these claims, which restricts us from currently commenting on anything regarding the Cardano price prediction 2030.
The competition in this sector has become fierce and harder than ever before. In addition to Ethereum, NEO and EOS have also emerged as competitors to Cardano. The onset of new coins now and then possessing unique and better features forces the existing coins to perform better or be left out of the market. Therefore, the probability of multiple coins catering to the same market can’t coexist. This puts more stress on Cardano to perform if it aims to outshine its competitors and come out as a clear winner, which, however, it can’t achieve without fulfilling its commitments and promises.
Cardano’s launch had the objective of introducing the world to a new form of payment. It has shown a high potential for growth during the past few years and is likely to continue the trend in the future. However, we recommend investors to manage their risk and diversify their portfolio by investing in other Cryptocurrencies. You can also read TRX Price Predictions, and see if it is a better option than Cardano for the future.
Disclaimer: This article by no means offers any trading recommendations. We advise all investors of the frequent and drastic price fluctuations in the cryptocurrency market. We suggest to invest only after research from multiple sources while acting under local regulations.