2009, for Bitcoin, and 2015, for Ethereum. But how many of us knew that the year 2015 marked another master cryptocurrency’s advent? Not many, until it became the third most popular crypto money, smashing 74,00% up last year! That’s the Cardano network, now considered as one of the most scalable systems, in the World Economic Forum.
Before we dig into the Cardano price prediction, let us have a look at what this altcoin is
What is Cardano (ADA)?
The Cardano network is also the world’s first-ever peer-reviewed decentralized blockchain solution and ADA is the native cryptocurrency that powers that protocol. It was created by ex-Ethereum co-founder Charles Hoskinson and Launched in September 2017. The altcoin has a supply limit of 45 billion tokens and reports even say that 95% of ADA coins are held by Japanese people.
Now let’s know ada price prediction for 2022, and beyond!
Cardano Price Prediction 2022:
ADA price appears to be lately running under the limelight after falling to market crash on January 5th. ADA price experienced a 45% downtrend between the 20th and 22nd of January. Even though ADA dipped beneath the $1 psychological level, it didn’t create any candlestick lower than that. However, it quickly regained this level.
Cardano price traded between the $1.12 and $1 barrier during the start of FEB, signaling a consolidation. On February 5, ADA breached through this sideways movement and produced a swing high above $1.12, flipping into a support floor. However, the uptrend didn’t last long by last week of FEB Russia-Ukraine Crisis Sparked $200 Billion Crypto Price Crash With ADA Price Plung $1.
Overall, if the year 2022 ends with the price falling into a bearish trap hitting the lows, Cardano will start trading bearishly in the second half of 2022. With certain fluctuations, ADA prices may end up trading between $1.5 to $2 indicating the potential low.
If more celebrities debate about the environmental aftermaths of crypto monsters like Bitcoin, Cardano’s price will eventually surge and even reclaim its previous ATH of $3.10, as the altcoin will act as a better alternative and many people will begin investing in this token. ADA price Might hit the potential high of $5 by Year-end
Cardano’s Massive Increase on Reddit:
Specifically, the surge in subscribers became visible in September 2020. However, the increase became notable on the 15th of January in 2021. Amazingly, this is when the Cardano subreddit hit 100,000 subscribers. Since then, the numbers have been skyrocketing.
Furthermore, between 15th January and 23rd February 2021, Reddit Cardano experienced a 100% increase in the number of subscribers. In addition, this took the total number of Cardano enthusiasts on Reddit to 200,000.
The platform did not stop there. The subreddit skyrocketed to 300,000 subscribers between 23rd February and 1st April 2021. At the time of writing, the number now stands above 302,000.
Cardano Prediction For The Next Five Years:
Five years from now, if Cardano implements its open voting system, the network might lose a sector of its traders risking the price to plunge near $6.86. However, considering that ADA has improved bug prevention systems, and if it might work efficiently with the same system down the years, the price may sail in average figures near $10.73.
Another way round, if ADA successfully flags some projects and collaboration that can further work to improve its two-layer security, the price might rise. Also, new updates in smart contracts might begin to start working efficiently, and so the ADA price might strike a maximum of $25.37 by the end of the next five years.
Know ADA price historic sentiments:
The first half of 2019 was bullish for Cardano (ADA). Initially, after reaching $0.05 by 9 January, the price declined before finding support at $0.035 on 6 February. The buyers showed increased interest and pushed ADA to $0.10 on 3 April.
After a slight pullback to $0.057, Cardano tried five times to break through the resistance at $0.10. On 26 June 2019, ADA managed to reach $0.11, but sellers stepped in and dragged the price down. The rest of the year was bearish for Cardano; it was only in December that ADA found support at the $0.03 price mark.
On a bearish note, ADA continued to trade at $0.03 during the beginning of January. With certain variations, the price reached $0.06 in the mid of February. Later, the coin started to decline. Shockingly, the price sank to $0.02 in March as the crypto market crashed due to the Covid-19 outbreak. With a steady recovery, the price moved to $0.15 at the end of July.
Later, the price again fell to $0.07 by the end of September. Further, the price managed to grow and dramatically hit $0.17 at the end of November as Bitcoin continued to grow high. With some variations, ADA ended the year 2020 with a trading price of $0.17.
The asset started with a bullish trend at the beginning of the year. Later, the altcoin hit an all-time high of $2.4 as the Cardano Foundation published an infographic that suggests its ADA cryptocurrency is ideal for Tesla. Further, When the market crashed on May 19th, the price plunged substantially to $1.48 from $2.
The month of August began with a bullish note! After crashing down close to $1, the digital asset bounced back up to reclaim its place on the market charts. The price hit new ATH at $3.08 with the launch of smart contracts around the corner.
The Q4 of 2021 almost remained bearish for ADA price action. As bears haunted the rally, with a consecutive generation of lower highs, it lost 50% of its valuation plummeting from $2.20 to $1.1 by the end of 2021.