Dear Readers
Most cryptocurrencyinvestors and traders are accustomed to market volatility, with huge fluctuations being the norm rather than the exception.
The Cardanoblockchain’s native ADA cryptocurrency is not immune to volatility and has seen its fair share of price movement. Only recently, ADA rose from $0.28 in July 2023 to $0.35 in April, only to drop down to $0.25 in August and then climb back up to $0.32 by the end of the month.
Cardano, or ADA, is worth $0.24 today, with a circulating supply of 35.12B ADA for a market cap of $12.3 billion. But what is Cardano’s future?
Cardano (ADA) Price Prediction 2025
With the Vasil hard fork failing to boost ADA price, and inflation expected to continue, analysts including LongForecast, a platform specializing in long-term price predictions, argue that Cardano is facing a long downturn. The platform’s analysts have given an ADA price prediction 2025 of only $0.09 to $0.15.
Cardano is not dead, however, and although outpaced by its competitors, it remains 8th by market rank. It is also important to remember that the Vasil update has not even been active for a month, and as its new features, improved performance, and lower gas fees become apparent, it will spark fresh investor interest. If this happens, those who bought in during the bear market could see significant returns.
Cardano also boasts the one thing that many of its competitors do not: a consistent top 10 spot in the crypto industry. This makes Cardano one to watch; if it delivers, there will be no stopping the buying pressure which will push prices back up in time to come.
Now Let’s get intoa bit of contextanalysis regarding what the future holds for Cardano(ADA):
Until this suit, our main concern with ADA was simple: it was too slow in upgrading to compete effectively and replace ETH as the top L1.
It is actually more decentralized in its node validation than ETH. That’s partly why Cardano flatly rejected the SEC suit.
Beyond that, it’s growing slowly, and all the developers who have looked at the code agree that it is best-in-class.
2. After The SEC
eToro just delisted 4 cryptos: MANA, MATIC, DASH and ALGO.
Check full details in this link:
Robinhood, however, delisted 3 coins: ADA, MATIC, and SOL.
Also, more details are in the link below:
Binance and Coinbase, which were both directly sued by the SEC as exchanges, didn’t delist any, as far as I can tell.
I think this shows you that there have been a range of responses to the SEC’s suits. In fact, I tend to think that since ADA is so decentralized, the purpose of the suit is to test just how far the SEC’s jurisdiction reaches.
The US has no comprehensive crypto framework and given how slow Congress is to do anything, it’ll be another 10 years before it does. The SEC, however, thinks it needs to regulate the space because of the FTX blow-up.
Notably, this is a personal matter for Gensler, who started out as a crypto friend. Then he became friends with SBF—who carried out the largest fraud in financial history under Gensler’s watch.
3. XRP Comparison
This suit won’t take as long as the Ripple (XRP) case because that case will be decided and used as a precedent with Cardano.
What happens for any coin that the SEC sues, it appears, is that they have a difficult time breaking to new all-time highs.
If the SEC prevails, then the coins might go to $0. I don’t see how that protects investors at all, but I don’t make the rules here. If the SEC loses, then a surge to all-time highs might be in the cards.
Is Cardano a Good Investment for the long term?
Let’s be frank, unless you’re a day or swing trader, not much has been a good investment in 2023 if you bought in during this bear period–because the dips keep dipping.
Bitcoin itself has fallen by more than 70% from its peak of $68K, and most altcoins, by more–80% to 90%.
As such, Cardano may not provide great returns in the short term, but several factors indicate it may be a coin to seriously consider if you’re looking at a long-term investing horizon. These factors include continuous improvement and performance (no outages, transaction speed, cost, etc).
How long is long-term in crypto? Well, if you had bought in five years ago when ADA’s price was $0.02, you would have made a gain of well over 1,900% if you sold off in November 2022, when its price was about $0.40.
To bring this all together, ADA is highly decentralized and I think they have a relatively strong case in response to the SEC.
They might still lose though, and the downsides for that are pretty stark: ADA could go to $0.
If they win, then I see ADA surging. It would also have a strong position relative to other coins since it would be SEC-compliant. I do think they should take steps to register with the CFTC to whatever extent that is needed though.
Presently, ADA has a fully diluted market cap (FDMC) of $12.3b and a price per coin at $0.24. To Reach $10,000 a coin it would need to do37,037x = $455.55 quadrillionin fully diluted market cap value. Just know.
I do think that long term, ADA could hit $1.2 trillion in FDMC if it succeeds in beating the SEC case, registering with the CFTC, and retaining its position as a top 3 L1 coin.
Assuming the top 3 L1s split a pie of value worth $11 trillion (about half the US M2), and do so unevenly, with ETH + L2s on ETH taking most of that, $1.2 trillion still seems possible.
So100xwould be possible should all things turn out well. A lot of “ifs” in that analysis, but a promising path too.
What Could Push Cardano Price Up?
Cardano is fighting its competition and the drop in its value with upgrades. The Vasil upgrade, a major hard fork that upgraded functionality and reduced gas fees by up to50%, was launched on 22 September 2022.
While the last hard fork in September 2021 propelled the ADA price to its all-time high of $3.10, the same price appreciation was not seen following the Vasil hard fork, for reasons that have less to do with Cardano itself, and more to do with the overall market sentiment.
For one, it’s a very different market playing out when Vasil happened. The macroeconomic landscape looks bleak, with successive US Fed interest rate hikes sending the financial markets, including the crypto market, crashing.
Secondly, most altcoins worth their salt saw new all-time highs in tandem with Bitcoin reaching a record-high of $68K back in November 2021.
In summary, what will restore Cardano’s price will be a shift in market sentiment–when the market heads into the next bull market, that will be when Cardano will shine.
Cardano Price Prediction 2030, 2040, and 2050
Using technical tools, the price analysis platform, bitNation, has given an ADA Cardano highest price prediction of $3.63 and lowest of $3.41 for 2024.
BitNation is one of few price prediction platforms that believe Cardano will show huge growth, with most predicting a more bearish turn of events. However, it should be remembered that the market is an emotional one, and Cardano holds the power of reputation as a relatively stable crypto investment.
If Cardano can catch up to its competitors in terms of its offering, then ADA will most likely take the bigger portion of the investment and the Cardano price prediction will be bullish.
Cardano Price Prediction 2040 and 2050
More long-term ADA price predictions into the next decades like 2040 or 2050 will depend on Cardano’s upgrades and direction, as well as the external factors of market movement and crypto adoption. When focusing on Cardano’s internal aspects, the best place to see its planned developments (which will affect the ADA Cardano price prediction) is its roadmap.
As the Vasil upgrade takes Cardano further into the BASHO phase of its roadmap, the blockchain enters its final phase before true decentralization. With the next phase, Voltaire, Cardano should be ready to fly with its community at the helm.
At this point, Cardano should be fast, efficient, cost-effective, and secure–all of which should come with Vasil.
Following this, the aspirational decentralization to be achieved during the Voltaire phase will help push Cardano price up come 2040s and 2050s.
How High Can Cardano Go? What Is Cardano’s Potential?
An exact ADA crypto price prediction for any timeframe is near impossible since the industry itself is still young and very much in a state of price discovery. However, through technical analysis tools and Cardano’s own roadmap, we can make a reasonable ADA prediction. ADA price predictions, for now, remain bullish. It has consistently remained in the top 10 cryptos by market cap, and yet clearly shows that it is not taking that for granted.
How do you as a long-term investor profit from Cardano
As a long-term investor looking to profit from Cardano (ADA), there are several strategies and methods you can consider. Cardano offers unique opportunities, including staking, which allows you to earn passive income by participating in the network's consensus mechanism. Let's delve deeper into these methods:
1. Holding and Dollar-Cost Averaging (DCA):
Method:The simplest and most common approach is to buy ADA and hold it in your wallet for the long term. You can also employ DCA, which involves investing a fixed amount of money at regular intervals (e.g., monthly) to accumulate ADA over time.
Access: You can purchase ADA on popular cryptocurrency exchanges like Binance, Coinbase, Kraken, or through peer-to-peer platforms.
2. Staking ADA:
Method:Cardano employs a proof-of-stake (PoS) consensus mechanism, allowing ADA holders to participate in staking. By staking your ADA, you help secure the network and, in return, earn rewards in the form of additional ADA tokens.
Access: To stake ADA, you can use official Cardano wallets like Daedalus or Yoroi. Alternatively, you can delegate your ADA to a stake pool on these wallets. Algoo Strategies, for instance, offers ADA staking opportunities, with an APY over 6%. Delegating to a reputable pool can generate passive income.
3. Participating in Governance:
Method:Cardano's on-chain governance allows ADA holders to participate in the decision-making process by voting on proposals and improvements. Engaging in governance can earn you rewards.
Access: To participate, you can use Cardano wallets with governance features. Ensure that you hold a minimum amount of ADA to be eligible to vote.
4. Diversification:
Method: Consider diversifying your cryptocurrency portfolio, including ADA, to spread risk. Diversification can help you mitigate losses during market downturns while still benefiting from ADA's potential growth.
Access: Use established cryptocurrency exchanges to diversify your portfolio by investing in various cryptocurrencies.
Remember that the passive income you'll earn is in ADA tokens, not cash. That means the value of your income will depend on Cardano's price.
Unique risks
Reliance on research is a key part of Cardano, but this can also be a disadvantage. While Cardano is still in the research phase, it gives competitors the opportunity to acquire larger market shares.
For example, despite launching in 2017, it wasn't until September 2021 that Cardano launched smart contracts. It also had issues with them right away. The very first dApp, a multiple exchange called Minswap, had to shut down due to issues with processing transactions.
Ethereum had already been running smart contracts for years at this point, which helped establish it as the blockchain with the most dApps. Another competitor,Solana(CRYPTO:SOL), also beat Cardano to the punch despite the fact that it didn't launch until 2020.
To its credit, the Cardano ecosystem has been steadily growing. It now hasdecentralized exchanges,NFT marketplaces, blockchain games, and much more.
Hedging Your ADA with Algoo Strategies
At Algoo Strategies, we have devised an intricate approach to hedging ADA that revolves around harnessing the capabilities of DeFi. The core principle is diversification, the foundation of risk management. By distributing your investments across a range of DeFi protocols, we mitigate the adverse impacts of severe price fluctuations on any one asset, ensuring the security of your portfolio.
Another pillar of this strategy is the utilization of stable yield protocols. The bedrock of stability in the DeFi sphere lies within stablecoins. By converting your assets into stablecoins, you can shield your investments from the erratic price swings that commonly beset cryptocurrencies. Furthermore, these stablecoins offer a gateway to amplified returns, securing a compelling opportunity for profit.
The final, and perhaps most crucial aspect of our approach, is the provision of expert guidance. Our accomplished team is dedicated to aligning your investments with your financial aspirations and risk tolerance. We tailor personalized schedules designed to optimize your ADA holdings within the diverse DeFi ecosystem. Our commitment to providing you with a steadfast strategy is unwavering.
If you're poised to shield your ADA investments and unlock the potential for substantial returns, the moment to act is now. Simply complete our Portfolio Builder Questionnaire, and we'll supply you with a personalized plan that will empower you to navigate the DeFi realm confidently and lucratively. Bid farewell to the anxiety wrought by crypto price fluctuations and welcome the era of a secure, diversified portfolio with Algoo Strategies.
The future of cryptocurrency is undeniably promising, and you undoubtedly want to be part of this wave. Join us in the world of decentralized finance, where your ADA investments can flourish without the anxiety associated with significant price volatility. Safeguard your financial future today, with Cardano, the intelligent choice.
Thanks for reading!
Jonathan Bakke
