What Is Cardano (ADA)?
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
To learn more about this project, check out our deep dive of Cardano.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” – helping to create a society that is more secure, transparent and fair.
Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.
In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
Who Are the Founders of Cardano?
Cardano was founded by Charles Hoskinson, who was also one of the co-founders of the Ethereum network. He is the CEO of IOHK, the company that built Cardano’s blockchain.
In an interview for CoinMarketCap’s Crypto Titans series, Hoskinson said that he got involved in cryptocurrencies back in 2011 – and dabbled in mining and trading. He explained that his first professional involvement in the industry came in 2013, when he created a course about Bitcoin that ended up being taken by 80,000 students.
As well as being a technology entrepreneur, Hoskinson is also a mathematician. In 2020, his technology company donated ADA worth $500,000 to the University of Wyoming’s Blockchain Research and Development Lab.
Cardano Price Prediction
If you’re looking for Cardano price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Cardano (ADA) will go in the future? We will analyze the past prices of Cardano (ADA) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
Cardano (ADA) Price Prediction
At reconshell.com we predict future Cardano price predictions/ADA forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Cardano. We do our best to collect maximum historical data for the ADA coin which include multiple parameters like past price, Cardano marketcap, Cardano volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Cardano Price Prediction 2021
According to our deep technical analysis on past price data of ADA, In 2021 the price of Cardano is predicted to reach at a minimum level of $1.17. The ADA price can reach a maximum level of $1.33 with the average trading price of $1.30.
Cardano Price Prediction 2022
The price of Cardano is predicted to reach at a minimum level of $1.78 in 2022. The Cardano price can reach a maximum level of $2.17 with the average price of $1.85 throughout 2022.
ADA Price Forecast for 2023-2024
As per the forecast price and technical analysis, In 2023 the price of Cardano is predicted to reach at a minimum level of $2.69. The ADA price can reach a maximum level of $3.14 with the average trading price of $2.76.
The price of 1 Cardano is expected to reach at a minimum level of $3.84 in 2024. The ADA price can reach a maximum level of $4.69 with the average price of $3.98 throughout 2024.
Cardano Price Prediction 2025
Cardano price is forecast to reach a lowest possible level of $5.51 in 2025. As per our findings, the ADA price could reach a maximum possible level of $6.68 with the average forecast price of $5.67.
Cardano Price Prediction 2026
According to our deep technical analysis on past price data of ADA, In 2026 the price of Cardano is forecasted to be at around a minimum value of $7.77. The Cardano price value can reach a maximum of $9.39 with the average trading value of $8.00 in USD.
Cardano (ADA) Price Prediction 2027
The price of Cardano is predicted to reach at a minimum value of $11.08 in 2027. The Cardano price could reach a maximum value of $13.40 with the average trading price of $11.40 throughout 2027.
Cardano Price Prediction
As per the forecast and technical analysis, In 2028 the price of Cardano is expected to reach at a minimum price value of $16.43. The ADA price can reach a maximum price value of $19.29 with the average value of $16.89.
Cardano (ADA) Price Prediction 2029
The price of Cardano is predicted to reach at a minimum value of $24.84 in 2029. The Cardano price could reach a maximum value of $28.47 with the average trading price of $25.51 throughout 2029.
Cardano Price Prediction 2030
Cardano price is forecast to reach a lowest possible level of $34.03 in 2030. As per our findings, the ADA price could reach a maximum possible level of $43.08 with the average forecast price of $35.30.
What Makes Cardano Unique?
Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy intensive than the proof-of-work algorithm relied upon by Bitcoin. Although the much larger Ethereum is going to be upgrading to PoS, this transition is only going to take place gradually.
The project has taken pride in ensuring that all of the technology developed goes through a process of peer-reviewed research, meaning that bold ideas can be challenged before they are validated. According to the Cardano team, this academic rigor helps the blockchain to be durable and stable – increasing the chance that potential pitfalls can be anticipated in advance.
In 2020, Cardano held a Shelley upgrade that aimed to make its blockchain “50 to 100 times more decentralized” than other large blockchains. At the time, Hoskinson predicted that this would pave the way for hundreds of assets to run on its network.
The Alonzo hard fork launch in September 2021 will bring an end to the Shelley era, and usher in the Goguen phase. Users can develop and deploy smart contracts on Cardano, allowing native decentralized applications (DApps) to be built on blockchain. Cardano price broke the $3 mark and hit an all-time high of $3.101 on Sept. 2, 2021, ahead of the launch.
How Many Cardano (ADA) Coins Are There in Circulation?
There is a maximum supply of 45 billion ADA – but at the time of writing, there was a circulating supply of about 31 billion. Five rounds of public sales of Cardano tokens were held between September 2015 and January 2017. Cardano price during its pre-launch sale was $0.0024, which represents an over 1000x return, given Cardano price now.
Approximately 2.5 billion ADA was allotted to IOHK once the network launched. Meanwhile, an additional 2.1 billion ADA was given to Emurgo, a global blockchain technology company that served as a founding entity of the Cardano protocol. Last but not least, 648 million ADA was given to the not-for-profit Cardano Foundation, which aims to promote the platform and increase levels of adoption.
Overall, about 16% of ADA’s total supply went to the project’s founders, with the remaining 84% being split among investors.
How Is the Cardano Network Secured?
Cardano is secured through an “environmentally sustainable, verifiably secure” PoS protocol that’s known as Ouroboros.
The project says that Ouroboros improves upon the security guarantees that are delivered by a PoW consensus mechanism while using substantially less power – claiming that it is four times more energy efficient than Bitcoin.
It is described as a blend of unique technology and mathematically verified mechanisms, with behavioral psychology and economic philosophy thrown in for good measure. Overall, the objective of Ouroboros is to achieve sustainable and ethical growth.
An incentive mechanism means that participants in the network are rewarded for their involvement.
What Is Cardano’s Alonzo Upgrade?
On Sept. 12, Cardano released its highly-anticipated Alonzo upgrade. Following the upgrade, the blockchain network can now support a wide range of crypto applications, including non-fungible tokens (NFTs) and smart contracts.
Alonzo is named after American mathematician Alonzo Church, who is considered to be one of the founding fathers of computer science.
In addition to supporting NFTs and smart contracts, Cardano can now be used for decentralized exchanges.
In general, Alonzo puts Cardano in the same class as Ethereum, the world’s leading blockchain which supports other applications other than its native Ether token. Smart contracts, for instance, are one of the cornerstones of the decentralized finance sector – and Cardano now supports smart contracts.
Where Can You Buy Cardano (ADA)?
As one of the biggest cryptocurrencies in the world in terms of market capitalization, you shouldn’t have much difficulty in finding a major exchange to buy Cardano on including Binance, Bittrex, eToro, and HitBTC.