Cardano serves as an alternative to Ethereum. It was co-founded by Charles Hoskinson. Charles also co-founded Ethereum. The ADA ICO took place in 2017.
Check out our other article if you want to know how to buy ADA cryptocurrency.
Let’s look at some basic data before diving into the price predictions.
The table below shows some current stats for Cardano.
Cardano recently upgraded to a new consensus algorithm known as Ouroboros Byzantine Fault Tolerance.
Let’s look at some price predictions for ADA in 2020.
Trading Beasts predicts ADA will rise throughout the year.
Their forecast suggests ADA will reach $0.056175 by the beginning of April 2020. They also predict ADA will be worth $0.05482 by the beginning of June.
June will close at an ADA price of $0.056395. July will close at $0.057906, and August will close at $0.059457. Cardano (ADA) will be worth $0.061001 at the end of September.
The average ADA price in October will be $0.062490. The average price will be $0.064025 in November and $0.065504 in December.
Crypto Ground’s forecast suggests ADA will be priced at $0.0477 during the second week of March. It will reach $0.0466 in the first week of April and $0.0563 in early September.
They expect the price to $0.0649 in early March 2021.
5 years (from today) ADA will be around $0.8792.
Coin Liker expects ADA to reach $0.040317 in the second week of March.
They forecast ADA to reach about $0.07 at the end of April and $0.08 at the end of May.
It will be $0.09 mid-June and $0.846656 at the beginning of March 2020.
They are bullish long term. They suggest ADA will reach $1.57 in 3 years and $2.98 in 5 years.
Gov Capital gives a bearish Cardano price prediction.
They predict it to drop to $0.0381 on March 22. It will continue falling, down to $0.0158 on April 13. At the end of April, they forecast a significant price bump, bringing ADA back up to $0.0538.
They predict it will fall back down in early May, to $0.0157.
By March 2021, they predict an ADA token will be worth 0.000000 USD.
Long Forecast predicts ADA will be up to $0.055728 in the second week of March and $0.0461772 around March 20th.
ADA is expected to reach $0.037490 in the first week of April. April is expected to close at $0.036.
May will close at $0.031 and June will close at $0.036. Both July and August will close at $0.030.
The end of august will see a slight bump, closing at $0.032. October will close at $0.028 and November will close at $0.024.
The year will end with an ADA price of $0.020.
According to their forecast, Cardano won’t reach its previous all-time-high within the next 4 years.
Wallet Investor gives a bearish forecast for 2020. They predict ADA to be $0.04614 near the end of March and $0.053889 the first week of June.
It will then take a massive drop, down to $0.003245 in the first week of September.
Wallet Investor predicts 1 ADA will be worth $0.001055 in 5 years.
According to Digitalcoin Price, the average price of ADA in April will be $0.099779.
It will climb to an average of $0.119761 in May with a pullback to $0.099071 in June.
Averages will range from $0.0937 – $0.10348 between July and October.
The Average price for ADA will be $0.126906 in Nov and $0.115767 in Dec.
ADA could climb up to $0.12509659 USD in 1 year.
Digitalcoin Price also predicts ADA could get up to $1 in 7 yrs.
Changelly: claims that ADA could easily hit $1 by the end of 2020. Captain Altcoin also says that reaching $1 “is in the realm of possibility”.
Coinswitch says it could reach $0.40 in 2020, and Smartereum says it could be $0.01 by December 2020.
The Oofy says the highest ADA could reach in 2020 is $5. They also mention the fact that “more enthusiastic forecasts” claim $33 is also possible.
The upcoming bitcoin halvening is expected to spice things up in the cryptocurrency market and no one really knows what will happen.
It isn’t impossible for ADA to hit $0.25 if the market starts to rocket up. That being said, it could also fall if the market takes a turn for the worse. ADA could potentially fall to $0.007 if things go sour.
Price predictions should not be used to guide investment.