Key Takeaways
Cardano’s ADA token saw a surge in November 2024, fueled by rumors that US President-elect Donald Trump would appoint the platform’s founder, Charles Hoskinson, to his cabinet.
In response, Hoskinson revealed plans to open a Washington office and expressed his intent to collaborate with the incoming administration.
However, a market downturn in December 2024 and early January 2025 reversed the gains, and by Jan. 8, 2025, ADA was valued at approximately $0.974.
Let’s explore our price predictions for Cardano as of Jan. 8, 2025, delve into ADA’s price history, and discuss what ADA is and how it functions.
Let’s look at the CCN price prediction for ADA made on Jan. 8. The predictions will be made using the wave count method. Then, we will add and remove 20% from the final targets to create the minimum and maximum targets.
Minimum Cardano Price Prediction | Average Cardano Price Prediction | Maximum Cardano Price Prediction | |
---|---|---|---|
2025 | $3.04 | $3.80 | $4.56 |
2026 | $0.70 | $0.88 | $1.06 |
2030 | $2.70 | $3.33 | $3.96 |
The most likely wave count suggests that ADA started a five-wave increase (white) in June 2023. If so, it is completing wave three in this structure. Using the length of these movements, we can forecast that the ensuing high will be reached in Sept. 2025.
With the extension of wave one, the top for wave three is forecasted at $2.34, while that for the entire movement is $4.94. Then, we forecast another lengthy correction.
Considering these predicted upward and downward movements, we arrive at an ADA price prediction of $3.80 and $0.88 for the end of 2025 and 2026, respectively.
Finally, we use the rate of increase for the past five years to make a Cardano price prediction for the end of 2030.
The ADA price has increased by 571% since January 2019, leading to a daily rate of increase of 0.31%. Projecting this rate of increase until the end of 2030 leads to a price of $3.33. Adding and removing 20% to this target leads to our minimum and maximum Cardano price predictions.
The wave count method gives a Cardano price prediction range between $3.054 and $4.56 for the end of 2025.
The wave count method gives a Cardano price prediction range between $0.70 and $1.06 for the end of 2026.
The ADA price prediction for the end of 2030 uses the current rate of increase. If a similar rate of increase continues for the foreseeable future, a price between $2.70 and $3.96 is likely.
The daily chart is undetermined. This is because the ADA price has broken out from a descending resistance trend line but was rejected by the 0.618 Fibonacci retracement resistance level. This level often acts as the top if the upward movement is corrective.
So, until the ADA price clears, the trend cannot be confirmed as bullish.
One reason making the ADA prediction lean bullish is the daily RSI and MACD. The RSI just moved above 50, and the MACD made a bullish cross. This previously led to a 300% ADA price increase.
The ADA price prediction for the next 24 hours is undetermined. Whether the price moves above the 0.618 Fibonacci retracement resistance level or continues the rejection instead will determine the future trend’s direction.
The RSI is a momentum indicator traders use to determine whether the trend is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Jan. 8, Cardano’s RSI was 49, indicating neutral conditions.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Jan. 8, Cardano’s ATR was 0.08, implying average volatility.
The Total Value Locked (TVL) to market cap ratio (TVL ratio) measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts.
This ratio shows the project’s utilization and links the platform’s health to locked asset value. A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of the platform’s assets.
A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets. On Jan. 8, the Cardano TVL ratio was 67.91, suggesting severe overvaluation.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Jan. 8, Cardano scored 36.7 on the CCN Index, suggesting moderate momentum.
We looked at the ADA price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy ADA.
Time to Buy ADA | Best Days, Weeks, Months and Quarters |
---|---|
Best Day | Saturday |
Best Week | 51 |
Best Month | December |
Best Quarter | Fourth |
Cardano is a blockchain for smart contracts. Let’s compare it with other projects in the same category with similar market capitalizations.
CCN’s Senior Research Analyst, Toghrul Aliyev, looked at Cardano and discovered the following advantages and disadvantages.
Let’s examine Cardano’s price history more closely. While past performance doesn’t necessarily indicate future results, understanding what Cardano has done can help us contextualize future predictions.
Period | Price |
---|---|
Last week (Jan. 1, 2025) | $0.9294 |
Last month (Dec. 8, 2024) | $1.22 |
Three months ago (Oct. 8, 2024) | $0.3565 |
Last year (Jan. 8, 2024) | $0.5429 |
Five years ago (Jan. 8, 2020) | $0.03855 |
Launch Price (Oct. 1, 2017) | $0.01735 |
All-Time High (Sept. 2, 2021) | $3.10 |
All-Time Low (Oct. 1, 2017) | $0.01735 |
The market capitalization, or market cap, is the sum of the total number of ADA in circulation multiplied by their price.
On Nov. 11, 2024, ADA’s market cap was about $21 billion, making it the ninth-largest crypto by that metric.
On Jan. 8, one wallet held more than 4% of the Cardano supply.
As of Jan. 8, the five richest Cardano wallet addresses were
Supply and distribution | Figures |
---|---|
Maximum Supply | 45,000,000,000 |
Circulating supply as of Jan. 8 2,025 | 35,151,153,812 (78.11% of maximum supply) |
Holder distribution | The top 10 holders owned 9.99% of the maximum supply as of Jan. 8, 2025 |
Cardano says in its technical documentation or whitepaper that scientific research is at the heart of everything it does.
It says: “Cardano is a decentralized third-generation proof-of-stake blockchain platform and home to the ADA cryptocurrency. It is the first blockchain platform to evolve from a scientific philosophy and a research-first-driven approach.
“The Cardano platform has been designed from the ground up and verified by an industry-leading combination of top engineers and academic experts in blockchain and cryptography. It has a strong focus on sustainability, scalability, and transparency. It is a fully open-source project that aims to deliver an inclusive, fair, and resilient infrastructure for financial and social applications on a global scale. One of its primary goals is to bring reliable, secure financial services to those people who do not currently have access.”
In the world of cryptocurrency, pretty much everything is powered by the blockchain. This decentralized ledger is so key to crypto that people outside the crypto-sphere use the two terms interchangeably.
Blockchains can be split into two. Some use the Proof-of-Work (PoW) consensus mechanism.
This is where people add blocks to the chain and earn crypto by solving increasingly complex mathematical equations. Others use Proof-of-Stake (PoS).
This sees people choosing to add blocks based on how much of the crypto they already hold.
PoS is a newer method of working that is seen as more environmentally friendly. One of the most notable PoS blockchains is Cardano.
Cardano has several features that help it stand out. First, it bases its developments on computer research, publishing its reports in peer-reviewed papers. Second, it features smart contracts and computer programs that automatically execute when certain conditions are met. These were introduced in September 2021.
It is powered by its native token, ADA, named after 19th-century computing pioneer Ada Lovelace. Cardano rewards people with ADA for adding blocks to the blockchain.
ADA holders can either vote on proposals regarding the network or delegate their voting rights in return for more rewards.
Cardano uses a consensus mechanism called Ouroboros. The system itself has two layers. The first, known as the Cardano Settlement Layer (CSL), is responsible for recording transactions and facilitating the transfer of the ADA coin.
The second, called Cardano Computational Layer (CCL), uses smart contract technology that developers can use to transfer funds.
Additionally, the network accommodates three types of users. The first type is more nodes, which govern the Cardano blockchain. The second type is relay nodes, which help transfer data between the mCore nodes and the internet. Meanwhile, the third type is edge nodes, which are responsible for creating cryptocurrency transactions.
It is hard to say. Until recently, both Ethereum (ETH) and Solana (SOL) had outpaced it in terms of year-on-year growth, even if recent events have pushed things more in ADA’s favor, at least with regard to ETH.
A lot will depend on whether the proposed Plomin hard fork gets voted through.
No one can really tell right now. While the Cardano crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Bitcoin, you will have to do your own research, not only on BTC but on other related coins and tokens such as Ethereum (ETH). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
Our price predictions suggest ADA will not reach $10 until at least the 2030s.
Cardano (ADA) is used to pay for transactions on the Cardano blockchain. It can also be staked in return for rewards, and holders can vote on changes to the network. It can also be bought, sold, and traded on exchanges.