Cardano (ADA) Price Prediction Forecast: Will ADA reach $7 in 2021?

Cardano ADA Price Prediction
  • Bullish ADA price prediction forecast for 2021 is up to $7.
  • ADA price prediction forecast 2025 is up to $6.93

This ADA price prediction article is purely based on the opinion of CNL alone. In this article, you will see and learn the analysis we have considered in this ADA price prediction.

The crypto market is slowly regaining its momentum from its bearish dip in the past months. As a result, Bitcoin, the king of crypto assets, trades above the bullish price of $40k per crypto. This performance of BTC was felt in every corner of the crypto space, which also motivates some altcoins to surge their positions. 

Cardano (ADA) is one of the altcoins that have been making noise in the crypto world lately. In detail, Cardano recorded a monstrous growth rate amounting to over +2000% in the past 12 months. Truly, this aggressive movement of ADA catches the attention of investors around the world.

Do you think ADA is a good investment and has the potential to surge higher beyond expectations this year? Therefore, what are you waiting for? Join me in this ADA price prediction article to know the future of ADA. But, before that, let us first see the technology behind the ADA crypto.

Overview (At the time of writing)

CryptocurrencyCardano (ADA)
TokenADA
Price$2.39
Market Capitalization$76,716,253,732
Circulating Supply32,066,390,668
Trading Volume$7,187,136,785
All-Time High$3.09
All-Time Low$0.01925275

What Is Cardano (ADA) 

Cardano is a blockchain proof-of-stake platform that Charles Hoskinson co-founded. The network is the first to be founded on peer-reviewed research and developed with evidence-based methods. Cardano joined together pioneering technologies to enable unparalleled state-of-the-art security and stability to decentralized applications and societies. 

On the other hand, the crypto continues to develop its network to provide its users and interested blockchain developers worldwide with great experiences. To be specific, Cardano’s Alonzo upgrade is soon to be finalized. Once done, the developers of the Alonzo upgrade stated that this upgrade would enable Cardano to support applications like smart contracts. 

Cardano (ADA) Market Position

Based on the records we can see at the CoinGecko platform, we can say that ADA has been doing well lately. As a result, the market cap of the ADA amounts to over $70 billion with a trading volume of almost $3.3 billion. Indeed, this is a number that the traders and investors of the crypto world cannot overlook.

At the time of writing, the ADA crypto ranks third in the CoinGecko platform. Furthermore, the crypto is one of the most visited digital assets in the CoinGecko platform. Why? Simple, because ADA is one of the most famous crypto right now in the crypto world.

Cardano (ADA) Price Prediction 2021

So far, ADA remains one of the strongest digital assets in the crypto space despite the bearish market. This is due to the continued development of the network’s blockchain.

Do you think ADA can continue to hold its position in the coming days, or will it collapse? Join me, and together, let us check the charts in this ADA price prediction article.

ALMA Indicator (Source: TradingView)

As seen in the graph above, ADA moved away from the bearish territory and surged its price to over 200%. In particular, ADA boosted its price from $1 in July to $3 in September this year. Indeed, this performance of the crypto was able to attract the attention of investors around the world.

Today, Cardano trades at a bullish price of $2.49 per crypto. This price has had a growth rate of +9.8% in the past 30 days. Furthermore, the crypto continues to move within the Arnaud Legoux moving average (ALMA)  indicator, a bullish signal. If this goes on, ADA might be able to break its resistance level of $2.79 and head towards the bullish price of over $3.

(Source: TradingView)

What’s more, if the crypto will be able to do again it’s all mighty pump that it did in the past months, the crypto price might skyrocket. In other words, traders can expect the price of Cardano to reach the record breaking price of $7 in no time. However, this is only if Cardano will be able to pump its price to almost 200% from its current price. Of course, this will all be possible if the bullish market and the investors continue to favor the crypto in the days to come.

RSI Indicator (Source: TradingView)

Meanwhile, the Relative Strength Index (RSI) of the crypto remains to be in a neutral state. In short, ADA is neither oversold or overbought. This means that traders can continue trading without worrying about any major price reversal. On the other hand, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.

Conclusion

Cardano continues to be one of the most aggressive digital assets in the crypto space. Therefore, the conclusion for the ADA price prediction in 2021 amounts to  $7. However, this forecast still depends on how the market will treat ADA in the next month of the year.

Aside from our ADA price prediction 2021, we will also share some of the forecasts other crypto analysis platforms make.

Market Prediction for Cardano (ADA) Price 2021

Digitalcoin

Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2021 forecast of Digitalcoin for ADA amounts to $3.18.

TradingBeasts

TradingBeasts is one of the crypto networks that based its prediction and analysis using historical data with the combination of linear and polynomial regressions. As a result, the price forecast of TradingBeasts for ADA price prediction 2021 will reach the price of $2.07.

Wallet Investor

By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for ADA amounts to $4.74.

Market Prediction for Cardano (ADA) Price 2022, 2023, 2024 and 2025

  • Cardano (ADA) price prediction 2022 

Up to $4.33 (estimated)

  • Cardano (ADA) price prediction 2023  

Up to $4.6 (estimated)

  • Cardano (ADA) price prediction 2024  

Up to $4.78  (estimated)

  • Cardano (ADA) price prediction 2025  

Up to $6.73 (estimated)

FAQ

Is Cardano (ADA) a good investment?

Based on the previous amazing market performance of Cardano in the crypto market, yes, it is a good investment. But, of course, do your own research before investing in the project. 

Will Cardano (ADA) prices go up?

The price of ADA depends on the market demand. Specifically, the more investors that would invest in crypto, the greater the chance of ADA going higher.

Why is the Cardano (ADA) going down?

The price downtrend of Cardano depends on many factors. One of them is the massive dumping of ADA by the users.

How to buy Cardano (ADA)?

The ADA crypto is just like other cryptos that can be bought in various crypto exchanges. For instance, the Binance exchange, one of the famous crypto exchanges that support ADA crypto.

Is Cardano (ADA) Crypto?

Yes, ADA is a crypto that uses blockchain technology. Also, the crypto can be traded in different exchanges in the crypto world.

Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.

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