Cardano (ADA) price prediction November 2024
A panel of industry specialists gives us their predictions on the price of ADA to 2030.
Key Insights
- 2024 price forecast: The panel predicts moderate growth for ADA, projecting it to reach $0.69 in 2024, $1.31 by 2025, and $3.85 by 2030
- Peak and trough predictions: Panelist predictions vary, with the highest at $1.20 and lowest at $0.20 for 2024, highlighting uncertainty.
- Buy, sell or hold sentiment: 50% of experts say now is the time to sell ADA, while 27% say to buy and 23% suggest holding.
- Wider adoption is needed: ADA’s growth depends on increased adoption, more users, dApps, and innovation in comparison to competitors.
- Low expectations for Leios Upgrade: Most panelists are unsure if the upcoming Leios Upgrade will enable ADA to surpass Solana in speed.
- CBDC skepticism in Argentina: 73% believe a CBDC won’t solve Argentina’s inflation issues, showing skepticism about its effectiveness.
Our panel reveals why they think ADA will finish 2024 around $0.69 before climbing back up to $1.31 by 2025 and $3.85 by the end of the decade. All prices mentioned in this report are in US dollars.
Finder surveys industry specialists, asking their thoughts on how cardano (ADA) will perform over the coming years. Most recently, we surveyed our panel in October 2024, when ADA was trading for roughly $0.35.
Ben Ritchie, managing director at Alpha Node Global, says you can expect ADA to hit $0.80 by the end of 2024, but ultimately, ADA needs wider adoption for future gains.
ADA’s price can still benefit from capital overflow to bitcoin due to its long history of price movements. However, its growth may be limited as its user base is less attractive compared to other Layer-1 competitors. To achieve strong price performance, cardano needs more users, dApps and innovation.
Ajay Shrestha, a professor at Vancouver Island University, is by far one of the most bullish panelists, predicting ADA to hit $1.20 in 2024 in part due to the upcoming Leios Upgrade.
ADA has a lot of potential because of its focus on building a secure and scalable network with a thoughtful, research-based approach. The upcoming Leios Upgrade could make it faster and more efficient, which is great for attracting more users and developers. However, its price will still depend on overall market trends and how it stacks against competitors like ether and solana. It’s a promising project, but predicting prices in crypto is always tricky due to the market’s unpredictability.
John Hawkins, a senior lecturer at the University of Canberra, sees ADA’s price continuing its downward trajectory and ending 2024 worth just $0.20.
Cardano’s price has been sliding for most of the year, and it has dropped out of the top ten [cryptocurrencies] on CoinMarketCap, so it will probably get less media attention.
Is now the time to buy, sell, or hold ADA?
Half of the panel (50%) say that now is the time to sell your holdings of ADA, with a touch over a quarter (27%) saying it’s time to buy and just under a quarter (23%) saying to hold.
Pav Hundal, lead market analyst at Swyftx, is in the sell camp, adding that “ADA has yet to deliver anything meaningful for all its investors over all these years.”
Desmond Marshall, managing director at Rouge International & Rouge Ventures, is also in the sell camp, saying that the demand for CBDCs (central bank digital currencies) is drying up.
Many governments are starting not to further develop CBDC. Those who still are [in discussion mode] are mostly seriously hit with inflation, and their own currency is pretty much dead. Developing a new CBDC like a new currency is less easy than simply adopting another stable currency (e.g., USD). Some developing countries have done that to stabilize the volatility. China and Russia, with other countries, are prepping for their OWN currency to dethrone USD. Countries with issues may then have an extra choice to quickly adopt instead of developing a new one.
The CFO of BostonTrading.co, Jeremy Britton, is all in on the potential of ADA and sees it as a strong buy, saying, “ADA is the thinking person’s crypto. Those who understand math own ADA. Those who do not own memecoins.”
Gracy Chen, the CEO of Bitget, also sees ADA as a buy, saying there is optimism for significant growth:
There’s a range of predictions for ADA’s price, influenced by various factors, including technological developments, market sentiment and broader crypto market trends. Predictions for 2024 suggest ADA might fluctuate between a low of around $0.32 to a potential high of $0.42 by the end of the year, influenced by network upgrades like the Chang hard fork and increased whale activity. Looking further ahead, there’s optimism for significant growth, with some analyses suggesting ADA could reach $10.32 by 2030, though this represents a very optimistic scenario.
Will cardano speed surpass solana?
The majority of the panel (75%) are unsure if the upcoming Leios Upgrade to ADA will lead to cardano surpassing solana in terms of speed. Just 15% think it may get there with help from future upgrades, and 10% say it will never happen.
Will a CBDC solve inflation in Argentina?
Cardano’s Founder was set to meet with Argentina’s President Javier Milei in October and discuss the possibility of creating a CBDC, but the majority of the panel (73%) don’t think a CBDC will solve Argentina’s issues with high inflation.
About a quarter (23%) are unsure, and 5% don’t think it will help Argentina but believe a CBDC could help high inflation in other countries.
Meet the panel
Ajay Shrestha
Ajay Shrestha
Prediction
$1.20Buy/sell/hold
Holdback_handADA has a lot of potential because of its focus on building a secure and scalable network with a thoughtful, research-based approach. The upcoming Leios Upgrade could make it faster and more efficient, which is great for attracting more users and developers. However, its price will still depend on overall market trends and how it stacks up against competitors like Ethereum and Solana. It's a promising project, but predicting prices in crypto is always tricky due to the market's unpredictability.
Alexander Kuptsikevich
Alexander Kuptsikevich
Prediction
$0.44Buy/sell/hold
Buyshopping_basketADA, I believe, has already passed its peak in terms of coin price.
Ben Ritchie
Ben Ritchie
Prediction
$0.80Buy/sell/hold
Holdback_handADA's price can still benefit from capital overflow to Bitcoin due to its long history of price movements. However, its growth may be limited as its user base is less attractive compared to other Layer-1 competitors. To achieve strong price performance, Cardano needs more users, dApps, and innovation.
Gracy Chen
Gracy Chen
Prediction
$0.40Buy/sell/hold
Buyshopping_basketThere's a range of predictions for ADA's price, influenced by various factors including technological developments, market sentiment, and broader crypto market trends. Predictions for 2024 suggest ADA might fluctuate between a low of around $0.32 to a potential high of $0.42 by the end of the year, influenced by network upgrades like the Chang hard fork and increased whale activity. Looking further ahead, there's optimism for significant growth, with some analyses suggesting ADA could reach $10.32 by 2030, though this represents a very optimistic scenario.
Jeremy Britton
Jeremy Britton
Prediction
$0.99Buy/sell/hold
Buyshopping_basketADA is the thinking person's crypto. Those who understand math, own ADA. Those who do not, own memecoins.
John Hawkins
John Hawkins
Prediction
$0.20Buy/sell/hold
SellsellCardano's price has been sliding for most of the year and it has dropped out of the top ten on coinmarketcap so will probably get less media attention.
Desmond Marshall
Desmond Marshall
Prediction
$0.34Buy/sell/hold
SellsellMany governments are stating not to further develop CBDC. Those who still are (discussion mode), are mostly seriously hit with inflation and their own currency is pretty much dead. Developing a new CBDC like a new currency is less easier than simply adopting to another stable currency (eg, usd). some developing countries have done that to stabilize the volatility. China and Russia with other countries are prepping for their OWN currency to dethrone USD. Countries with issues may then have an extra choice to quickly adopt instead of developing a new one.
Diego Apaza
Diego Apaza
Prediction
$0.45Buy/sell/hold
SellsellThere isnt a lot of hype or enough volume for higher prices in my opinion
Kimberly Rosales Orbegoso
Kimberly Rosales Orbegoso
Prediction
$0.50Buy/sell/hold
Holdback_handCardano has strong potential due to its focus on research-driven development and a growing ecosystem. However, its price will likely depend on its ability to deliver on its promises and compete with other layer-1 blockchains.
Ryan Gorman
Ryan Gorman
Prediction
$0.50Buy/sell/hold
Buyshopping_basketI have no cogent thoughts on Cardano.
Miles Paschini
Miles Paschini
Prediction
$0.60Buy/sell/hold
SellsellDid not provide comment
Daniel Keller
Daniel Keller
Prediction
$1.50Buy/sell/hold
Buyshopping_basketDid not provide comment
Dre Villeroy
Dre Villeroy
Prediction
$2.50Buy/sell/hold
Buyshopping_basketDid not provide comment
Karlo Bujas
Karlo Bujas
Prediction
$0.50Buy/sell/hold
Buyshopping_basketDid not provide comment
Pav Hundal
Pav Hundal
Prediction
N/ABuy/sell/hold
SellsellA CBDC linked to their native currency is unlikely to change anything. There's more at play behind inflation steepening. ADA has yet to deliver anything meaningful for all it's investors over all these years.
Sitaram Kakarlamudi
Sitaram Kakarlamudi
Prediction
N/ABuy/sell/hold
SellsellADA is extremely slow in execution and is difficult to build on , with very less apps , i don't see it gaining more traction
Ben Waterman
Ben Waterman
Prediction
N/ABuy/sell/hold
SellsellDid not provide comment
Henry Robinson
Henry Robinson
Prediction
N/ABuy/sell/hold
SellsellDid not provide comment
Johnny Gabriele
Johnny Gabriele
Prediction
N/ABuy/sell/hold
SellsellDid not provide comment
Josh Fraser
Josh Fraser
Prediction
N/ABuy/sell/hold
SellsellDid not provide comment
Lee Smales
Lee Smales
Prediction
N/ABuy/sell/hold
SellsellDid not provide comment
Pedro Febrero
Pedro Febrero
Prediction
N/ABuy/sell/hold
SellsellDid not provide comment
Ronen Cojocaru
Ronen Cojocaru
Prediction
N/ABuy/sell/hold
Holdback_handDid not provide comment
Simon Peters
Simon Peters
Prediction
N/ABuy/sell/hold
SellsellDid not provide comment
Joseph Raczynski
Joseph Raczynski
Prediction
N/ABuy/sell/hold
Holdback_handDid not provide comment
Damian Chmiel
Damian Chmiel
Prediction
N/ABuy/sell/hold
Buyshopping_basketDid not provide comment
Ruslan Lienkha
Ruslan Lienkha
Prediction
N/ABuy/sell/hold
Did not provide comment
Jeremy Eng-Tuck Cheah
Jeremy Eng-Tuck Cheah
Prediction
N/ABuy/sell/hold
Did not provide comment