Cardano (ADA) is one of the fastest-growing blockchain assets in the cryptocurrency market. Last year, it was twice in the top 3 cryptocurrencies by capitalization, and now it ranks ninth in the ranking.
Still, the ADA cryptocurrency forecast for 2022 is ambiguous. In this article, we will try to find out what explains the growth of this altcoin in 2021, whether the ADA cryptocurrency will increase in price, and what to expect from the asset in the coming years. Let’s get started!
What Is the Price of Cardano (ADA)?
Since the beginning of 2021, ADA has risen to third place in the cryptocurrency ranking by capitalization twice. This happened for the first time in February, when ADA increased by almost a third, and then in mid-August. Then the ADA rate increased by almost 50% within a week, and its value exceeded $2. On August 20, the altcoin rate reached its historical maximum — $2.57.
In anticipation of the Alonzo update release in September 2021, the cryptocurrency’s price increased by more than 125% and updated its all-time high at $3. The update added support for smart contracts and DeFi applications to the Cardano blockchain but did not cause further growth of the native token — moreover, the value of the ADA cryptocurrency has been systematically decreasing since then.
In March 2022, the Coinbase crypto exchange added the function of ADA staking, which again gave it a boost – it went up by 36% in a week. At the beginning of April, the Cardano cryptocurrency is worth $1.08, and its market capitalization is around $49.1 billion.
Where to Buy Cardano (ADA)?
If you’re interested in buying ADA, you should definitely think about doing this at Switchere. On our platform, you have an opportunity to buy ADA in the fastest and most convenient ways using any available payment method. Moreover, we offer some surprising bonuses! Users of our platform enjoy a 0% service fee for the first order.
Switchere is one of the most reliable online platforms for buying cryptocurrencies. The company is a licensed financial services provider with guaranteed legal compliance and a secure infrastructure system for fast crypto exchange services at fair prices!
Here you can find a step-by-step guide on how to buy ADA at Switchere — it’s easy as A, B, C!
Cardano (ADA) Price Prediction for 2022
The Cardano (ADA) rate is quite resistant to inflation, and due to the limited total turnover, its demand continues to grow. The decentralized nature of the Cardano blockchain makes it secure, and the layered architecture provides scalability. These technical features, in turn, make Cardano a unique coin with good potential.
Wallet Investor predicts that the average price of ADA could reach $2.207 by the end of 2022 and five years later could reach $6.209 by 2027.
The forecast from Digital Coin suggests that in 2022 the price of ADA could average $1.41, and it could rise to $2.18 in 2025. According to the forecast, the coin could cost an average of $5.70 by 2031.
Coin Price Forecast gives more cautious forecasts: according to the algorithm, ADA will cost $1.09 by 2022 and $1.16 by the end of the year. In 10 years, by 2032, the price is predicted to be $3.32.
At the same time, the Finder analyst group believes that ADA will start a meteoric rally in the coming years. According to their estimates, by the end of 2022, the value of the coin will increase by 168% and reach $2.79, and by 2030 the cryptocurrency rate will reach $58. The company’s experts believe that the Alonzo update allowed the network to implement the functionality of smart contracts. Thus, one should expect more from ADA in the next eight years.
Conclusion
In the future, the Cardano (ADA) rate will most likely depend on the number of dApps and smart contracts built on its blockchain. Whether it is worth buying Cardano or not — it’s all up to you. But make sure to carefully study the charts and news about this cryptocurrency before making any investments.
What is your ADA price prediction? Feel free to share your thoughts in the comments below!
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