In this guide, we will voice our own and market’s opinion on ADA future while discussing Cardano price forecast for 2020 and beyond.

Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like ADA.

Now, let’s head into it.

Before we delve deep into the Cardano price prediction and answer questions if Cardano is a good investment or not, why will ADA succeed or fail or why will ADA price rise or drop, let’s quickly throw a glance at what is Cardano and its to date history.

You can buy, trade and stake Cardano on many exchanges including the leading platforms like eToro, Cex.io, Coinbase and Binance.

The Cardano team intended to finish Shelley by Q3 2018, but the development deadlines have been extended to Q1 2019. And this is one of the biggest events for Cardano since its inception. And it finally got done in Q4 of 2019. And it really made Cardano communities bustling zones again.

Shelley is the second phase of Cardano roadmap that will make its blockchain actually decentralized. ADA is currently in Byron, the bootstrap phase, where they are making improvements and debugging the code.

Shelley consists of 3 main functions:

After implementing Shelley phase, ADA is set out to introduce the Cardano Improvement Proposals, or CIPs with a built voting system, details of which will be released soon. Initially, IOHK will make all CIPs, there will, however, be an increasingly better mechanism for gaining consent for them.

Part of the ongoing projects is scientific research that has made possible a gradual shift from the lab to coding. This has facilitated the revision of Ouroboros and has also brought together game theorists as well as programming experts to try and identify new applications for the Cardano ADA network.

You can’t build anything remotely serious on Ethereum right now. You can’t say “sorry, our enterprise grade application for banks is not working since Cryptokitties got popular again”. And that’s just scalability. You need regulations to be in place too. Businesses need to know what we can and can’t legally do within this space. Besides scale, that’s the biggest factor holding us back. The security part of Ethereum is icky at best too.

Either Ethereum scales, or everyone moves on to the next protocol and if Shelley does what it promises, Cardano is going to be the prime candidate to take over the throne.

Overall, the Cardano roadmap has five phases — Byron, Shelley, Goguen, Basho, and Voltaire.

In the Goguen phase that is also already underway, the focus will be on the Universal Language framework development, IELE development, and security improvements. For investors, this phase is where the token will gain more utility with the execution of complex smart contracts. Other phases will not start before 2020.

Read our updated guide on best trading bots.

The Basho phase will improve scalability, security, and performance by implementing a revised network layer as well as Ouroboros Praos, the next generation protocol of Cardano’s Proof of Stake consensus algorithm.

The Voltaire phase is the final phase of Cardano’s current roadmap. In Voltaire, we will see the implementation of a treasury system and a governance model.

Quick interruption …

If you are still on the fence if you should buy ADA or not, here is a quick overview of best places you can buy Cardano tokens.

Once you buy your ADA, you will want to store it on a safe, un-hackable place and you need a good wallet for that. Here is a full guide on best ADA wallets and below is a quick overview.

ADA, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, ADA can hope for one as well. Bitcoin usually has a cool-off phase after its mega bull runs and that is when the altcoins take over and have a field day with the bulls, often doubling or tripling their price within days.

With the pandemic breakout, the world was sent into hybernation for couple of months and it reflected negatively on the cryptocurrencies, sending bitcoin downhill as we witnessed even 40% daily losses. However, situation quickly stabilized and bitcoin as the flagbearer took the crypto market back up. We are in a major bull run since the summer and, if we are listening to the analytics from social media and journalistic desks, we are far away from its local zenith.

What this means for Cardano price in 2021?

As long as bitcoin is in the main role and pulling upwards, there is little room for ADA to shine. It will, however, increase its USD denominated value thanks to the overall rise in crypto prices. Nevertheless, ADA to BTC ratio will probably slump, possibly to all-time lows. This means that it is best to keep your funds in bitcoin until it reaches its provisional peak, opening the doors for the altcoins to enter the scene. Cardano will be among the top candidates to record big gains, as the money usually flows from bitcoin profits to bluechip altcoins and big cap coins before trickling down to the less known and smaller projects.

The team behind Cardano said in April 2020 that its crypto upgrade Shelley has produced its first block. IOHK CEO Charles Hoskinson says Shelley is in an early “friends and family” testing stage. Cardano has been separately testing its incentivized staking system for months and now plans to put Shelley through a series of trials, fixing bugs, refining the platform and gradually rolling out its infrastructure in the weeks and months ahead.

Cardano also recently launched the initial version of its mainnet wallet called Daedalus. It’s designed to power secure ADA transactions and will eventually support tokens built on the Cardano blockchain – a feature that’s being developed in parallel with Shelley.

As a result of the ICO mania of 2017, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will ADA be among those 5%?

Hard to tell but probability for that is fairly high as ADA has built a reputation of an academic and serious project that might move slow, but radiates professionalism and instills trust in their hodlers. Charles Hoskinson is the public face of the project and seems to be in charge of all major aspects of the Cardano blockchain: from the code development to business activities along with interacting with community and keeping them in the loop.

In 2020, ADA needs to make sure not to miss any deadlines (like they used to in the past) and deliver what they promise to keep their spot under the sun of crowded dapps platforms niche.

Considering Ethereum is still a re-inventing themselves with a complete makeover of its ground working principles, ADA has a unique opportunity to seize the throne from Ethereum and become the default dapps platform for the future.

So what can cause ADA to rise and go up in price?

Cardano has a fantastic team of academics and developers from all over the world. The team is professional and work-focused, never discussing the price action of ADA token which is a good indication of correct attitude.
Cardano really focuses on scalability and sustainability. Currently, many blockchains require a copy of the entire blockchain while processing a transaction, which will slow down transaction time drastically as user adoption increases. Cardano aims to mitigate this scalability issue.
Bottom line, main pillars for Cardano’s bright future are its strong team, testing and verifying first approach to solving blockchain problems, strong community, good brand recognition and good liquidity.

Read our updated guide on best ADA wallets.

Cardano could also end up being one big nothing but we see low probability for that to happen.

Small warchest to fund their roadmap, team fatigue or infights or rogue member that could disrupt the development are all possibilities that could lead to failure of any project, ADA included. However, the biggest threat to Cardano is one of their biggest advantages: their development philosophy. It could very well be that their slow and steady approach renders them obsolete if the competitors make breakthroughs in their technologies. Ethereum is moving fast and breaking (and fixing) things while ADA’s philosophy of “ounce of prevention is worth a pound of cure” is inherently lagging.

Reaching $1 is in realm of possibility especially if we know ADA already was on those highs – its ATH is $1.33. However, getting to the $10 or eve $100 is a lot less likely, just take a look at the numbers: for ADA to reach $10, it would mean it has to grow 125x and have a market cap of $262 billion. If we assume that ADA/BTC price ratio stays the same, that would mean bitcoin would be $650k and have a market cap of $11.5 trillion. A bit too dreamy, isn’t it?

No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. Coin is also still listed on all major exchanges which indicates that ADA is far from a dead project.

With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate. Price predictions are a thankless task.

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the Cardano (ADA) price, which will give us another point of view to consider:

Forecasting machine at WalletInvestor is spews out a very optimistic future price for ADA coin: in the last month of the year, Cardano price will be at $0.24 according to this site.

Much more moderate stance towards ADA’s year has a prediction algo at cryptoground.com that sees ADA doubling its value to $0.06 by the end of the year.

Read our updated guide on most profitable coins to mine.

Crypto town is a website which gives out technical analysis for short-term and long-term predictions for various cryptocurrencies. According to them, Cardano will increase by 200% in 2020 to that of the price achieved by the end of 2018, which will be roughly $0.06, which looks like a conservative prediction for ADA.

According to longforecast.com that offers crypto predictions based on their algorithm’s technical analysis, the Cardano price prediction for December 2020 is $1.89.

This is way too optimistic in our eyes and goes to show how unreliable traditional methods of analysis are when it come to cryptocurrency world.

Cardano is managed by a very strong team driven by the vision to develop a next-generation cryptocurrency.

One concern, though, is the fact that IOHK and Cardano foundation have only one more year of contract that obliges them to work on developing Cardano blockchain. What will happen after that?

If we trust in the word of Charles Hoskinson, the face of Cardano, they will ignore the contract and work until the job is done and Cardano is finished, deployed and fully functional.

This is the most crucial development that all ADA holders should keep an eye on as the epilogue will have serious repercussions on the whole project.

]If everything goes well with their roadmap, Shelly and Goguen hit the ground running, ADA might see its ATH value from 2017 – meaning it could go above $1 again.

Cardano is third generation smart-contracts blockchain that has its own native token called ADA that is used to directly and quickly send and receive digital funds across its network.

The maximum supply of Cardano is 45,000,000,000 ADA. The circulating supply is 25,927,070,538 ADA. 

ADA will probably gain positive momentum with bitcoin’s expected price surge and realistic price prediction for ADA in the coming months is 50-100% increase of its current price.

That is highly unlikely because in order for Cardano to reach $10, it would mean that bitcoin is at $1.6 million per token (if we assume that the ratio between BTC and ADA stays the same as it is right now).

Cardano sounds more powerful than Ethereum, in theory. However, it literally has nothing to show in practice. So the gap between ETH and ADA (Ethereum has a thriving developer community and increasing brand presence in mainstream media and financial circles) is huge and it would take a real wonder for ADA to overtake ETH.

Because it is different than all other crypto project in its philosophy and approach to development of ADA blockchain. It is rigorously peer-to-peer reviewed and researched with deliberately slow deployment of new upgrades to the network. This serious and academic modus operandi could end up tipping the scales in Cardano’s favor.

The post Cardano (ADA) Price Prediction 2021 | 2025 | 2030 – Future Forecast For ADA Price appeared first on CaptainAltcoin.

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