Cardano (ADA) is one of the fastest-growing cryptocurrencies. This cryptocurrency is becoming more and more popular day by day. It is the third-largest cryptocurrency according to CoinMarketCap.
Nowadays people have also started investing their money in cryptocurrencies. Because cryptocurrencies can also give good returns on money.
There are many coins in the world of cryptocurrency that can make you rich, but there are many coins that you will regret after buying. That’s why it is very important to choose the right cryptocurrency.
Seeing the growing popularity of Cardano (ADA), you must have thought of investing in it. But you may be worried about its future price.
What will be the price of Cardano in 2025? or Is it the right coin for investing? you will get the answer to all such questions in this article.
What Is Cardano?
Cardano is an open-source, public blockchain platform that runs its cryptocurrency called ADA. The platform was created by Charles Hoskinson (The co-founder of the popular blockchain network “Etherneum”).
Cardano was launched in 2017, since this time the platform is engaged in improving itself. The scientists from the University of Edinburgh and Tokyo institute of technology are working on the system of Cardano to make it better.
The network aims to support Smart Contracts in the future, Contracts that will automatically execute their own term or agreement. This element of the network is currently under construction.
Cardano focuses on rectifying the problem people face when using bitcoin. Cardano also considers itself to be superior to Bitcoin and Ethereum considers itself to be an updated version of Ethereum.
How to buy Cardano (ADA)?
There are many ways you can buy ADA but the easiest way is to buy from cryptocurrency exchanges, Exchanges make buying and selling of cryptocurrency very easy.
First Choose a good crypto exchange make an account on it with your email id address
then you need to verify your account to verify your account on crypto exchange you have to provide your Name, Date Of Birth, Number and Country Of Residence, etc.
After making and verifying your account on exchange you can convert your currency to ADA you just have to add money into your crypto exchange account it is also very easy you can simply use your bank to add money to your account.
Past performance of Cardano (ADA)
In the beginning, When ADA was launched In 2017, its price was somewhere around $0.026. by the end of its launch year, the price rose to $0.710 for one token. The coin performed very well in its opening year.
On 3rd January 2018 price of ADA hit $1 per token for the first time but 2018 was a bad year for ADA, where in the beginning its price was $1 but till the end of 2018 the price of ADA dropped very badly to just $0.041. There was no improvement in its price even in 2019.
The year 2020 was the healing year for ADA its price was improved a bit this year. By the end of 2020, the price was $0.182 per token.
Taking about this year, the price of ADA has increased very rapidly compared to the past few years. In Feb 2021 the price of ADA reached over $1 per token and just like this ADA hits $2 for the first time in August this year. While writing the price of ADA for per token is $2.54.
By reading how Cardano (ADA) performed in past, you must have understood that ADA has faced a lot of volatility in its price. but what will happen to ADA’s price next? Will it go up? Don’t be dispatched read on you will find out.
Past Cardano Price Predictions That Got It Right
There is a website called Beincrypto.com, in 2019 they predicted that the price of ADA would be $0.038 by the end of 2019, they got it right. ADA price was trading in the range of $0.033 to $0.039 in December 2019.
Beincrypto.com also predicted that the price of ADA will rise and reach $0.01 by December 2020, the price of ADA increased even more than their prediction, the price of ADA was $0.182 at the end of 2020.
Below is the price prediction of Cardano (ADA) sorted by years
Cardano (ADA) Price Prediction 2022
According to digitalcoinprice.com, ADA will trade in the range of $3.97 to $4.8 in 2022. A similar price prediction is made by CoinPriceForecast, they predict that the price of ADA will be $3.68 in mid-2020 and $4.78 by the end of 2022.
Cardano (ADA) Price Prediction 2023 – 2026
According to Coinpriceforcast, the price of ADA will be
$5.86-$6.91 in 2023,
$7.95-$8.51 in 2024,
$9.47-$10.42 in 2025, and
$11.36-$12.29 in 2026.
There is a crypto research firm called “Crypto Research Report” which says similar to coinpriceforecast that Cardano (ADA) will reach $9.50 by 2025.
Conclusion: Is It Profitable to Invest in Cardano?
If we believe in experts and well-known websites then Investing in ADA will be profitable. You can earn good returns on your money if you invest in ADA for a long time.
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[Disclaimer: The content of this article is not intended as financial advice, and should not be construed as such. Neither readaboutcrypto.com nor the author is responsible for any investment decision made by any reader.]