Cardano (ADA) price prediction November 2024

A panel of industry specialists gives us their predictions on the price of ADA to 2030.

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By

Richard Laycock

Updated

Fact checked

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

+ Read Ajay Shrestha's prediction reasoning

Prediction
$1.20
Buy/sell/hold
Holdback_hand
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 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

+ Read Alexander Kuptsikevich's prediction reasoning

Prediction
$0.44
Buy/sell/hold
Buyshopping_basket
ADA, I believe, has already passed its peak in terms of coin price.

Ben Ritchie

+ Read Ben Ritchie's prediction reasoning

Prediction
$0.80
Buy/sell/hold
Holdback_hand
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.

Gracy Chen

+ Read Gracy Chen's prediction reasoning

Prediction
$0.40
Buy/sell/hold
Buyshopping_basket
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.

Jeremy Britton

+ Read Jeremy Britton's prediction reasoning

Prediction
$0.99
Buy/sell/hold
Buyshopping_basket
ADA is the thinking person's crypto. Those who understand math, own ADA. Those who do not, own memecoins.

John Hawkins

+ Read John Hawkins's prediction reasoning

Prediction
$0.20
Buy/sell/hold
Sellsell
Cardano'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

+ Read Desmond Marshall's prediction reasoning

Prediction
$0.34
Buy/sell/hold
Sellsell
Many 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

+ Read Diego Apaza's prediction reasoning

Prediction
$0.45
Buy/sell/hold
Sellsell
There isnt a lot of hype or enough volume for higher prices in my opinion

Kimberly Rosales Orbegoso

+ Read Kimberly Rosales Orbegoso's prediction reasoning

Prediction
$0.50
Buy/sell/hold
Holdback_hand
Cardano 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

+ Read Ryan Gorman's prediction reasoning

Prediction
$0.50
Buy/sell/hold
Buyshopping_basket
I have no cogent thoughts on Cardano.

Miles Paschini

+ Read Miles Paschini's prediction reasoning

Prediction
$0.60
Buy/sell/hold
Sellsell
Did not provide comment

Daniel Keller

+ Read Daniel Keller's prediction reasoning

Prediction
$1.50
Buy/sell/hold
Buyshopping_basket
Did not provide comment

Dre Villeroy

+ Read Dre Villeroy's prediction reasoning

Prediction
$2.50
Buy/sell/hold
Buyshopping_basket
Did not provide comment

Karlo Bujas

+ Read Karlo Bujas's prediction reasoning

Prediction
$0.50
Buy/sell/hold
Buyshopping_basket
Did not provide comment

Pav Hundal

+ Read Pav Hundal's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
A 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

+ Read Sitaram Kakarlamudi's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
ADA 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

+ Read Ben Waterman's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
Did not provide comment

Henry Robinson

+ Read Henry Robinson's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
Did not provide comment

Johnny Gabriele

+ Read Johnny Gabriele's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
Did not provide comment

Josh Fraser

+ Read Josh Fraser's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
Did not provide comment

Lee Smales

+ Read Lee Smales's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
Did not provide comment

Pedro Febrero

+ Read Pedro Febrero's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
Did not provide comment

Ronen Cojocaru

+ Read Ronen Cojocaru's prediction reasoning

Prediction
N/A
Buy/sell/hold
Holdback_hand
Did not provide comment

Simon Peters

+ Read Simon Peters's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
Did not provide comment

Joseph Raczynski

+ Read Joseph Raczynski's prediction reasoning

Prediction
N/A
Buy/sell/hold
Holdback_hand
Did not provide comment

Damian Chmiel

+ Read Damian Chmiel's prediction reasoning

Prediction
N/A
Buy/sell/hold
Buyshopping_basket
Did not provide comment

Ruslan Lienkha

+ Read Ruslan Lienkha's prediction reasoning

Prediction
N/A
Buy/sell/hold
Did not provide comment

Jeremy Eng-Tuck Cheah

+ Read Jeremy Eng-Tuck Cheah's prediction reasoning

Prediction
N/A
Buy/sell/hold
Did not provide comment
Richard Laycock's headshot
Lead Editor & Insights Editor

Richard Laycock is Finder’s NYC-based lead editor & insights editor, spending the last decade data diving, writing and editing articles about all things personal finance. His musings can be found across the web including on NASDAQ, MoneyMag, Yahoo Finance and Travel Weekly. Richard studied Media at Macquarie University, including a semester abroad at The Missouri School of Journalism (MIZZOU). See full bio

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