July 22, 2024

What to Expect from ADA’s Price in 2024?


Cardano Price Prediction: Expectations for 2024 and the Future of ADA 

Cardano is a cryptocurrency and a platform for scalable and sustainable development. It was launched in 2017 by a team of researchers and engineers, led by Charles Hoskinson, one of the co-founders of Ethereum. Cardano aims to be a next-generation blockchain platform that can support various applications, such as smart contracts, decentralized applications, and digital identity. Cardano is also designed to be more secure, scalable, and energy-efficient than other existing blockchains, using advanced programming languages, peer-reviewed research, and layered architecture. Cardano’s native currency is called ADA, which can be used to store value, make payments, and interact with the platform’s features. 

The current price of Cardano: The current price of Cardano as of December 26, 2023, with a 24-hour trading volume of US$672,256,237. The price of Cardano has increased by 5.87% in the last 24 hours. The price of Cardano may vary across different platforms and exchanges, depending on the supply and demand, as well as other factors. You can check the live price, historical performance, charts, and other information on Cardano on various websites.

Price history of ADA: Cardano was launched in October 2017 with an initial price of US$0.0217. It reached its first peak in January 2018, when it hit US$1.18. After that, it entered a long bear market and dropped below US$0.03 in March 2020. It started to recover in July 2020 and reached a new all-time high of US$3.10 in September 2021, following the launch of the Alonzo hard fork that enabled smart contracts on the network.

Latest News: The Cardano Foundation and Petrobras, Brazil’s state-owned oil company, to provide blockchain education and explore technology use cases in the energy sector. The program will use content from the Cardano Academy, delivered through Petrobras University, and will offer participants unique NFTs to track their progress. The partnership aims to enhance the understanding and adoption of blockchain technologies among Petrobras’ 45,000 employees. 

Cardano Price Prediction:

  • Cardano’s price prediction for 2024 ranges from a minimum of US$0.5726 to a maximum of US$3.20, with an average of US$0.689.

  • For 2025, the price prediction ranges from US$0.7412 to US$2.56, with an average of US$1.15.

  • For 2030, the price prediction ranges from US$0.7292 to US$1.46, with an average of US$0.95.

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