Cardano Past Performance
For the last few years, Cardano has stayed somewhat consistent in its value, with very few uptrends or spikes reported. In November 2017, ADA started gaining some momentum and reached the price of $1.0085 in January 2018. This price soon dropped to less than $0.1 and stayed under this mark for a few years. It was only in 2021 that bullish movements and multiple spikes led to a huge appreciation in the price of ADA.
Although knowing the historical performance can help make more informed decisions, it is important to be cognizant of the fact that past performance is not indicative of future results.
Cardano Price Today
Cardano has had a very exciting trajectory in 2021, with its price appreciating nearly 1,100% since the start of the year. As of 5th November 2021, ADA is priced at $1.98. In addition to this, it has a 24-hour trading volume of $139,791,869,348 and a fully diluted market cap of $88,643,045,841. With such stellar figures, it is no wonder that this coin is set to rival the likes of Ethereum.
Cardano Price Prediction for 2025
CoinPriceForecast predicts that by the middle of the year 2025, ADA will hit $6.27, and by the end of the year, it will be around $6.90. Although this is a very optimistic forecast, given that Cardano is priced at less than $2 as of November 2021, there are certain key catalysts for this cryptocurrency on the horizon that are expected to push its price high. These include the impending upgrade fork and a few decentralized-finance features.
Other estimates, such as the one by EconomyWatch, have an even brighter outlook for this year, with their prediction nearing the $10 mark.
Does Cardano Have a Future?
As a highly scalable, secure, and green alternative, Cardano is here to not just stay but compete with the top cryptocurrencies. While its price is not comparable to cryptocurrencies like Bitcoin, for example, note that it is a very environment-friendly option and has the potential to become the go-to cryptocurrency for corporations and individuals alike.
If you are planning to try your hand at ADA, you can easily buy Cardano cryptocurrency on Changelly.
Conclusion
Although the aforementioned predictions include a certain degree of guesswork when making any decision regarding Cardano, it is essential to factor in the recent bullish movements ADA has experienced as well as its promising future owing to its energy efficiency and excellent performance as of late.
