A Closer Look at the Value of Cardano

Cardano, or ADA as many refer to it, is an entirely public form of blockchain which is decentralized and open-source. It also has a consensus that is achieved using proof of stake. As a platform, it is capable of handling transactions on a peer-to-peer basis using the internally developed cryptocurrency, ADA. Although low in value, it’s still a very popular trading asset that has experienced highs and lows, without undergoing burnout in the process. In this post, we’ll be taking a closer look at the value of Cardano both historically, as well as predictions for the future.

A Historic View of Cardano

In 2015, Cardano was established, but only after undergoing two years of extensive peer reviews was it made available to the public market. Since then, fluctuations have been seen in the cost and although now valued at $0.28 USD at the time of writing, the Cardano price history demonstrates a slow but steady growth.

As a PoS blockchain, it also doesn’t rely on crypto mining, therefore making it energy efficient. Although treasury management isn’t yet a feature for this currency, the developers do intend to integrate it at some point and when this happens, the value will inevitably increase. Additionally, Cardano (ADA) cannot be mined and it can only be purchased by using an exchange, or by trading digitally in general. Transfers between crypto wallets are also an option for traders.

What Was Cardano’s Market-Entry Value?

At the end of 2017, Cardano had a value of roughly $0.71 USD. Although currently experiencing a major decline in cost, the historic index of ADA’s performance does suggest a potential comeback. The first month of 2018 saw a healthy growth pattern, with the value of one ADA token reaching over $1 USD, before steadily declining again right down to $0.42 at the beginning of February.

How Has Cardano Performed Historically?

Throughout most of 2018, ADA experienced a gradual drop in its value when it dropped as low as $0.14 in March. Its value did start to climb again by April, reaching highs in the early $0.30 range.

By May, 2018, the price began to fall again, down to the low 20s, and this pattern continued right up to June, where the value decreased even further.

After hitting just $0.11 at the end of June, 2018, the price did climb again in July, before dropping in August, where the value for a token sank to below $0.10.

In the final quarter of 2018, traders were left feeling distraught as their investments plummeted further, declining to under $0.05 per token.

The value stayed like this until March, 2019, where a gradual increase was experienced.

After many more fluctuations, Cardano ended 2019 at just over $0.03, leaving plenty of room for improvement.

The Gradual Progression of Cardano

In 2020, prices remained low throughout both first and second quarters. By the start of the third quarter, however, the value of ADA went up slightly – and at this point, investors were thrilled to see a positive trend beginning to develop.

The trend continued towards the end of 2020 and the value of the token closed the year at roughly $0.18 per piece.

2021 was another year of highs and lows for Cardano, with drops below $0.03, as well as an impressive jump to over $1 USD at the end of February, right through to August where highs of $2 per token were achieved.

This trend continued throughout 2021 before closing at $1.13.

February 2022 was the next major change for ADA, with the value per token dropping to $0.8 where it hovered until June of that year.

By the end of December, 2022, prices had fallen back down to $0.2 leaving many investors feeling disappointment once again.

2023 has seen prices climb and fall again, but experts predict that the rise of Cardano isn’t yet at its peak. By 2025, prices are anticipated to reach $1.37, making now the ideal time to purchase these tokens and enjoy a 5 or 6x return on investment (ROI). With that in mind, Cardano can be quite volatile and investors are advised to approach with caution.

Overall, Cardano hasn’t been one of the most prominently performing types of cryptocurrency, but demonstrating resilience even when faced with burnout, this token looks set to continue well into the future. As the developers are currently planning on integrating voting and treasury management solutions, the value is expected to increase due to a renewed demand and so many traders are watching this currency carefully for signs of a promising recovery.