What is Cardano?
Cardano is a blockchain network characterized by a combination of scalability, decentralization and security. Cardano uses the modern and efficient Proof-of-Stake consensus mechanism. Cardano's network token is called ADA.
Cardano Course
The special thing about Cardano is the fact that Cardano's blockchain is being further developed according to scientific methods. The developers analyze the errors of other blockchains and improve them on Cardano. Further development takes place over the long term and in various phases.
How has the ADA price moved in the last few months?
The last few months have been characterized by the bear market in the crypto market . As a result, almost all cryptocurrencies have lost heavily in recent months. The ADA token reached an all-time high of over 3 dollars in September 2021. While most coins were still rising until November, the ADA course was already falling.
ADA course 1 year
Cardano course in the last 12 months, source: Coinmarketcap
This drop continued, so that the ADA price was already at 1.38 dollars at the turn of the year. After a slight recovery in March and April, the price fell more sharply in May and June. In mid-July, this rate even fell below $0.42. After that we saw some stabilization and recovery.
Why is Cardano so popular?
Cardano has been one of the most popular cryptocurrencies in recent years. This is mainly due to the concept of blockchain. The Cardano Foundation employs scientists behind the network who develop the blockchain evidence-based. This way of working makes Cardano regularly one of, if not the, most scientifically mature blockchain on the market.
Cardano has also earned the nickname “Cardano Killer” in recent years. Because among many analysts, Cardano has a chance to replace Ethereum at the top of smart contract platforms. Due to its technical excellence, Cardano could become the most used blockchain in the future.
Cardano Course
With the introduction of smart contracts in the Goguen phase, Cardano has taken an extremely important step towards competitiveness. But this introduction came years after Ethereum's smart contracts. This allowed Ethereum to build a massive lead in decentralized applications.
However, strong growth of the Cardano network could ensure that the forecast for 2025 is much better and the network can become a real competitor for Ethereum.
What is the Cardano forecast for 2025?
The year 2022 is slowly coming to an end. This year, the bear market had a firm grip on cryptocurrencies and with it Cardano. If we look to the near future, this could change again and prices could turn bullish again. But which influencing factors determine the Cardano forecast 2025?
Basho development phase
Cardano has several major development phases. In this development, Cardano last saw the completion of the introduction of smart contracts (Goguen phase) in 2021. Cardano can now finally be the basis for decentralized applications. This makes Cardano competitive in the DeFi and NFTs space .
The next phase is called the basho. This is the development phase in which the scalability of the Cardano blockchain is to be massively increased. Up to 100,000 transactions per second are said to be possible. If these technical developments are successfully implemented in the next 3 years, the Cardano forecast for 2025 should be excellent.
Coming bull market
The crypto market moves in 4-year cycles. These cycles are based on the Bitcoin Halving cycles. In 2020 and 2021, the bull market again caused strong increases in cryptocurrencies. Then in 2022, prices lost 80-90% of their all-time highs again.
The next bull market should most likely come after the next Bitcoin Halving. This is in the spring of 2024. So we should see massive increases in prices in 2024 and then especially in 2025. The ADA price should also rise sharply again in 2024 and 2025.
Development at Ethereum
With the Ethereum Merge , the network has taken an important step into the future. With the switch from Proof-of-Work to Proof-of-Stake, the Ethereum network becomes much more efficient and saves up to 99.9% of its energy consumption. This could lead to Ethereum accelerating its growth again .
The popularity of Cardano (ADA) is also due to the fact that it can potentially replace Ethereum. Therefore, how Ethereum will develop in the next 3 years is also crucial for the Cardano forecast for 2025. In the past, Ethereum has struggled with high gas fees and low transaction speeds.
What is the Cardano forecast for 2025?
The factors mentioned all have an impact on how much Cardano can grow by 2025. The coming bull market will probably be the most important. Because despite falling prices in the bear market, the number of Cardano addresses and the number of applications built on Cardano are increasing.
The increase in scalability could give Cardano a massive boost over the next few years. In theory, Cardano could become the fastest blockchain on the market. This would suddenly make Cardano extremely popular with developers who would otherwise have resorted to competitors such as Ethereum or Solana.
From the last bear market to the last all-time high, we saw a surge of $0.10 to over $3, a 30-fold increase Give forecast for 2025 from 2.50 to 15 dollars .
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