Cardano (ADA) Price Prediction • Benzinga Crypto


Decided you want in on the action? You can buy Cardano (ADA) on Coinbase, eToro and

Cardano (ADA) has been one of the best performing cryptocurrencies of 2021. Cardano recently shattered all-time highs and cemented itself as the 3rd largest crypto asset by market cap at a price of around $3. Japan has also recently given Cardano the green light to be listed on exchanges, opening it up to the 3rd largest economy in the world.

September 2021 is the scheduled implementation of smart contract functionality on Cardano. The introduction of smart contracts will allow Cardano to become a player in the decentralized finance (DeFi) space and possibly become an even bigger rival to Ethereum. Holders of the Cardano token (ADA) can stake their ADA and receive rewards.

What Is Cardano?

Cardano is a proof-of-stake blockchain platform launched in 2017 by former Ethereum developer Charles Hoskinson. Cardano, the 1st blockchain built based on peer-reviewed research, is being developed through evidence-based methods. Overcoming the scalability and security vulnerability issues of Ethereum is the goal of the project. Hoskinson also wanted Cardano to be a for-profit entity, accepting venture capitalist donations. In contrast, Ethereum was adamant about remaining a non-profit organization.

Elon Musk caused a stir in the markets when he tweeted that Tesla (NASDAQ: TSLA) won’t begin accepting Bitcoin until it increases its use of renewable energy. Cardano is a proof-of-stake blockchain in contrast to Bitcoin and Ethereum, which both use a proof-of-work protocol. The proof-of-stake protocol is more environmentally friendly since it uses significantly less energy than proof-of-work chains. The proof-of-stake system can achieve more than 4 million times the energy efficiency of a proof-of-work system.

The Cardano platform consists of 2 layers. The settlement layer is where the ADA token exists and keeps track of transactions. The 2nd layer, the computation layer, enables smart contracts and decentralized applications (dApps) to run on the platform.

Cardano Market Capitalization

The market cap of Cardano as of August 2021 is around $90 billion, cementing its position as the 3rd biggest cryptocurrency according to CoinMarketCap ($89,954,280,847). The current price of a single ADA token is just under $3 — almost 100 times greater than its 2020 low of around $0.03.

You shouldn’t focus too much on the cost of an asset because it’s the market cap that determines the market value of a project’s circulating token supply. The market cap is the total cost to purchase all the projects tokens entirely in a single transaction. The market cap also helps disclose the amount of risk involved when investing in a project. Cardano was able to soar to the 3rd highest market cap because of the anticipation of the Alonzo hard fork in September 2021. The hard fork will allow DeFi, non-fungible tokens (NFTs) and gaming apps to go live on Cardano.

The project’s large-cap ranking (about $90 billion) makes it principally categorized as a “safe” investment. Analysts identify potential capacity for Cardano to grow in value. Cardano has a chance to match Ethereum’s projection of hitting a $1 trillion market cap by 2022. The Cardano ecosystem is forecasted to grow exponentially, and owning ADA could be rewarding as adoption grows.

C. Jebb’s Bull Case for Cardano

C. Jebb is a talented trader who also provides insights into current events and predictions on the crypto market. He thinks that after ripping through all-time highs, Cardano could be due for a correction to the downside in the short term. However, by recently adding Cardano, Japanese exchanges could help produce a bullish move to the upside long-term. C. Jebb predicts that Cardano will go to $10 in the next 10 to 12 months but looks for it to correct in the short term.

In some ways, Cardano is in a similar position to that of Ethereum in 2018, on the cusp of making its debut into the DeFi and NFT space with the release of SundaeSwap. SundaeSwap is a DEX built on the Cardano blockchain. Sundaeswap uses the same protocol popularized by Uniswap, with several innovative adaptations for Cardano. DeFi protocols running on Cardano could be a bullish catalyst for the long-term growth of the ADA token price.

Jason’s Bear Case for Cardano

Jason from “A Chain of Blocks” podcast is a brilliant market analyst who is a big Cardano fan. Still, he also sees a possible bearish scenario for the project. The crypto space is exceptionally fast-paced, yet the development at Cardano has been moving at a languid pace. Projects that launched years after Cardano like Elrond and Polkadot have delivered far more robust ecosystems. The lack of smart contract functionality means that not many developers are building on Cardano.

Other projects could increase their lead in development if Cardano delays releasing smart contracts. If smart contracts succeed, Cardano will still need time to implement sharding to overcome scalability issues. If the bearish scenario plays out, Jason didn’t give a price prediction but sees a deep correction coming for the price of ADA.

Where to Buy Cardano

You can buy the ADA token at several exchanges, including Coinbase (NASDAQ: COIN) and eToro. If you’re new to the crypto space, a centralized exchange like Coinbase may be easier to use. Make sure to research several exchanges because each has unique benefits to offer users.


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1 Minute Review

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Best For
  • New cryptocurrency traders
  • Cryptocurrency traders interested in major pairs
  • Cryptocurrency traders interested in a simple platform
  • Simple platform is easy to operate
  • Comprehensive mobile app mirrors desktop functionality
  • Coinbase Earn feature rewards you with crypto for learning about available coins
  • Higher fees than competitors



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$10.00 USD

1 Minute Review

Voyager is a leading name in the sphere of cryptocurrency investing, giving you access to over 50 tokens and coins. Buy, sell and swap assets using Voyager Crypto’s simple mobile platform available as a free download for iOS and Android users. 

When you invest through Voyager, you’ll pay nothing in commissions, which is a major benefit when compared to other cryptocurrency brokers. Voyager is also one of the only brokers we’ve seen that allows users to earn interest on their crypto investments. 

Though the broker could do more to improve its customer service, it’s an excellent option for beginner investors and seasoned professionals alike.

Best For
  • Cryptocurrency investors looking for a wide selection of supported projects.
  • Investors who prefer mobile trading.
  • Anyone interested in earning interest on their crypto investments.
  • Simple, straightforward and intuitive mobile platform
  • Wealth of investment opportunities
  • Allows users to earn interest on select crypto investments
  • Only available for mobile users — no desktop platform
  • Limited routes to contact customer service team


Depends on security and leverage

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$50 for US and Australia; $200 everywhere else

1 Minute Review

eToro, headquartered in Cyprus, England and Israel, has provided forex products and other CFD derivatives to retail clients since 2007. A major eToro plus is its social trading operations, including OpenBook, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its lack of tradable currency pairs and underwhelming research and customer service features

Best For
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  • U.S. traders can only buy cryptocurrency


. 25% or less

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0.00001 BTC

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Gemini is a cryptocurrency exchange and custodian that offers investors access to 26 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.

Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader. 

In addition to a host of platform choices, Gemini users also have access to insured hot wallets to store tokens without worrying about digital asset theft. Learn more about what Gemini can do for you in our review.

Best For
  • New investors looking for a simple mobile and web app
  • Experienced investors who need a more advanced platform with more tools
  • Users looking for a 1-stop-shop to buy, sell and store all of their coins
  • Easy and quick signups — can get started in as little as a few minutes
  • Multitude of platforms to accommodate traders of all skill levels
  • Hot wallets include insurance to protect your from theft and hacking attempts
  • Charges both a commission and a convenience fee for users buying and selling through the desktop or mobile app

How Long Will it Take for Cardano to Reach $10?

Cardano has been one of the breakout projects of 2021. It proved its ability to reach high price points by continuously smashing through all-time highs. If the Alonzo hard fork goes off without a hitch, the ADA token could get to $10 before the end of 2021. Cardano will increase its user and developer base as more DeFi and NFT projects are released, which should cause an increase in the price of ADA. For Cardano to reach $10, Bitcoin will have to remain on an upswing for the remainder of the year. However, due to the very turbulent nature of the crypto markets, you should not put too much confidence into price predictions. There could also be delays in project development. A more conservative outlook is that ADA could reach $10 in the next 10 to 12 months.

Where to Store Cardano Safely

It’s not safe to leave your crypto assets on an exchange because, in the event of a hack, you could lose your money. The best practice is to keep your crypto assets offline in a hardware wallet or an online software wallet, depending on your preference. Using a crypto wallet gives you more security as long as you keep your private keys safe.