Making an ADA coin pricde prediction is tough right now. Cardano's coin price fell 11% to $0.66 on Monday, 9 May, 2022, meaning it has dropped 35% in the past month. This was despite having a strong run in March, with prices reaching as high as $1.21. 

There are several reasons attributed to the change in fortunes from April. Notable is the re-emergence of Covid-related lockdowns in China, with authorities in China placing an international travel ban on Chinese citizens, preventing them from travelling for non-essential reasons. Shanghai, the financial hub of China, has been on lockdown since the end of March, with many people forced to stay at home without access to food, medicine, and other vital supplies. More than 30 cities across China are now under full or partial lockdown, affecting 220 million people. Travel has further been discouraged by a reduction in the issuance of travel documents which has fallen 6% since 2019. Passport renewals for non-essential travel also stopped in February.  

Many people that invest in cryptocurrencies believe that it is the latest version of gold, especially Bitcoin. However, while gold prices have risen 3% in 2022, with the S&P falling by 16%, the same cannot be said for Bitcoin. It fell as low as $25,402, matching its 52-week low. This resulted from a mass sell-off due to the instability of TerraUSD (UST), which failed to hold its 1-to-1 peg with the US dollar and fell as low as $0.45. In turn, the downward selling pressure in the stock market has been due to high US inflation and the aggressive countermeasures of the Fed, with CPI rising by 8.3% in a year and inflation being at its highest since 1981. 

Earlier in the month, the Fed had raised interest points by 50 bps to a target range of 75% and 1%, with the Fed Chair announcing a further 50 bps is on the cards over the next two FOMC meetings. They will also begin allowing $30 billion in US Treasuries and $17.5 billion in mortgage-backed securities to come off its balance sheet starting in June. Russia’s invasion of Ukraine in February also sparked a mass sell-off in the stock market, which in turn affected cryptos.  

Recently, specifically related to Cardano, there was an increase in its Block size on the main net to improve the transaction performance of the dApps. However, this did not seem to affect the price.  

## Number of ADA Holders Increasing

According to crypto experts, more than 500 projects are currently built on the Cardano blockchain. The token distribution is almost 90% retail, with this number likely to increase. With the number of long-term Cardano (ADA) holders growing by 32% in February, Dr. Shweta, the owner of KIBC1 and 2, further predicts that the coin value of ADA could increase by another 25% as crypto investors stock up on their Cardano holdings.  

An Analyst from Capital.com warned that Cardano investments should be taken with caution. Cryptocurrencies are currently less used as a hedging instrument, and a favourable market for cryptocurrencies, including Cardano, can only occur when the economic and geopolitical situation in the world starts to improve. This, alongside the fact that it is very volatile, makes it hard to predict future performance.  

The current prices are, from a technical point of view, a good opportunity to buy cheap. However, it is on a bearish run in the short term. Only three indicators give bullish signals and 28 bearish as of the week commencing 9 May.  

## ADA Price Prediction

Wallet investor believes that ADA coin price prediction will reach $1.52 in a year and $4.6 by May 2027. Digital Coin Price also believes that the price will rise as high as $0.86 in 2022, $0.97 by 2023, $1.28 in 2025 and $3.06 in 2030. However, Price Predictions ADA price is the most optimistic, with the average price expected to hit $1.15 in 2022, $1.62 in 2023, $3.56 in 2025, $21.35 in 2030, and $32.25 in 2031.  

Since its release, ADA has had an ROI of 2,967%, according to [CoinMarketCAP](https://coinmarketcap.com/). From a historical point of view, ADA crypto price traded in a sideways range until around November 2017, when the price rose from $0.029 on 20 November to $0.119 on 28 November, representing a 310% increase. ADA coin price continued to rise and closed 2017 at $0.719. By 4 January 2018, the crypto's price had reached $1.11, but due to its volatile nature, it declined by 97% to close the year at $0.041. It remained under $1 in the years 2019 and 2020, respectively. ADA regained momentum in 2021, went as high as $1.48 on 15 April, and reached $2.30 on 16 May. It fell to $1.98 on 21 September and fell again to $1.21 on 10 December. It closed the year at $1.31.  

## SundaeSwap Cardano Protocol Launches

Cardano has continued in its volatile nature in 2022, firstly by reaching $1.63 on 18 January following the launch of [SundaeSwap](https://www.sundaeswap.finance/). SundaeSwap is an automated market maker decentralised exchange which runs on Cardano and allows users to trade, stake, and lend tokens on the platform. Fees are low and liquidity providers can earn a return on their deposits. Following this launch, it declined to $0.75, as did the entire stock and cryptocurrency market following Russia’s invasion of Ukraine. ADA is currently trading at 0.54 as at the time this article was written, with a market capitalisation of 18.5bn.  

Therefore, to conclude, even though the crypto price of ADA, like most cryptocurrencies and stocks now, seems to be on a bearish run, in the long term we expect it to resume its bullish run and continue to rise as it has done historically since its exception.


ADA Coin Price Prediction

Here's where we take a look at ADA news, crypto markets and how Cardano is doing.

Bitcoin has been in a significant uptrend for several months, but other cryptocurrencies are starting to catch up.

Cardano, for example, has seen a 5% price increase in the past 24 hours as ADA reaches $1.50 for the first time since 2018 and continues its bullish momentum.
The number of Cardano wallets has hit an all-time high.

Data from Glassnode shows that there are now more than 1.3 million active retail wallets on Cardano's network, the highest number ever recorded.
This is a significant milestone because it exceeds the previous record of 1.2 million sets at the peak of the 2017 bull cycle.

## ADA News Crypto: Number of active wallets

Also, Cardano (ADA) reached a new all-time high in terms of the number of active wallets at the end of March. The retail interest in Cardano increased on the back of ADA’s price rally, which pushed above $1.30 for the first time.

According to data from IntotheBlock, ADA had as many as 315,000 active retail wallets at the end of March. This is a new all-time high for Cardano and represents a 15% increase over February.
The number of active retail wallets for ADA has been steadily growing since January 2021, which coincides with Cardano’s massive price rally and increased adoption by institutions.

On the institutional side, Grayscale added over 690,000 ADA to its asset base in March alone. This takes Grayscale’s ADA holdings to 2 million tokens or close to $3 billion.
The firm now holds over 2% of all outstanding ADA tokens, according to data from IntoTheBlock.

Cardano’s price also neared its record high after rallying to $1.30 on Binance earlier today. At the time of writing, ADA trades at $1,210 with a market cap of $38 billion.

## ADA News Crypto: The price of ADA

Cardano (ADA) is a relatively new cryptocurrency protocol. It was designed to be a blockchain-based platform that allows decentralized applications and smart contracts.
Cardano was envisioned as a third-generation blockchain, the successor of Litecoin and Ethereum. Cardano has a single native asset called ADA, used for all transactions on the network.
The ADA price has seen an impressive rally this year, fueled by the growing interest in decentralized finance (DeFi).

At press time, ADA is trading at nearly $1.25 — this marks an impressive 471% increase from its yearly low of $0.21 set in March 2020.

## Ada News Crypto: Cardano (ADA) Becomes one of the hottest cryptocurrency

Cardano (ADA) is currently one of the hottest cryptocurrencies on the market, following a strong rally in the past few days. According to data provided by crypto analytics platform SANbase, Cardano's retail wallets reached an all-time high, surpassing the previous ATH established in February 2020 by 30%.

The increased interest in Cardano comes as the network prepares to upgrade its Shelley mainnet with a new hard fork called Mary. The upgrade will add multi-asset support and native tokens to Cardano. The fork is scheduled for February 20th.

Cardano's gains have been part of a broader bull run that has seen BTC reach $50k for the first time last week. In recent weeks, most top coins have rallied significantly, such as WazirX's WRX token or Swipe's SXP coin.


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