Cardano (ADA) was launched in 2017 by Charles Hoskinson, who was also one of the co-founders of Ethereum. Understanding ADA's price history gives important context for evaluating the token's current valuation and future potential.
ADA All-Time High and All-Time Low
ADA reached its all-time high of $3.09 in September 2021, following the highly anticipated Alonzo hard fork that brought smart contract functionality to the Cardano blockchain. The token surged 116% in a single month after Alonzo launched on September 12, 2021. ADA's all-time low was recorded at $0.01925 in early 2018. At current prices of approximately $0.26, ADA is trading 91.85% below its all-time high.
Key Historical Milestones
ADA's pre-launch sale price was just $0.0024 — which represents more than 100x return even at today's depressed prices. Five rounds of public sales were held between September 2015 and January 2017. In August 2021, Charles Hoskinson announced the Alonzo hard fork, which caused a massive price surge. The 2022 bear market saw ADA fall from over $3 to below $0.30, following the broader crypto market collapse triggered by the Luna/Terra ecosystem collapse and the FTX bankruptcy.
ADA is currently trading 91.85% below its all-time high of $3.09 and 1,206.92% above its all-time low of $0.01925.
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ADA Price by Year Summary
In 2017, ADA launched through public sales at fractions of a cent. By early 2018, the 2017 bull market had pushed ADA to $1.08. Throughout 2019 and 2020, ADA consolidated in the $0.03 to $0.17 range as the broader market digested the 2018 crash. The 2020 to 2021 bull market drove ADA from $0.10 to its all-time high of $3.09. From 2022 through 2023, sustained bear market conditions kept ADA between $0.25 and $0.65. In 2024, the Voltaire governance era launch and growing DeFi interest on Cardano provided renewed momentum, pushing ADA back toward the $0.60 to $0.80 range before the current consolidation period.
Lessons From ADA Price History
ADA's price history reveals several key patterns for investors to consider. The token has consistently outperformed during broad crypto bull markets, with gains of 1,000% to 4,000% in favorable conditions. It has also experienced sharp corrections of 80% to 95% during bear markets. Long-term holders who entered before 2020 remain significantly in profit. The token's price is closely correlated with Bitcoin movements in the short term, but has the potential to decouple upward during periods of Cardano-specific catalysts.
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