Crypto experts have bet that Cardano will surpass $8 by the end of 2025. Smart contract capabilities are paving the way for the Cardano (ADA) blockchain to grow at an unprecedented rate since September 2021, when it underwent a major update. Details are on Kriptokoin.com.
17 expert forecasts for Cardano
According to a survey of 17 fintech experts conducted by Finder, crypto experts are examining Cardano’s price potential and are He sees the future of the major Proof-of-Stake (PoS) blockchain as bright. Notably, crypto analysts surveyed from January 6-17 estimated the value of the asset at $8.18 by the end of 2025. That’s an eight-fold increase in just three years for the DeFi token. Moreover, they predicted that ADA will close this year with a price of $2.72, an increase of over 160% from its price on February 2, 2022. Overall, the Cardano-centric analysis is exceptionally bullish. Experts predict that ADA will reach $58 by 2030.
According to Vanessa Harris, Permission’s chief product officer, the currency could hit the $3 threshold this year. “[Cardano] is one of the few smart contract platforms backed by official methods and peer-reviewed research that puts security, accuracy [and] decentralization at its core,” said the analyst, who predicted the Cardano price for Finbold 2022. While Cardano has been criticized for its slow pace of adding new features and functionality to its software, Harris believes the resilience of the currency will help it gain acceptance by governments and civil society groups in the long run.
On the other hand, not all experts contacted were similarly optimistic. Balthazar CEO John Stefanidis and investor Veronica Mihai are among the ADA sufferers. Stefanidis predicts that the price of ADA will drop by the end of 2022 due to “lack of execution and poor technology”. In addition, Mihai predicts that the price of Cardano will drop over the next decade and says, “Unless it achieves tremendous technological advances and a significant user base, it could suffer the same fate as most POS tokens.” Currently, ADA is trading below $1, changing hands at $0.98, down 4.15% in the last 24 hours and down 8.37% in the previous week, with a market cap of $32.9 billion, according to data from CoinMarketCap.
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