Experts Weigh In on the Future Value of Cardano (ADA)
2022.07.18 08:42
Experts Weigh In on the Future Value of Cardano (ADA)
- Cardano (ADA) is expected to skyrocket to around $2.93 by 2025 and $6.53 by 2030.
- Some experts believe that ADA’s price may drop to as low as $0.2 due to a limited amount of utility.
- ADA’s price is currently $0.458, according to CoinMarketCap.
Currently the 8th largest crypto by market cap, Cardano (ADA), is expected to skyrocket to around $2.93 by 2025 and $6.53 by 2030. This is according to Finder’s panel of fintech specialists. These specialists also hope that the coin will be worth $0.63 by the end of 2022.
As a result of the market crash, the panel has changed their original prediction that ADA would close 2022 off at $2.79 to forecast that the crypto’s price will more likely only hit that level by 2025.
Likewise, their projections for its value over the next 10 years have also fallen sharply. Compared to the forecast of $58.04 made back in January 2022, the current projection of $6.54 for 2030 reflects a more cautious prediction.
Meanwhile, the co-director of the Center for FinTech, Dr. Iwa Salami from the University of East London, predicts a price of $0.60 by the end of 2022. She believes that Cardano’s value is likely to increase over the long-term, together with its use. As a result, the price of Cardano (ADA) will increase.
According to her, the value of Cardano comes from the fact that it aims to promote financial inclusion in developing countries.
On the other hand, the executive chairman of Permission.io, Charles Silver, has doubts regarding the future utility of the Cardano blockchain. Given his negative outlook on Cardano, he predicts that ADA’s value will drop to $0.20.
At the time of writing, the price of ADA stands at $0.458, according to CoinMarketCap. This comes after a 5.51% price increase occurred over the past 24 hours.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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