Cardano (ADA) is predicted to have a slow 2022. HoDLing your coins until 2030 may well be worth it, according to Finder.com’s latest report.
Finder.com polled 33 fintech specialists to see what might be in store for Cardano. These experts included University of Brighton senior lecturer Paul Levy, CoinSmart CEO and co-founder Justin Hartzman, and NDAX CEO Bilal Hammoud.
Finder.com’s panel of cryptocurrency, fintech, and NFT specialists predict ADA will end 2022 at $2.79. This is around 10% lower than the coin’s all-time high of $3.10. However, massive price increases could be in ADA’s future.
According to the panel average, by the end of 2025, ADA is expected to be worth $8.18, before skyrocketing to $58 by 2030. This is over 4000% higher than the price of ADA at the start of 2022.
ADA’s price has been down since September 2021. The panel thinks this is due to a few different factors. 33% believe it’s due to general volatility. And, 33% say it’s still too soon after the Alonzo upgrade for any positive impact on price to be realized. Another 33% attribute the dip to a lack of market share in terms of total value locked. Meanwhile 8% thought it was due to dApp exploits.
Cardano post-update
Justin Hartzman, CoinSmart CEO, believes we’re still in the early stages post-update. He believes that long-term, ADA will thrive. “Yes, they are infamously slow with their developments, but let’s look at what we have so far. Cardano has completely decentralized block production and they have done wonderful work in Africa. I believe that Cardano will thrive in the future.”
Bilal Hammoud is the NDAX CEO. He gave a 2030 prediction on par with the panel average. He thinks ADA is sorely underrated.
“ADA is one of the most underrated assets, as the smart contract and DeFi stabilize we should see many projects migrate to it.”
10% of panelists believe that ADA is the best investment for 2022 when compared to other altcoins.
Paul Levy of the University of Brighton says it’s because Cardano “is showing strong growth potential with a potential innovation-based foundation.”
Vanessa Harris, Permission chief product officer, is also bullish on ADA’s future. “It is one of the few smart contract platforms that have placed security, correctness, and decentralization at their core, backed by formal methods and peer-reviewed research. While this means Cardano moves more deliberately in the short term, long term this resilience should support adoption by nation-states and non-governmental organizations. We are already seeing this adoption happen in Ethiopia and Tanzania.”
The Cardano Foundation claims to have planted one million trees. By planting trees, the organization has restored forested areas in Mombasa, Kenya.
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