Cardano price prediction: (ADA) is predicted to end 2022 at $0.63. This is according to Finder.com’s latest Cardano Price Predictions Report.
Finder.com recently polled 53 fintech specialists. Among the respondents was CoinSmart CEO Justin Hartzman, University of Brighton senior lecturer Paul Levy, and CEO of NDAX Bilal Hammoud.
Cardano Price Prediction: Medium and Long Term
The medium and longer-term predictions are more interesting. They are bullish at $2.93 for the end of 2025. Plus, there’s another prediction for $6.54 for the end of 2030. These predictions are still below forecasts made by the Finder panel in January of 2022.
Paul Levy, a University of Brighton senior lecturer, says ADA will be worth $0.50 by year end. But it will be $5 by December of 2025.
“As a native token of a proof-of-stake blockchain with some firm inventor foundations, there is still a lot of potential in Cardano to challenge and even overtake Ethereum. Proof of stake is likely the future of most if not all crypto in the future. Cardano, despite current volatility, is well placed,” he said.
Daniel Polotsky, CoinFlip chairman, predicts ADA will be $0.37 at year’s end. He is part of the 48% who think that it is time to sell the token. “Its price and hype are way too high given its relatively low total value locked compared to its competitors. The project was founded in 2015 and released in 2017, yet it has squandered that early-mover advantage to competitors who have recruited developers and built at a faster pace.”
As for 26% of the panel, they think it’s time to hold. Another 26%, like PLAYN founder Matt Lobel, predict that it is a good time to buy ADA. Lobel predicts it will be worth $1.50 in December. This is thanks to its “strong adoption, expanding features and a careful management team that is taking a quality first approach.”
Vasil Hard Fork Update
More than half the panel (51%) say that the vasil hard fork update will increase Cardano’s utility. So, 37% expect this will increase ADA’s price.
17% of the panel think this will be a short-term increase only. 20% of panelists think it will end up as a long-term price increase.
Dr Dimitrios Salampasis, Technology director at Swinburne University predicts the Vasil Hard Fork will improve efficiency and optimization. This is because more data can fit into each smart contract transaction.
“This is expected to improve speed of transactions and settlements and reduce transaction fees (compared to high gas fees in Ethereum). Moreover, I believe that the Vasil Hard Fork will increase the utility value and boost more innovative projects utilizing smart contracts.”
Cardano Price Prediction: A Decrease?
Not everyone is a fan of the idea. 17% of the panel think the fork will lead to a price decrease. Kevin He, the Cloudtech group COO, predicts the vasil hard fork will lead to a short-term price fall. This is based on price observations of other tokens after a fork.
“We will find that after the hard fork, the price of both the original token will rise before the fork and both old and new token price will fall after the fork is completed. This is because when people get the free token, they tend to dump it straight away.”
He is part of the 17% minority who predict Cardano’s competitive advantage caused by the Vasil Hard Fork will be reversed once Ethereum’s ‘sharding’ happens.
“Cardano’s advantage of fast transactions will no longer exist after the launch of ETH 2.0. And due to the efficiency problem of the development team causing Cardano to significantly lag behind other competitors in smart contracts and dapp compatibility, coupled with the bear market blow we are not optimistic about the value of Cardano in the future.”
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