A panel of crypto industry professionals predicts that Cardano’s price will skyrocket to $2.93 and $6.53 by 2025 and 2030, respectively. However, analysts estimate that the coin will trade at only $0.63 by the end of 2022.
As per statistics from CoinMarketCap, the coin is trading at about $0.436. By December, the coin may still see gains exceeding 40% if these crypto experts are accurate.
Meanwhile, Finder surveyed in January on the price of Cardano. Experts predicted that it would finish 2022 at $2.79 and shoot to $58 by 2030. However, the currency still has a long way to go.
Cardano Can Surpass Ethereum
Paul Levy, a University of Brighton’s senior lecturer, is among the professionals who responded to Finder’s survey. He thinks ADA would only be worth $0.5 by December but would increase to $5 in 2025. Levy reportedly said:
“Cardano still has a lot of capability to compete and surpass ETH. Cardano is a native token of a PoS blockchain with solid roots. Years from now, most cryptocurrencies would move to PoS consensus mechanism.”
The analyst believes this is not a hindrance despite ADA’s current volatility. Likewise, Daniel Polotsky, CoinFlip’s founder, believes the crypto will end 2022 at $0.37.
Meanwhile, Polotsky is part of the 48% who think it’s time to sell ADA, despite its rising popularity. He claimed that ADA’s price and marketing are quite high compared to its competitors despite its TVL.
The CoinFlip founder continued by saying that ADA lost its earlier edge over competitors. As a result, despite its release in 2017, other rivals have developed at a faster speed.
Cardano’s Vasil Hard Fork To Increase Price
Furthermore, Finder is known for conducting polls to get the opinions of crypto experts each quarter. The platform surveyed the prediction of 53 experts on Cardano’s possible price.
From the results, 26% advise investors to hold while 26% advise them to keep buying the dip. Also, 51% think Cardano’s usefulness will grow after the planned Vasil hard fork.
Experts anticipate it would result in a huge performance enhancement to the crypto’s network. Besides, 37% expect a price rise after the upgrade.
Dr. Dimitrios Salampasis, director at the University of Technology, Swinburne, noted that the hard fork would improve network performance. Meanwhile, 20% of respondents feel the hard fork will result in long-term benefits.
However, 17% only see short-term benefits that will pass quickly. On the other hand, 17% of Finder’s panel noticeably thinks the hard fork would cause a price decline.