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Cardano Price Prediction: Could ADA Price Rise to $0.63 in Late 2022?



 Cardano Price Prediction: According to experts surveyed by Finder.com, ADA price will be $0.63 by the end of 2022.


53 fintech specialists were surveyed for the latest Cardano price forecast report by Finder.com. Experts interviewed include Justin Hartzman (CEO of CoinSmart), Bilal Hammoud, (CEO of NDAX) and Paul Levy, Lecturer at the University of Brighton.

The medium and long-term forecasts of the experts are mostly bullish: The experts assume that the Cardano price will be USD 2.93 at the end of 2025. By the end of 2030, the ADA price will be $6.54, according to respondents. These are average values. However, the current forecasts are still below the predictions of the panel that polled Finder in January 2022

Paul Levy, a lecturer at the University of Brighton, expects the ADA price to end the year at $0.50. Levy also estimates that the cryptocurrency could reach $5 by the end of 2025 based on its fundamentals:


“As a native token of a proof-of-stake blockchain with some solid and inventive fundamentals, Cardano still has a lot of potential to compete with Ethereum and even push ETH out of the market. Proof-of-stake will likely be the future of most, if not all, cryptocurrencies . Cardano is well positioned despite the current volatility .”


CoinFlip Chairman Daniel Polotsky predicts that the Cardano price will end the year at $0.37. He is among the 48% who think the token should be sold now:


“The price and hype is clearly too high given the relatively low Total Value Locked compared to the competition. The project was founded in 2015, came on the market in 2017. However, Cardano has given away the early mover advantage to competitors who have hired developers and built at a faster pace.”

26% of the panel think it is worth holding ADA right now. Another 26%, like PLAYN founder Matt Lobel, believe now is a good time to buy Cardano. Lobel predicts that the ADA price will be around USD 1.50 in December 2022. Lobel explained that the price increase will be due to "the strong adoption, the expansion of features and the conscientious management team that puts quality first" .


Vasil Hard Fork Update

Just over half of the panel (51%) believe that the Cardano Vasil hard fork will improve Cardano's utility. 37% assume that the hard fork will have a positive effect on the Cardano course.


17% of the experts surveyed think that the Vasil hard fork will only lead to a short-term price increase. 20% believe that the update will have a positive impact on the price in the long term.

dr Dimitrios Salampasis, Director of Technology at Swinburne University, predicts that the Vasil hard fork will improve efficiency and the level of optimization. The reason for this is that more data can be integrated into each smart contract transaction. 


“This is intended to improve transaction and settlement speeds and reduce transaction fees (compared to Ethereum ’s high gas fees ). Also, I believe the Vasil hard fork will increase utility and strengthen innovative projects using smart contracts.”

Not all experts on the panel are bullish on the cryptocurrency. 17% of the panel believe that the Cardano price will fall after the hard fork. Kevin He, the COO of Cloudtech Group, believes that the Vasil hard fork will trigger a short-term price decline. This forecast is based on price observations of other tokens after a fork:


“We will find that after the hard fork, both the price of the original token before the fork increases and the price of the old and new tokens decreases after the fork. That's because when people get free tokens, they tend to sell them right away."


He is among the 17% who believe Cardano will lose its competitive edge once Ethereum successfully adopts sharding:


“After ETH 2.0 is out, Cardano will lose the benefit of faster transactions. And with the development team's efficiency issues causing Cardano to lag significantly behind other competitors in smart contracts and dApp compatibility, coupled with the bear market, we're not optimistic about Cardano's value going forward."


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

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