Cardano (ADA) is expected to have a slow 2022. HoDLing your coins to 2030 might just be worth it, according to Finder.com. last report.
Finder.com polled 33 fintech specialists to see what might be in store for Cardano. These experts included Paul Levy, senior lecturer at the University of Brighton, Justin Hartzman, CEO and co-founder of CoinSmart, and Bilal Hammoud, CEO of NDAX.
Finder.com’s panel of cryptocurrency, fintech and NFT specialists predicts that ADA will end 2022 at $2.79. This is around 10% below the coin’s all-time high of $3.10. However, massive price increases could occur 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. That’s more than 4,000% higher than the price of ADA. ‘ADA in early 2022.
The price of ADA has been declining since September 2021. The panel believes this is due to a few different factors. 33% believe this is due to general volatility. And, 33% say it’s still too early after Alonzo’s upgrade for a positive price impact to be realized. A further 33% attribute the decline to a lack of market share in terms of total value locked. Meanwhile, 8% thought it was due to dApp exploits.
CoinSmart CEO Justin Hartzman believes we are still in the early stages of the update. He believes that in the long run, ADA will thrive. “Yes, they are sadly slow in development, but let’s look at what we have so far. Cardano has completely decentralized block production and they have done a great job in Africa. I believe Cardano will thrive in the future.
Bilal Hammoud is the CEO of NDAX. It gave a prediction for 2030 on par with the panel average. He thinks ADA is grossly underrated.
“ADA is one of the most underrated assets, as smart contract and DeFi stabilize, we should see many projects migrate there.”
10% of panelists think ADA is the best investment for 2022 compared to other altcoins.
Paul Levy of the University of Brighton says this is because Cardano “shows strong growth potential with a potential innovation-based foundation.”
Vanessa Harris, chief product officer of Permission, is also optimistic about the future of ADA. “It is one of the few smart contract platforms that has put security, accuracy, and decentralization at its core, backed by formal methods and peer-reviewed research. While this means Cardano acts more deliberately in the short term, this long-term resilience should support adoption by nation states and non-governmental organizations. We are already seeing this adoption happening in Ethiopia and Tanzania.
The Cardano Foundation claims to have planted one million trees. By planting trees, the organization restored forested areas in Mombasa, Kenya.
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