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Cardano price prediction 2022: Is it too late to buy ADA?

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We reveal why our panel think Cardano (ADA) will be worth US$0.63 by the end of 2022 before rising to US$2.93 by 2025, and while holding until 2030 may pay-off, our panel is far more bearish on ADA’s future than in it was in the January 2022 report. All prices mentioned in this report are in US dollars.

Finder runs quarterly surveys of industry experts, asking for their thoughts on how various cryptocurrencies will perform over the next decade. During the July 2022 survey, we asked our panel of 53 industry specialists to give their predictions on Cardano’s price between now and 2030.

Learn more Where to buy Cardano (ADA)

See our guide for a complete run-down of Cardano and its ADA cryptocurrency

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Cardano (ADA) price prediction 2022

Cardano is expected to finish 2022 worth US$0.63, according to Finder’s panel of fintech specialists. Looking further down the road, the panel thinks ADA will close out 2025 at $2.93 and 2030 at $6.54.

Back in January, prior to the market collapse, the panel said ADA would close out 2022 at $2.79, which is now closer to their projection for the coin’s value in 2025.

There is also a steep decline in their expectations for its value over the next decade. The current projection of $6.54 for 2030 is far more conservative than the prediction of $58.04 back in January 2022.

This may partially be a reflection of the crypto market in general. It could also be a reaction to the fact that Cardano developers did not deliver on as much as ADA holders had hoped for in regard to ecosystem (ie DeFi, NFT) development.

Dr Iwa Salami, co-director of the Center of FinTech at the University of East London, gives a projection of $0.60. This is slightly below the panel average, though it sees the coin having utility going forward:

“I think the relevance of the Cardano blockchain, particularly as it seeks to foster financial inclusion in developing economies, is very significant and is likely to expand its long-term use, and therefore have a positive impact on the price of ADA.”

Matt Lobel, founder of PLAYN, expects ADA to rally to $1.50 by the end of the year. He said that while the pace at which ADA is growing may be frustrating, the management team’s quality-first approach will help ADA “continue to grow and not hit some of the quality issues that other projects have”.

Morpher CEO Martin Froehler shares this sentiment. He thinks ADA will be worth $1 by the end of 2022 and simply says, “slow and steady wins the race”.

Ramani Ramachandran, CEO and co-founder at Router Protocol, is not as sold on the use case of ADA going forward, predicting the coin will end 2022 worth just $0.20.

“ADA will either make the world’s most decentralized blockchain or nothing,” he says. “There will be no middle line.”

Charles Silver, executive chairman for Permission.io, is also pessimistic about ADA’s future utility. He thinks it will be worth $0.20, saying, “I don’t believe there is a use case for Cardano, and it will eventually go away.”

DigitalX funds management executive Alex Nagorskii took it a step further by not even providing predictions for the coin, saying that in its current form, “it is not an asset worth holding”.

Buy, sell or HODL?

The panel is fairly bearish on Cardano, with just 26% saying it’s time to buy and a further 26% advising holding onto what you’ve got. Almost half the panel (48%) thinks that now is the time to sell.

Pandora general partner Gavin Smith mentions some of the delivery issues Cardano has dealt with in the past, but says that with “a successful delivery plan, Cardano could gain a lot of traction because of the well-designed software architecture superior to most other blockchains. “

John Hawkins, a senior lecturer at the University of Canberra, is in the sell camp. He doesn’t see it having any viability going forward, as “it is just another volatile coin which largely follows the price gyrations of Bitcoin and has little real-world use.”

While in the hold camp, Dimitrios Salampasis, director of the master of financial technologies (MFinTech) program and lecturer at Swinburne University of Technology, cites the “potential” for Cardano’s future, “especially after the completion of the Vasil hard fork.”

How will Cardano’s Vasil hard fork affect its price?

As for the impact of Cardano’s hard fork, which is designed to decentralize the network further and increase throughput, on the coin’s price, 1 in 5 (20%) panellists say that it will have a long-term positive impact. An additional 17% say that it will at least have a positive impact in the short term.

A mere combined 18% think that the Vasil hard fork will negatively affect Cardano’s price, with 9% each saying it will either result in a short- or long-term decrease in its price.

Salampasis believes that the hard fork will lead to a long-term increase in Cardano’s price, because it “will bring efficiency and optimization since more data will be able to fit into each smart contract transaction”.

Ben Ritchie, managing director at Digital Capital Management, is part of the 34% who are unsure of how the Vasil hard fork will impact Cardano’s price.

“In our understanding, the hard fork will benefit developers who want to use the Cardano network and the communities who love low fees and high-speed networks. However, the upgrade may be good for the future of the network as more project developers can build on the Cardano network with ease.”

A slight majority (51%) of the panel says the Vasil hard fork will increase Cardano’s utility. A further 34% are unsure and 14% don’t think it will have any effect.

The panel is also fairly indifferent on whether the Vasil hard fork will provide Cardano with a competitive advantage once Ethereum’s “sharding” – or split designed to support more users – happens, with 46% unsure of what Cardano’s success will look like post-Ethereum’s sharding . An additional 37% don’t see Cardano losing its competitive advantage. Just 17% say it will have an effect.

  • methodology

    methodology

    Finder surveyed 53 fintech specialists between late June and early July 2022. Of those, 26 gave a price forecast for Cardano. Panellists may own some cryptocurrencies, including Cardano. All prices are listed in USD per ADA.

    Changes to methodology: In the first half of 2021, this research was conducted using the simple mean of all answers supplied to Finder. From October 2021, we switched to using the truncated mean, with the top and bottom 10% of responses removed in order to attain a more consistent result. Any results from early 2021 quoted in this analysis have also been re-calculated using the truncated mean.

Quick facts

Coin name Ada
symbol ADA
Algorithm type Ouroboros proof of stake
mineable No
Launch date September 29, 2017

Where to buy ADA

Read our simple guide to buying Cardano (ADA) for more.

Cardano’s competition

It’s also important to be aware that Cardano isn’t the only project being billed as a next-generation blockchain platform. As well as battling with established players in the crypto sphere, it will also face competition from other new projects. The following are some other currencies you may want to keep an eye on:

  • Ethereum (ETH). The biggest smart contracts platform and the world’s second-largest cryptocurrency by market cap at the time of writing (March 2018), Ethereum has the early mover advantage and a strong reputation. However, its efforts to overcome scalability problems in the coming months will be watched with interest.
  • EOS (EOS). A smart contracts platform that aims to be more scalable and easier to use than Ethereum, EOS offers an infrastructure for commercial-scale dapps.
  • Lisk (LSK). Launched in 2016 and built in JavaScript, Lisk is a blockchain platform with the aim of making it as easy as possible for developers to create and deploy dapps.
  • NEO (NEO). Originally known as AntShares, NEO is commonly referred to as China’s answer to Ethereum. Developed as a platform for digital assets and smart contracts, NEO was one of the world’s top 10 cryptocurrencies by market cap at time of writing (March 2018).
  • NEM (XEM). Released in 2015, NEM is a smart-asset blockchain built for businesses. It’s backed by The NEM.io Foundation, a Singapore-based non-profit organization.
  • Qtum (QTUM). A blockchain platform built for business, Qtum combines the security of bitcoin’s blockchain with the ability to build dapps and smart contracts.

Beyond 2022: What does the future hold for Cardano?

Built on scientific philosophy and peer-reviewed academic research, Cardano offers a different approach to many of the other smart contract platforms. It’s backed by a strong development team, has a clear timeline of goals and offers a host of benefits over the largest smart contracts platform, Ethereum.

However, it’s still only in the early stages of development. While the Cardano team are currently working on launching its virtual machine, smart contracts capability and a host of other features, its competitors will also be getting their own houses in order. Most notably, Ethereum will be working on scaling solutions to improve transaction processing times, and the progress it makes in this area could have a big impact on the price of Cardano.

bottom line

The bottom line with Cardano and its ADA cryptocurrency is that it’s still very new. While it’s a platform with plenty of promise and potential, that promise and potential is some way off from being fully realized. It’s also far from the only exciting project with lofty goals, and predicting which platforms will achieve widespread adoption and which will struggle for relevance is extremely difficult.

With this in mind, the best advice is simply to do your own research. Find out everything you can about the fundamentals behind Cardano and what the project hopes to deliver. If you’re optimistic about its chances of success and the potential for price gains, you can then think about buying some ADA.

Images: Shutterstock

At the time of writing, the author holds IOTA and XLM.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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