Cardano and its value have been looked at by Finder in its most recent poll. If you talk to a lot of analysts, they think that cardano’s price will reach $58 in 2030. This year, the panel said that the smart contracts-enabled, peer-reviewed currency will end up at $2.72 at the end of the year, too.
Cardano is expected to rise 168 % by the end of 2022
Finder, a comparison website and money app, recently asked a group of analysts about Cardano’s future. They said it was going to be good. In its most recent report on Cardano, a group of analysts said that the smart contracts-enabled cryptocurrency will be worth $58 by 2030. The poll also said that cardano would end the year with a price of $2.72, up more than 160%.
A big supporter of Cardano on the panel, Vanessa Harris, thinks the currency could reach the $3 dollar mark this year, but she doesn’t know for sure. She told us what she thought, saying:
“Cardano is one of the few smart contract platforms that have placed security, correctness [and] decentralization at their core, backed by formal methods and peer-reviewed research.”
While Cardano has been criticised for its slow progress when it comes to adding new features and functions to its codebase, Harris thinks this will help the currency be used by countries and non-governmental organizations because it is so durable.
However, not all of the experts we talked to were the same way. John Stefanidis, the CEO of Balthazar, and Veronica Mihai, an investor, are two of the people who aren’t happy. Because of “lack of execution and poor technology,” Stefanidis thinks cardano’s price will fall in 2022, making it less valuable. Mihai also thinks that the price of cardano will go down in the next ten years, but he doesn’t know how much. She said that:
“Unless they achieve great tech advances and a significant user base, it may suffer the same fate as most POS coins.”
Cardano’s Journey so Far
As long as Cardano has been around, smart contracts have only just been added to the cryptocurrency’s code. Alonzo was a hard fork of smart contracts that was used last year. It was meant to bring important defi apps to the ecosystem. However, some people think the currency hasn’t been able to get a lot of TVL behind the defi platforms that are out there.
They think this is one reason why the price of cardano went down after Alonzo made a hard fork, but it’s not the only one. 33 percent of the people on the panel said this was a factor in how the price has been going so far. The general volatility of the market and the fact that it is still early in the post-update stages are also to blame for this.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.