The case of Cardano and its price potential has been examined by Finder in its latest panel poll. According to the opinion of the analysts consulted, cardano’s price will reach $58 by 2030. The panel also predicted that the smart contracts-enabled, peer-reviewed currency will finish this year with a price of $2.72.
Cardano will jump 168% by the end of 2022
The future of Cardano is bright according to the latest analyst poll by Finder, a comparison website and money app. In its latest Cardano-centric report, a panel of analysts predicted that the smart-contract-enabled cryptocurrency will reach a price of $58 by 2030. The poll also predicted that cardano would end this year with a price of $2.72, jumping over 160%. .
One of the biggest proponents of Cardano on the panel, chief product officer at Permission, Vanessa Harris, believes that the currency could reach the $3 dollar mark this year. She explained her opinion, stating:
[Cardano is] one of the few smart contract platforms that have placed security, accuracy [and] grassroots decentralization, supported by formal methods and peer-reviewed research.
While Cardano has been criticized for the slowness of its advancement when it comes to including new features and functions into its codebase, Harris believes this will aid the currency in being adopted by nation-states and non-governmental organizations due to its resilience.
However, not all the experts consulted were equally optimistic. Among the bears are Balthazar CEO John Stefanidis and investor Veronica Mihai. Stefanidis sees Cardano’s price dropping in 2022 due to “lack of execution and poor technology”. Mihai also believes that the price of cardano will drop over the next ten years. She said:
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
While Cardano was launched in 2017, the cryptocurrency has recently started integrating smart contracts into its code. The smart contracts hard fork, called Alonzo, was applied last year and hoped to bring significant challenge applications to the ecosystem. However, some believe that the coin has comparatively failed to amass significant TVL behind available defi platforms.
This is one factor the panel sees as relevant when it comes to the price dip of cardano after the Alonzo hard fork. 33% of the panelists stated this was a factor when it comes to price action so far. Others also attributed this to general market volatility and also to still being early in the post-update stages.
