CardanoIt is among the top 10 cryptocurrencies by market cap and also has an extremely loyal community. However, Cardano’s price has not always lived up to expectations, and Dogecoin recently overtook ADA to become the eighth-largest cryptocurrency by market cap.
The main concern for many investors is whether Cardano can return to its past glory days and possibly reach a new high. However, there is no guaranteed way to predict such an outcome. However, forecast review by a panel of experienced investors and traders can offer some valuable insight. This type of analysis can help investors understand potential future trends and adjust their strategies accordingly.
According to Finder’s analysts, Cardano’s future looks complicated. It is predicted that the price of crypto money will increase, but some expectations may not be at the expected levels. For example, some analysts predict that ADA could reach double-digit prices within a few years.
However, Finder’s analysts expect more gradual but sustainable growth. They predict that the upcoming Bitcoin halving and resulting increased market sentiment could see ADA rise as high as $1.57 by the end of 2025.
If this prediction comes true, ADA would more than double from its current market cap of $0.64. This would also mean a market cap of over $50 billion for the cryptocurrency, but it would be less than the $94 billion peak seen during the 2021 bull run.
Fundamentally, Finder’s experts do not expect Cardano to break its previous all-time high in the current cycle, neither in terms of market cap nor price. The previous all-time high price was set at $3.10 in September 2021.
The decline predictions are largely based on the panelists’ assumption that Cardano has lost the leadership position it enjoyed years ago. Others argue that the network does not have the same technology as Ethereum’s virtual machine (EVM) and therefore lacks the features to support the necessary additional adoption.
For these reasons, panelists predict that Cardano will only break the $3 barrier again in 2030. At that time, the cryptocurrency will surpass its current all-time high, trading at $3.15.
However, it is important to note that Cardano is well ahead of an earlier prediction made by the panelists. While panelists had predicted that ADA would trade around $0.32 by the end of 2023, ADA closed the year at around $0.59. Therefore, there is also the possibility that the cryptocurrency will continue to advance faster than previously planned and exceed expectations.
Source : The Crypto Basic