UK Experts Predict ADA Growth to $1.57

Analysis of British Market Experts' Projections for ADA

Mar 29, 2024 - 09:30
Mar 29, 2024 - 09:32
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UK Experts Predict ADA Growth to $1.57

Despite recent challenges, British market experts foresee a promising future for Cardano (ADA), expecting this cryptocurrency to surpass its previous records within the next six years.

Cardano, ranked among the top ten largest cryptocurrencies by market capitalization, boasts one of the most dedicated communities. However, ADA's price has not always met expectations, and it was recently overtaken by Dogecoin in terms of market value.

For many investors, the key question is whether Cardano can regain its former glory and reach new heights. While the future remains uncertain, analysis from British market experts sheds some light on the matter.

According to Finder's panel of experts, the future of Cardano seems promising, although some analysts suggest a more moderate growth. It is predicted that the upcoming reduction in Bitcoin miners' rewards and optimistic market sentiment could push ADA's price up to $1.57 by the end of 2025.

If this forecast comes true, ADA will double its current market value, reaching over $50 billion, but still less than the peak value of $94 billion during the 2021 bull run.

Finder's experts do not anticipate Cardano surpassing its previous records, both in terms of market capitalization and price, in the current cycle. The previous all-time high, reached in September 2021, was $3.10 USD.

The pessimistic analysis is based on the assumption that Cardano has lost its leadership position and lacks certain technological features available in Ethereum (EVM).

Therefore, experts predict that Cardano will only exceed the $3 mark again in 2030, reaching a price of $3.15.

*This is not financial advice