A panel of crypto industry experts has predicted that Cardano (ADA) price will surge to $2.93 by 2025 and $6.53 by 2030. The panel believes that ADA price will only gain about 40% from current prices to trade at $0.63 by the end of the year.
The latest predictions are far below the findings of a similar survey conducted by Finder in early 2022, where experts forecasted that Cardano (ADA) would trade at around $2.79 by the end of the year and rise up to $58 by the year 2030.
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Paul Levy, a University of Brighton senior lecturer, is one of the panelists. He believes that the digital token ADA will be worth just $0.5 by the end of the year and $5 by the end of 2025. He added that despite Cardano’s volatility of late, the crypto project is well placed.
Paul Levy noted:
“As a native token of a proof-of-stake blockchain with some firm inventor foundations, there is still a lot of potential in Cardano to challenge and even overtake Ethereum. Proof of stake is likely the future of most if not all crypto in the future.”
Another panel expert Daniel Polotsky, CoinFlip founder and chairman, is of the opinion that Cardano (ADA) will end the year at $0.37. He’s one of the 48% of respondents who believe it’s time to sell the native token of the largest proof-of-stake (PoS) blockchain despite its increase in popularity.
Polotsky believes that the price of Cardano (ADA) and hype are “way too high given its relatively low total value locked compared to its competitors.” For being founded in 2015 and launched in 2017, he said the crypto project lost its early mover advantage to competitors who built at a faster pace.
Finder is a research platform that conducts quarterly surveys with crypto experts to find their thoughts on the industry. 53 experts gave their opinions on the future price of Cardano (ADA), of which 26% believe it’s time to hold, while another 26% believe it’s time to buy ADA.