Cardano to reach $3.15, UK finance expert predicts timeline

Despite its recent struggles, a group of experienced UK market analysts expect Cardano (ADA) to surpass its previous all-time highs within the next six years.

Cardano is one of the top ten cryptocurrencies by market cap and has one of the most dedicated communities. Despite this, Cardano’s price has not always lived up to expectations, with Dogecoin recently surpassing ADA to become the eighth-largest cryptocurrency by market cap.

For many investors, the real concern is whether Cardano can return to its glory days and potentially set new highs. While there is no sure-fire forecasting method to predict such an outcome, a review of forecasts from a panel of experienced investors and traders provides some insight.

Cardano will rebound and reach $3.5 by 2030

According to the Finder team’s predictions, Cardano’s prospects are not unanimous. The price of this cryptocurrency will rise in the future, but not as much as some people expect. For example, some analysts predict that Cardano could reach double-digit prices within a few years.

However, the Finder group predicts a more gradual but sustained pattern of growth. They expect the upcoming Bitcoin halving and the associated bullish market sentiment to push ADA’s price to $1.57 by the end of 2025.

If this prediction comes true, ADA will surpass its current market cap of $0.64 per coin. That would also put the cryptocurrency’s market cap over $50 billion, but below its $94 billion peak during the 2021 bull run.

Basically, Finder’s experts do not believe that Cardano will be able to break its previous market capitalization and price all-time highs in the current cycle. The cryptocurrency hit an all-time high of $3.10 in September 2021.

The pessimistic predictions are mainly based on the panelists’ belief that Cardano has lost the leadership position it had a few years ago. Others argue that the network lacks the same technology as the Ethereum Virtual Machine (EVM), and therefore lacks the functionality needed to foster greater adoption.

For these reasons, the panelists predict that Cardano will only break the $3 price mark again in 2030. By then, the cryptocurrency will trade at $3.15, surpassing its current all-time high record.

Notably, Cardano far exceeded the earlier predictions of the panelists. They had claimed that ADA would be trading at $0.32 by the end of 2023, while ADA closed the year at around $0.59. Therefore, there is a possibility that the cryptocurrency could run ahead of schedule and exceed expectations.

Disclaimer: This content is provided for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to perform adequate research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.