According to Finder, in its latest panel poll, Cardano a smart contracts-enabled cryptocurrency will reach a price of $58 by 2030. The poll also predicted that cardano would finish this year with a price of $2.72, jumping more than 160%.
As per chief product officer at Permission, Vanessa Harris, believes that the currency could reach the $3 dollar mark this year. While pointing out that ADA has grown quite slowly to this point, it is for reasons that should pay off down the track, as nation-states look into opportunities related to cryptocurrency.
She explained her opinion, stating:
[Cardano is] one of the few smart contract platforms that have placed security, correctness [and] decentralization at their core, backed by formal methods and peer-reviewed research. Harris said. “While this means Cardano moves more deliberately in the short term, long term this resilience should support adoption by nation-states and non-governmental organizations. We are already seeing this adoption happen in Ethiopia and Tanzania.”
Bilal Hammoud, CEO at NDAX, also thinks the future for Cardano is high, adding, “ADA is one of the most underrated assets – as the smart contract and DeFi stabilise, we should see many projects migrate to it.”
However, not everyone is equally bullish. Balthazar’s 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 thinks that cardano’s price will go lower in the next ten years.
She declared: Unless they achieve great tech advances and a significant user base, it may suffer the same fate as most POS coins.
While Cardano was launched back in 2017, the cryptocurrency just recently started integrating smart contracts into its code. The smart contracts hard fork, called Alonzo, which is one of the reason of price drop, and was applied last year and hoped to bring important defi apps to the ecosystem. However, some think the currency has failed, comparatively, to amass significant TVL behind the defi platforms available.
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