Survey: analysts predict ADA token to rise by 570% by 2026
Experts estimate that the asset will reach $0,63 by the end of this year, and $6,53 by 2030
17.07.2022 - 07:00
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What’s new? Cryptocurrency analysts believe that the rate of the native token of the Cardano (ADA) blockchain will rise by 570% to $2,93 by the end of 2025. This data follows a survey of 53 experts by research firm Finder. They predict that the asset will be worth $0,63 by the end of this year and $6,53 by 2030. Thus, Paul Levy, a University of Brighton senior lecturer, believes that despite ADA’s recent volatility, it is “well placed.”
What else did the survey show? 26% of respondents believe that it is now worth keeping the acquired asset. Another 26% said that ADA is worth buying in the current situation. However, despite the positive long-term outlook, 48% of respondents are of the opinion that the token should be dumped at this time.
As of July 16, 12:20 UTC, ADA is trading at $0,435, down by 0,73% overnight, according to Binance.
Daniel Polotsky, the founder of CoinFlip, a bitcoin columnist, believes ADA will drop to $0,37 by the end of the year. According to him, the hype around the asset is “way too high given its relatively low total value locked compared to its competitors.”
37% of respondents expect the upcoming hard fork of the network, Vasil Hard Fork Combinator (HFC), to have a positive impact on the ADA rate. By contrast, 17% believe that the upgrade will lead to a drop in prices.
On July 3, the developers launched HFC on the testnet. The developers will test the upgrade for four weeks from launch, after which they will launch it on the mainnet.
According to the results of a CoinMarketCap survey conducted in May, 40 000 members of the cryptocurrency community expressed the view that ADA would rise to $0,97-1,06 following Vasil’s release.
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