VanEck predicts Ethereum to reach $22,000 by 2030, prompting a look into the potential value of Cardano (ADA) in the same year.
VanEck’s Bold Ethereum Prediction
VanEck, a prominent asset management firm, shocked the crypto community with its recent forecast that Ethereum’s price could skyrocket to $22,000 by 2030, a six-year projection from now. This prediction was based on the SEC’s approval of spot-based ETFs, Ethereum’s on-chain data, and the network’s scaling advancements. With Ethereum’s current price at $3,687, ETH would need to surge by 496% to reach the projected $22,000 mark.
Market expectations post this prediction suggest similar price increases for assets closely tied to Ethereum, leading to an analysis by The Crypto Basic on how much Cardano (ADA), a significant competitor to Ethereum, could potentially surge if it follows Ethereum’s trajectory.
Ethereum and Cardano Similarities
Cardano and Ethereum share common ground as decentralized platforms for developers to create and execute smart contracts. Founded in 2017 by Charles Hoskinson, one of Ethereum’s original founders, Cardano is known to have its value somewhat correlated with the movements of Bitcoin and Ethereum.
In light of VanEck’s prediction for Ethereum to hit $22,000 by 2030, a similar surge for Cardano would potentially place ADA at $2.62 per unit, as per predictions by ChatGPT. Additionally, Changelly forecasts ADA to trade between $6.06 and $7.04 by 2030, with an average price projection of $6.22. Telegaon, on the other hand, anticipates ADA to reach minimum and maximum targets of $7.78 and $9.08, respectively, with an average prediction of $8.16.
It is important to note that these projections are for informational purposes only and do not guarantee any specific outcomes. Investors are advised to conduct their own research before making any investment decisions. While Cardano has shown strong performance in the past, reaching an all-time high of $3.10 in 2021, future price movements remain uncertain. This content serves as information and not financial advice, and readers are urged to exercise caution in their investment choices.