Cardano (ADA) is expected to surpass its previous all-time high in the next six years, according to a group of experienced UK market analysts, despite recent struggles. As one of the top 10 largest cryptocurrencies by market capitalization and with a dedicated community, Cardano has not always met expectations, with Dogecoin recently surpassing ADA in market value.
The concern for many investors is whether Cardano can regain its former glory and reach new highs. While predicting such outcomes is not foolproof, a review of predictions by a panel of seasoned investors and traders offers some insights.
According to Finder’s panelists, the outlook for Cardano is mixed. The cryptocurrency’s price is expected to rise in the future, but not as significantly as some anticipate. Certain analysts predict that Cardano could reach double-digit prices in a few years. However, Finder’s panelists anticipate a more gradual and sustained growth. They expect ADA to reach as high as $1.57 by the end of 2025, driven by the upcoming Bitcoin halving and bullish market sentiment.
If this prediction comes true, ADA will more than double its current market value of $0.64 per coin and have a market cap of over $50 billion. However, this would still be lower than the peak of $94 billion reached during the 2021 bull run.
Finder’s experts do not expect Cardano to surpass its previous all-time high, set at $3.10 in September 2021, during the current market cycle. This bearish prediction is largely based on the assumption that Cardano has lost its previous leadership position and lacks the necessary features to drive widespread adoption, unlike Ethereum’s virtual machine (EVM).
Therefore, the panelists predict that Cardano will only surpass the $3 mark again in 2030, reaching a high of $3.15. It should be noted that Cardano has already exceeded an earlier prediction made by the panelists, as it closed 2023 at around $0.59, surpassing the projected $0.32 mark.
It is important to remember that this information is for informational purposes only and should not be considered financial advice. The views expressed in this article are personal opinions and do not reflect The Crypto Basic’s opinion. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not liable for any financial losses incurred.
