Cardano (ADA) Cryptocurrency Price Predictions

The Ultimate List for Fall 2022

Overall Breakdown Analysis: 55% Bullish; 45% Bearish

 

The view that ADA is on the verge of becoming another Ethereum with a bit more spice might be far-fetched.

 

Cardano was created by Charles Hoskinson, co-founder of Ethereum, to be the third-generation coin that changes the narrative.

 

With the recent Vasil upgrade of ADA, crypto enthusiasts are taking a special interest in the coin. This has resulted in a lot of statements and analyses which are somewhat Bullish and Bearish.

Is Cardano (ADA) the way to go for crypto enthusiasts?

 

What happens when you invest in Cardano?

 

How bullish is ADA in 2022?

 

What can be expected of Cardano in 2023?

 

Bitni conducted thorough research of cryptocurrency expert opinions, and we have been able to provide views that will aid you to make decisions on Cardano investment.

 

In this research report and findings, we’ll be looking at 30 analytics views by experts on Cardano.

 

Let the ride begin!

 

 

        Analysis by Peter Brandt

Popular analyst and veteran trader, Peter Brandt asserted that ADA could decline to less than $0.25 soon.

 

In his words he said:

“The $ADAUSD chart is a classic descending triangle per Schabacker, Edwards, and Magee and suggests a possible decline to sub .25. Do charts always work? -- not really, but when they do it is a thing of beauty. Note -- I do NOT short #8hitcoins” #Bearish

 

       Analysis by Bran Gibson

Bitcoin [BTC] maximalist Bryan (@btc bryan 21) claimed on Twitter that Hoskinson might change the quantity of ADA tokens due to putative centralization. Cardano has a maximum supply of 45 million ADA coins.

However, the Twitter user asserted that because blockchain's monetary policy is somewhat malleable, nothing would prevent the crypto mogul from changing it.

 

The post which was made on September 8, 2022 reads, “Hoskinson can change that 45 billion tomorrow. Ethereum was "burning" coins earlier this year who decides that?” #Bearish

 

        Analysis by Ben Armstrong

“I officially now believe that Cardano will eventually pass Ethereum in Market cap and its users”.

 

“It won't be soon, but ironically, the slow roadmap for full ETH2.0 rollout will be the Achilles Heel.”

 

Timeline: 6-10” #Bullish

 

      Analysis by Pentoshi @Pentoshi1/ Cofounder of NorthNodeCap

“$ADA now losing the lights-out level and going to the place where coins go when they die. Prob got a -50% in it from that breakdown level”

 

“And I'm by no means picking on it. I posted charts for almost several alts like this including $SOL and $ETH in Dec-Jan” #Bearish

 

      Analysis by Yevhen Karpenko, Community manager for Defi investing Platform

 

The research department of crypto exchange Kraken presented a 42-page extremely outstanding study Report titled A new generation in Smart Contract platform architecture in early February 2022.

It reads;

“Importantly, Cardano is very much a value-driven project, emphasizing community governance, academic peer-review, and the importance of high assurance programming…”

 

“Cardano’s values have noticeably directed the project’s developments and design decisions, and as a result, the blockchain looks like it has been designed with the purpose and standards of providing decentralized, global, financial infrastructure rather than only focusing on providing a Web experience…"

 

“With ambitious goals, Cardano recognizes the necessity for their infrastructure to run correctly the first time it runs. This is in contrast to the ‘launch now, fix as we go’ philosophy employed by many Silicon Valley development teams... Ironically, despite the ‘Ethereum Killer’ label, Cardano is far more reminiscent of Bitcoin, particularly concerning its tokenomics, consensus protocol, and accounting style.”

 

“Cardano’s design is fundamentally unique among most of its peers particularly as its design closely reflects a PoS-based, smart contract-enabled version of Bitcoin, due to the design of its base protocol and accounting model, rather than an iteration on Ethereum... Cardano saw a massive uptick in adoption starting in late 2020 and throughout 2021… Cardano underwent exponential growth in nearly every adoption metric listed, both on-chain and off-chain. There are now nearly 3 million wallets (1348% annual growth) on the network and over I million delegated wallets (870% annual growth).”   #Bullish

 

        Analysis by Charles Hoskinson, Co-founder, and CEO of input Output Global aka (IOG)

On October 11, 2022, Charles discussed his bullish points of view with Maria Bartimo, the anchor of "Mornings with Maria."

“Well, it’s just like many of the things that we do. We are a slow and methodical project…. Everything we do… is all about making things better, faster, and cheaper, and ultimately improving the use and utility of the platform. So, Vasil was about 12 months of work, and we just got it out last month, and it’s really exciting to see that it’s caused a lot of great positive upgrades in our community.”

 

“But more broadly, when we look at the cryptocurrency space, this is the case. Most people are building, and while the macro environment is not so positive, the individual environment of each cryptocurrency, whether it be Ethereum with the Merge or Cardano with Vasil, is looking better and better every day, and we keep getting more capabilities… There’s great growth and everything from GameFi to metaverse to NFTs to Defi. So, I’m very bullish in the long term.” #Bullish

 

      Analysis of Cardano by Cheeky Crypto

“For Cardano here, its daily chart is both alarming and concerning, and being so overbought it's indicating we're going to see a significant drop to the downside"

“Now I do want to highlight there are new lower lows and recently we had a new lower low

Not the June lows nor the July lows but October lows.

There is still plenty of room for the downside to being had here so Cardano is in a pretty good position we see a lot of adoption happening and a lot of NFT projects moving over to Cardano and launching on Cardano and the existing ones are doing incredibly well with floor prices reaching an all-time high

There is a lot of stuff going on in the Cardano ecosystem as most institution players are now looking at Cardano with a lot of whales buying up on the Cardinal side of things so just bear these things in mind there are a lot of things going on with Cardano and very exciting times ahead but in my opinion” #Bullish

 

      Analysis by PLAYN creator Matt Lobel

According to PLAYN inventor Matt Lobel, ADA is expected to rise to $1.50 by the end of the year. He said that the management team's quality-first strategy will facilitate ADA. He stated that it will “continue to develop and not encounter some of the quality challenges that other projects have” #Bullish

 

      Prediction by Martin Froehler, CEO of Morpher

Morpher CEO, Martin Froehler thinks that ADA will be worth $1 by the end of 2022. According to him, the pace of the coin is just right and is not a deterrent to the future. #Bearish

 

      Prediction by Ramani Ramachandran, CEO & Co-founder of Router Protocol

Ramani sees Cardano as an extreme, “there will be no middle” he says. The Router CEO says that it’s either the blockchain emerges as the most decentralized blockchain or becomes absolutely nothing. He predicts a low of 20 cents for ADA towards the end of the year. #Bearish

 

      Prediction by Josh Enomoto, for 2030

Past Senior Business Analyst for Sony Electronics, Josh Enomoto states that it’s not “out of reach” for Cardano to scale the “double-digit threshold” #Bullish

 

      Prediction by Dr. Iwa Salami co-director of the University of East London's Centre of Fintech

“The Cardano ecosystem has made good progress over the past year attesting to the many months of thorough research which has characterized the work of blockchain firm Input Output Hong Kong (IOHK) — which oversees the design, building, and maintenance of the Cardano platform. As the blockchain seems to be set for great achievements in the coming months, this may have a positive but moderate impact on the price of ADA, especially as the general sentiments towards the entire industry at the moment is low and price actions across the board are likely to be impacted.” #Bullish

 

      Prediction by CEO Justin Hartzman of CoinSmart

The Vasil upgrade and its inclusion on Robinhood, according to CoinSmart CEO Justin Hartzman, contributed to the price increases in ADA in September 2022. He stated;

“The Vasil fork has made Cardano smart contracts more scalable and accessible. This should encourage more developers to code on the protocol and boost usability.” #Bullish

 

      Prediction by CEO of Kalkine Group - Kunal Sawhney

, “ADA might face some pressure due to the Merge event of Ethereum…” #Bearish

 

      Analysis by Ruadhan O - Founder of Seasonal Tokens

“Cardano will maintain its value for as long as Ethereum’s gas fees remain high. The Merge won’t affect the Ethereum gas fees, so Cardano will continue to be an attractive alternative.”

He predicts that within a year, ADA's Total Value Locked (TVL) will reach $120 million. #Bullish

 

       Analysis by Tekedia.com

“The introduction of Hydra could make Cardano the fastest and most efficient blockchain in the world in 2022 — it could be massive news for investors.”

 

“The Cardano upgrades could increase investor confidence in ADA. Cardano will need to get back above $1 as soon as possible and rally to test the $2 – $3 level – that’s possible based on the chart even as part of a short squeeze and putting in a lower high before further downside – shorts rarely get a free ride down.” #Bullish

 

      Analysis by Tekedia.com for 2023

“As Cardano speeds up development in 2023, we may see the first examples of side chains in the Basho phase. Starting 2023 at $1.62, bullish sentiment will carry Cardano to $2.14 by the end of the year. Our short-term 2023 Cardano prediction also estimates a max price of $2.63 and a min price of $1.23. ADA will have an average price of $2.82 in 2023.”  #Bullish

 

      Analysis by Fxempire.com for 2023

“In the first quarter of 2023, Cardano is predicted to reach a maximum price of $0.6238 and a minimum price of $0.4094. According to CryptoPredictions, in the second quarter of 2023, we should see a slightly lower maximum price of $0.5868 and a minimum price of $0.3709.”

 

“In July 2023, the predicted average price of Cardano is $0.4134 with a 14% change in price from the maximum and minimum price of the month. In August we are expecting a 13% change in Cardano price. The months of July and August are predicted to be the most stable months for Cardano, as they will have the lowest price change percentage in the year 2023.”

 

“In September 2023, it is predicted that Cardano will have a minimum price of $0.3723 and a maximum price of $0.5476. The last quarter of 2023 looks interesting as December is predicted to have the highest price change percentage of 42% with a maximum price of $0.6391 and minimum price of $0.4346.”  #Bullish

 

      Analysis by Finder

After considering an analysis by Fintech experts, Finder forecasts that ADA will not exceed this all-time high until after 2025. #Bearish

 

      Prediction by Charlie Silver CEO, of Permission.io

The CEO drawls a conclusion that ADA will not exceed 20 cents this year, 2022, based on his belief that there's no use case for Cardano. #Bearish

 

      Analysis by Alex Nurgoski

Alex Nurgoski asserted that ADA is not worth holding, then went ahead to give a price estimate of below $1. #Bearish

 

      Analysis by James Wells

James Wells is an expert crypto analyst and writer at the benzinga.com website. In his write-up on the future of Cardano ADA, he described it as a coin with high potential and foundation. According to James, it was built on the errors of Ethereum (proof of work model, but also include its flaw. In summary, he predicts that while ADA has a good background lineup, it might not be up to the task to take over the Ethereum market. #Bearish

 

       Prediction by ambcrypto.com

"Cardano’s price for January 2024 according to our analysis should range between $2.47 to $2.84 and the average price of ADA should be around $2.65” #Bullish

 


 

      Prediction by Ben Ritchie, of Digital Capital Management

"The risk-off sentiment of the market removes liquidity across all markets. So, if we consider the Cardano Vasil Hard Fork a success and the US inflation rates returned to a manageable level, the TVL can go as high as $12bn. This is possible especially if Defi on Cardano succeeds" #Bullish

 

      Prediction by Bill Noble from Token Metrics

"Cardano at $3 in 2024 does not seem realistic, but when the next cycle is full, $4 is possibly a more likely number.

Later in the cycle, $5.5 in 2026 could be conservative and you don't start getting wild until it goes above $7.5 in 2027." #Bullish

 

      Prediction by Daniel Polotsky

Founder of Coinflip, Daniel Polotsky believes that ADA could move downwards to less than $0.63 in contrast to the prediction of Finder’s panelist. He encourages people to sell their ADA coin now as this might be the best time to make such a move.

 

He stated:

" Cardano's price and hype are way too high given its relatively low total value locked compared to its competitors"

 

"The project was founded in 2015 and released in 2017, yet it has squandered that early-mover advantage to competitors who have recruited developers and built at a faster pace" #Bearish

 

      Analysis by Paul Levy

Paul Levy, a senior lecturer at the University of Brighton had a more optimistic price prediction for ADA's future value.

He believes that Cardano can end the year roughly at 50 cents

"As a native token of a proof-of-stake blockchain with some firm inventor foundations there is still a lot of potential in Cardano to challenge or even overtake Ethereum" he explained.

 

He also believes that proof of stake systems will be the future of cryptocurrencies. #Bullish

      Prediction According to Fintech Experts: Cardano will not reach its all-time high until 2025

According to a Reddit community price forecast, the ADA coin may recover its glory by almost double the current price stooping to as high as $1.80 by the end of 2022. #Bullish

 

      Prediction by A Reddit Community

By the end of 2022, the ADA coin's valuation may almost double from its present level to as far as $1.80, according to a Reddit community price projection. #Bullish

 

      Prediction by Chief Operating Officer, Kevin He

Kevin He, the Chief Operating Officer at Cloudtech Group predicts that the Vasil hard fork would cause a price decline shortly.

 

He also shares a strong belief that if Ethereum "Sharding" occurs, Cardano's competitive advantage from the Vasil Hard Fork will be meaningless.

 

“Cardano’s advantage of fast transactions will no longer exist after the launch of ETH 2.0. And due to the efficiency problem of the development team causing Cardano to significantly lag behind other competitors in smart contracts and dApps compatibility, coupled with the bear market blow we are not optimistic about the value of Cardano in the future.” #Bearish

 

 

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