Cardano is projected to skyrocket to US$58.04 by the start of the next decade, while closing 2022 at more than double its current value at US$2.79, according to Finder’s panel of 17 crypto experts.
See related article: Ethereum price expected to hit $7,609 in 2022: report
Fast facts
- Cardano, which was trading at US$0.96 at press time, more than 68% lower than its all-time high in September 2021, is expected to close 2025 at US$8.18.
- In June last year, Finder’s panel predicted Cardano price would hit US$7.26 by 2025 and US$26.59 by 2030 — 11.25% and 54.19% lower respectively than the updated prediction.
- Experts attribute Cardano’s price dip since September’s Alonzo upgrade to the absence of decentralized finance (DeFi) market share in terms of total value locked (TVL) and general volatility.
- Cardano is still in the early stages of the Alonzo upgrade, which introduced smart contracts functionality to the blockchain, allowing builders to start introducing DeFi applications to Cardano.
- Cardano is the 32nd-largest blockchain in terms of DeFi TVL at US$126.8 million, a far cry from Ethereum’s world-leading US$115 billion.
- Cardano was once the third-largest crypto in the world during its all-time high run, but has since fallen to seventh place with a market cap of US$30.8 billion.