ADA to Hit $0.55 if Broad Crypto Rally Continues

Experts Predict Cardano to Hit Record Highs By 2025, Says Finder Survey

According to a survey of 53 FinTech experts conducted by researchers at finder.com, the median year-end forecast for Cardano was $0.60. The participants were mostly bullish on the cryptocurrency in the years ahead, the median expert forecast showing that it would recover to around $3.0 by 2025, before hitting $7.0 in 2030.

While still bullish, this is far less optimistic an outlook than that given by experts in a similar survey conducted back in January. Back then, when Cardano was trading in a $1.1 to $1.6 range versus current levels under $0.50, experts saw the cryptocurrency ending the year closer to $3.0 and hitting $58 by 2030.

Experts responding to finder.com’s survey were split over how the upcoming Vasil hardfork will impact Cardano. 20% said it would positively impact ADA’s price, 18% said it would have an adverse effect, while 50% said it would increase the functionality of the Cardano blockchain.

Cardano has More Utility, is More Decentralized than Bitcoin Argues Founder Hoskinson

In a recent online Q&A, Cardano founder Charles Hoskinson argued that Cardano has more utility than Bitcoin and is more decentralized. “Nobody controls (Cardano),” Hoskinson said. “It’s completely decentralized, far more than Bitcoin,” he continued.

“It has more use and utility. People buy (ADA) not to speculate, which is the only thing they can do with Bitcoin,” Hoskinson noted. “They buy (ADA) to use it for stuff, medical records and whatever else they’re doing, because it has real-life utility”.

Hoskinson’s remarks come after popular Bitcoin proponent and CEO of major software company Microstrategy (MSTR), which has spent billions purchasing Bitcoin, Michael Saylor criticized Cardano, calling it a security.

“To be a commodity network, there has to be no issuer, no initial coin offering (ICO), no central organization and if you study the history of Cardano, it’s pretty obvious it’s a security,” Saylor said. “It checks all the boxes, so I don’t know how you actually get around intellectually to convincing yourself that it’s anything other than a security”.