CoinSpot
Our panel reveals why they think ADA will finish 2024 around $0.69 before climbing back up to $1.31 by 2025 and $3.85 by the end of the decade. All prices mentioned in this report are in US dollars.
Finder surveys industry specialists, asking their thoughts on how cardano (ADA) will perform over the coming years. Most recently, we surveyed our panel in October 2024, when ADA was trading for roughly $0.35.
Ben Ritchie, managing director at Alpha Node Global, says you can expect ADA to hit $0.80 by the end of 2024, but ultimately, ADA needs wider adoption for future gains.
ADA's price can still benefit from capital overflow to bitcoin due to its long history of price movements. However, its growth may be limited as its user base is less attractive compared to other Layer-1 competitors. To achieve strong price performance, cardano needs more users, dApps and innovation.
Ajay Shrestha, a professor at Vancouver Island University, is by far one of the most bullish panellists, predicting ADA to hit $1.20 in 2024 in part due to the upcoming Leios Upgrade.
ADA has a lot of potential because of its focus on building a secure and scalable network with a thoughtful, research-based approach. The upcoming Leios Upgrade could make it faster and more efficient, which is great for attracting more users and developers. However, its price will still depend on overall market trends and how it stacks against competitors like ether and solana. It's a promising project, but predicting prices in crypto is always tricky due to the market's unpredictability.
John Hawkins, a senior lecturer at the University of Canberra, sees ADA's price continuing its downward trajectory and ending 2024 worth just $0.20.
Cardano's price has been sliding for most of the year, and it has dropped out of the top ten [cryptocurrencies] on CoinMarketCap, so it will probably get less media attention.
Half of the panel (50%) say that now is the time to sell your holdings of ADA, with a touch over a quarter (27%) saying it's time to buy and just under a quarter (23%) saying to hold.
Pav Hundal, lead market analyst at Swyftx, is in the sell camp, adding that "ADA has yet to deliver anything meaningful for all its investors over all these years."
Desmond Marshall, managing director at Rouge International & Rouge Ventures, is also in the sell camp, saying that the demand for CBDCs (central bank digital currencies) is drying up.
Many governments are starting not to further develop CBDC. Those who still are [in discussion mode] are mostly seriously hit with inflation, and their own currency is pretty much dead. Developing a new CBDC like a new currency is less easy than simply adopting another stable currency (e.g., USD). Some developing countries have done that to stabilise the volatility. China and Russia, with other countries, are prepping for their OWN currency to dethrone USD. Countries with issues may then have an extra choice to quickly adopt instead of developing a new one.
The CFO of BostonTrading.co, Jeremy Britton, is all in on the potential of ADA and sees it as a strong buy, saying, "ADA is the thinking person's crypto. Those who understand math own ADA. Those who do not own memecoins."
Gracy Chen, the CEO of Bitget, also sees ADA as a buy, saying there is optimism for significant growth:
There's a range of predictions for ADA's price, influenced by various factors, including technological developments, market sentiment and broader crypto market trends. Predictions for 2024 suggest ADA might fluctuate between a low of around $0.32 to a potential high of $0.42 by the end of the year, influenced by network upgrades like the Chang hard fork and increased whale activity. Looking further ahead, there's optimism for significant growth, with some analyses suggesting ADA could reach $10.32 by 2030, though this represents a very optimistic scenario.
The majority of the panel (75%) are unsure if the upcoming Leios Upgrade to ADA will lead to cardano surpassing solana in terms of speed. Just 15% think it may get there with help from future upgrades, and 10% say it will never happen.
Cardano's Founder was set to meet with Argentina's President Javier Milei in October and discuss the possibility of creating a CBDC, but the majority of the panel (73%) don't think a CBDC will solve Argentina's issues with high inflation.
About a quarter (23%) are unsure, and 5% don't think it will help Argentina but believe a CBDC could help high inflation in other countries.
Ajay Shrestha
Ajay Shrestha
Alexander Kuptsikevich
Alexander Kuptsikevich
Ben Ritchie
Ben Ritchie
Gracy Chen
Gracy Chen
Jeremy Britton
Jeremy Britton
John Hawkins
John Hawkins
Desmond Marshall
Desmond Marshall
Diego Apaza
Diego Apaza
Kimberly Rosales Orbegoso
Kimberly Rosales Orbegoso
Ryan Gorman
Ryan Gorman
Miles Paschini
Miles Paschini
Daniel Keller
Daniel Keller
Dre Villeroy
Dre Villeroy
Karlo Bujas
Karlo Bujas
Pav Hundal
Pav Hundal
Sitaram Kakarlamudi
Sitaram Kakarlamudi
Ben Waterman
Ben Waterman
Henry Robinson
Henry Robinson
Johnny Gabriele
Johnny Gabriele
Josh Fraser
Josh Fraser
Lee Smales
Lee Smales
Pedro Febrero
Pedro Febrero
Ronen Cojocaru
Ronen Cojocaru
Simon Peters
Simon Peters
Joseph Raczynski
Joseph Raczynski
Damian Chmiel
Damian Chmiel
Ruslan Lienkha
Ruslan Lienkha
Jeremy Eng-Tuck Cheah
Jeremy Eng-Tuck Cheah
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