Experts believe that Cardano (ADA) will not update the maximum until 2025
The Finder platform conducted a survey among a group of experts regarding the future of Cardano (ADA) and their answers will not inspire short-term investors. They predict that the ADA rate will not update its historical maximum until 2025
Experts have predicted the short-, medium- and long-term prospects of ADA.
Short-term forecasts were far from optimistic: on average, the ADA predicts the end of the year at a rate of less than $1. General Director Permission.io Charles Silver estimates ADA for 2022 at $0.2, noting that Cardano has no use cases.
Alex Nagorsky believes that ADA is not an asset worth holding and predicts a rate of less than $1. Matt Lobel from PLAYN believes that the asset can grow to $1.5, and Martin Frehler from Morpher shares his forecast.
Router Protocol co-founder Ramani Ramachandran said that for ADA to succeed, it will have to create the most decentralized blockchain in the world, there is no other option.
In January, Finder conducted a similar survey and more than 60% of respondents predicted the ADA to end the year above $2. However, the combination of crypto winter and the slow pace of Cardano innovation has dampened investor enthusiasm. Experts believe that the approach of ETH 2.0 may negatively affect Cardano.
The Cardano network is nearing the deadline for the Vasil hard fork, which should increase its performance. As a rule, a hard fork is followed by an increase in the exchange rate, but the opinions of Finder experts still disagree about the effect of updating the network.
20% of experts believe that the update will have a long-term positive impact on the exchange rate, and 18% think that the impact will be negative. 50% of respondents agree that the update will expand the functionality of the network.
"The update will benefit the network in the future, as more developers will be able to use Cardano with ease," said Ben Ritchie, Managing Director of Digital Capital Management
However, the long-term prospects for ADA seem bullish and many respondents hope that by 2030 the asset can grow to $10.
Subscribe to the channel coin-signal.com in Telegram - always the latest news and market overview
https://coin-signal.com/cryptonews/experts-believe-that-cardano-ada-will-not-update-the-maximum-until-2025/
#2025, #ADA, #Believe, #CARDANO, #Cryptonews, #Experts, #Maximum, #Until, #Update
#CryptoNews