Cardano is considered one of the most promising cryptocurrencies in the world of digital assets. The interest of investors towards the coin is very high. However, before investing in Cardano, it is important to analyze the medium and long-term price prediction for the coin. Traders Union analyses have prepared a Cardano Price Prediction. In the article, investors can learn about various scenarios of further development of this cryptocurrency.
What is Cardano (ADA)?
Cardano (ADA) is a blockchain platform for developing and deploying decentralized apps, smart contracts and sidechains. It is a third-generation blockchain that has certain similarities to Ethereum, but at the same time is considerably different from it. The Cardano team uses a science-based development strategy, which makes this project promising.
What is the future of Cardano?
The future of Cardano (ADA) depends on a great number of factors. There are three scenarios of the cryptocurrency price movement.
– First scenario: Cardano price continues to increase reaching a 16% growth by the end of 2022. As of the end of 2022, the coin will be priced at $0.71. In that case, growth of the price to $1.52 by the end of 2028 and to $1.98 by the end of 2032 is quite probable.
– Second scenario: Cardano price is $0.51 or close to it by the end of 2022. In that case, the price could reach $2.45 by the end of 2028. This scenario suggests rather dynamic growth in the period of 2024-2028. By the end of 2032, Cardano price will reach $2.75.
– Third scenario: Cardano price reaches $1.14 by the end of 2022. In that case, the coin price could reach $3.28 already by the end of 2028, and grow to $3.67 by the end of 2032.
With all three scenarios, a dynamic growth of the cryptocurrency price is expected in the period of 2024-2028, with a slowdown in 2029-2032.