On June 23, at a US Congressional hearing, Cardano Founder Hoskinson spoke cogently, and appeared relaxed, in making a case for more equitable regulatory treatment for the cryptocurrency industry. Representing the industry, Hoskinson puts forward the position of developers, explaining how a public-private partnership would be in the best interest of all concerned.
Cardano is a blockchain that helps run decentralized applications and services used by individuals and institutions worldwide. ADA is the native token that powers the Cardano ecosystem. On 24 June, the price of Cardano (ADA) is $0.4878, and it’s the eighth-largest cryptocurrency in the world. The market capitalization is a little over $16 billion from a circulating supply of 33.93 billion ADA tokens.
Cardano has been involved directly or indirectly in several projects since its launch. In April 2019, The company behind the Cardano Blockchain, IOHK, also launched Atala, which is an enterprise blockchain framework designed for the Ethiopian government and other African countries.
ADA reached an all-time high of $3.10 in September 2021, but the price has since taken a toil amid the general crypto bear market. Notwithstanding, ADA is rated one of the best-performing coins in the crypto world, along with Solana, Algorand, and Tezos.
Cardano-based NFTs are quite popular nowadays because of the surge in Ethereum gas fees. The rising congestion and gas fees make the Cardano ecosystem most suited for NFT tokens. Recently, we have seen a lot of partnerships between Cardano and NFT artists.
There’s new bullish news for Cardano investors though – its developers announced three major upgrades will be rolled out in 2022, one implemented so far. The growing ecosystem and price history of Cardano show it's one of the most active and busy digital assets. With that in mind, it’s safe to assume that ADA is a viable investment opportunity
For the ADA coin price prediction, WalletInvestor predicts a negative trend. They expect the price of ADA to plummet to $0.418 in a year. - Wallet Investor
ADA coin price will average $0.76 in 2022. It forecasts an average price of $0.85 in 2023, $1.12 in 2025, and $1.01 in 2026. - Digital Coin Price
The future of Cardano is gloomy. The platform predicts that ADA might close at $0.41 in 2022 and drop to $0.22 by July 2023. - LongForecast
ADA will reach a minimum of $0.59 in 2022. With an average trading price of $0.61, the ADA price can reach a maximum of $0.70.
ADA is expected to reach about $4.12 in 2027. Cardano’s price may go as high as $4.84, with an average trading value of $4.24.
ADA price is predicted to cross an average price level of $19.67 in 2030, with a minimum price value of $20.22. Furthermore, ADA will have a maximum price of $23.19.
Although Cardano is considered an "Ethereum killer," it's poised to carve out its own place in the global blockchain ecosystem. If you are positive about cryptocurrencies in general, investing in Cardano makes sense.
Cardano has grown at a pace of over 2,000% in the last year in terms of market position. If this trend continues, Cardano has a good probability of reaching the bullish price of $10.
Please take these price predictions as suggestions of some market expert/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.