Will Cardano (ADA) be able to fully replace Ether at the top rating of cryptocurrencies? We will talk about this today. We will also look at the Cardano price prdiction (ADA) for the coming years. Cardano is one of the best blockchain platforms. Cardano coin (ADA) is one of the leaders of the cryptocurrency market. The project was created by ex-Ethereum developers. Throughout the entire time since its launch, Cardano has been developing with the help of a dedicated team applying a research approach to the design of the platform.
The very fact that Cardano was created by professionals who preferred the new platform to the successful Ethereum means that this platform was conceived as a revolutionary service. At the same time, the fact that Cardano is now one of the most notable projects on the cryptocurrency market means that the ambitions have been justified and investors are dying to know what awaits ADA in the future.
ADA price prediction 2022: mass adoption of PoS blockchains
The good news is that prediction of future prices for certain currencies is possible to some extent. In order to properly plan an investment, it is important to analyse past price indicators and consider all known upcoming events that can seriously affect the value of Cardano.
Growth prospects and prediction of Cardano (ADA) price
At the end of 2018, SIMETRI wrote about Cardano:
“Cardano’s scientific approach to project development sometimes stands in the way of marketing and implementation. Slow and careful promotion is both its strong and weak side, as its competitors are actively moving towards the DeFi future.”
This idea still does not lose its relevance. However, in 2019, Cardano (ADA) was recognized as the most actively developing crypto project.
The Cardano roadmap is not even half completed, and the ADA currency reliably occupies a high position in the TOP 10 cryptocurrencies by market capitalization, after only BTC, ETH and USDT (stablecoin), which demonstrates the support of the community and its trust in the bright future of the project.
Assessing the prediction of the Cardano (ADA) project, it is necessary to take into account, among other things, the potential of the target audience, the activity of competitors in the general market, the degree of receptivity of society.
According to these parameters, Cardano has a good chance. The main competitor is strong, but the markets are different; society is positively disposed to PoS-blockchain coins for their environmental friendliness; and the target audience (governments of developing countries) is quite promising, since the traditional focus of crypto projects is developed communities that are financially and intellectually ready to accept the new financial reality.
Among the factors that cause reasonable concerns are the prospect of successful completion of developments and timely launch of all stages of the project, as well as the readiness of developing countries to meet the economic and technical requirements for the introduction of such innovations.
In general, analysts note the good potential of the coin and predict a good future for it if the project demonstrates stable adherence to the course of the roadmap. And traders agree on the prediction of growth in the long term.
Cardano Price Prediction: ADA to reach $4
In any case, when making a decision to purchase cryptocurrency, remember that such assets are very volatile and no one can guarantee the growth of their value or at least stability. And all ADA predictions are nothing more than the personal opinion of individual people, based on their conclusions.
If the Basho and Voltaire segments of the roadmap are completed on time (and we have every reason to believe in the success of the Cardano team), then its ecosystem will be quite noticeable by that time. Without a doubt, Cardano will retain its place among the industry leaders. The industry itself will go far beyond what we could expect at the beginning of 2020, because the COVID-19 crisis and the involvement of large corporations and capital in the cryptocurrency sphere have fuelled the expansion of the use and development of cryptocurrencies. This means that Cardano will have a double victory in 2023, both as one of the leading products on the market and as part of a growing market. Without a doubt, ADA will retain its place among the leaders in 2023. By the end of the year, the price may reach $4 or even $5.7, however, the latter assumption is less likely.