Analysts: Cardano will reach $ 58 by 2030

The results of a new survey of digital currency market analysts show that some of them expect the price of Cardano to reach $ 58 by the end of 2030. Others, meanwhile, have been worried about infrastructure and technical glitches in the Cardano network for years to come.

To Report CryptoSlate, a recent survey on the Finder website, illustrates the potential for growth in the price of Cardano’s native blockchain. The poll shows that many analysts believe that Cardano’s price will exceed $ 50 by the end of this decade.

Holders of Cardano tokens can expect a 160 percent increase in the price of their assets before the end of this year, analysts say. This means that Cardano’s price could rise to around $ 2.72 by the end of 2022.

Cardano, a network dating back to 2017 and once expected to rival Atrium, has so far grown very slowly.

The blockchain, developed by Atrium co-founder Charles Hoskinson, last year launched support for smart contracts using the Alonzo hardfork, and unlike other smart contract networks, its price It has not exceeded $ 3 yet.

One analyst who believes Cardano can reverse this trend and end this year with a much higher price than his $ 3 record is Vanessa Harris, senior product manager at Permission Advertising. Harris says the Cardano Network’s focus on “security, algorithm accuracy and decentralization” could make it an attractive option for grassroots governments and even NGOs.

This process can already be seen in the Cardano network, and the Chinese bloc has done several different partnerships with NGOs and African countries. The CEO of Cardano Group said he would build a “financial operating system” in the second quarter of this year that would allow African users to access DeFi more easily.

While Harris has a bullish view of the digital currency, people like John Stefanidis, CEO of Balthazar, and an investor named Veronica Mihai are not optimistic about Cardano’s future, and their sentiments are down. In relation to it.

Stefanidis said Cardano’s price may be lower this year due to a malfunction in the network and its technology. Mihai, however, has said that Cardano will continue its current trend for the next decade, unless the China Bloc sees further development of its technologies and increased acceptance among users.

In recent weeks, Cardano has seen a steady increase in the volume of intra-chain transactions and activities, driven by the growth of decentralized finance in its network.

For the first time in history, the volume of transactions of this network exceeded Atrium in January. Add to that the fact that Cardano’s modified transaction volume in February exceeded the total volume of bitcoin and Atrium adjusted transactions. The interesting thing about this is that Cardano’s fees are lower than Atrium and Bitcoin.

In addition, the Cardano blockchain has worked to strengthen its network during this time, and the amount of rewards that white hat hackers receive if they successfully identify vulnerabilities in the network has recently doubled.