According to Finder’s panel of 17 crypto specialists, Cardano is expected to surge to US$58.04 by the start of the next decade, while closing 2022 at more than quadruple its present value of US$2.79.
Cardano was trading at US$0.96 at press time, down more than 68 percent from its all-time high in September 2021, and is anticipated to conclude 2025 at US$8.18.
Cardano’s price was anticipated by Finder’s panel to touch US$7.26 by 2025 and US$26.59 by 2030 in June of last year, which is 11.25 percent and 54.19 percent lower than the latest projection.
The lack of decentralized finance (DeFi) market dominance in terms of total value locked (TVL) and overall volatility, according to experts, are to blame for Cardano’s price drop since September’s Alonzo upgrade.
Cardano is still in the early stages of the Alonzo upgrade, which added smart contract capability to the blockchain and allowed developers to begin developing DeFi applications on the platform.
So, Cardano is the 32nd-largest blockchain in terms of DeFi TVL, with a market capitalization of US$126.8 million, a long cry from Ethereum’s market capitalization of US$115 billion.
Cardano was previously the world’s third-largest cryptocurrency during its all-time peak, but it has since dropped to seventh position with a market cap of $30.8 billion.
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