Following the recently published bitcoin price prediction report issued by the product comparison web portal finder.com, the site’s researchers polled 53 financial technology (fintech) specialists in order to forecast the future value of cardano (ADA). According to the survey’s participants, cardano is expected to end the year at $0.63 per unit and 51% of the respondents think the Vasil hard fork will bolster the crypto asset’s utility.
Polotsky expects cardano to be worth $0.37 by the end of 2022 and he is one of the 48% of finder.com’s prediction report participants that believes now is the time to sell ADA. “[Cardano’s] price and hype are way too high given its relatively low total value locked compared to its competitors,” Polotsky said in the report. “The project was founded in 2015 and released in 2017, yet it has squandered that early-mover advantage to competitors who have recruited developers and built at a faster pace,” the Coinflip executive added.
Proof of stake is likely the future of most if not all crypto in the future. Cardano, despite current volatility, is well placed.
37% of the survey’s respondents think the Vasil hard fork will be the fuel that will “lead to an increase in ADA’s price.” Although, 17% of the polled participants said the price increase stemming from the upgrade would be “a short-term increase,” while 20% think Vasil would affect ADA’s long-term fiat value. Dr. Dimitrios Salampasis, a director at Swinburne University of Technology remarked that he thinks the Vasil hard fork will improve ADA’s “efficiency and optimization.”
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