Cardano to $3.15, UK Finance Experts Predict Timeline

Despite its recent struggles, a pool of experienced UK market analysts expects Cardano (ADA) to beat its previous all-time high within the next six years.

Cardano sits among the top 10 largest cryptocurrencies by market capitalization and also boasts one of the most dedicated communities. Nonetheless, the price of Cardano has not always lived up to expectations, with Dogecoin recently usurping ADA to become the eighth-largest cryptocurrency by market value.

For many investors, the genuine worry is whether Cardano can bounce back to its glory days and possibly set a new high. While there is no guaranteed way to predict such an outcome, a review of a prediction by a panel of experienced investors and traders offers some insight.

Cardano to Bounce Back and Hit $3.5 By 2030

According to Finder’s panelists, the outlook for Cardano is mixed. The cryptocurrency’s price will rise in the future, but not as much as some expect. For instance, certain analysts predict that Cardano could hit the double-figure price mark in a few years.

However, Finder’s panelists forecast a more gradual but sustained growth. They expect the upcoming Bitcoin halving and associated bullish market sentiment to lift ADA to as high as $1.57 by the end of 2025.

If this prediction comes true, ADA will more than double its current market value of $0.64 per coin. This will also give the cryptocurrency a more than $50 billion market cap, but less than the $94 billion peak during the 2021 bull run.

Essentially, Finder’s experts do not expect Cardano to break its previous all-time high, both in market cap and price, during the current cycle. The previous all-time high, set in September 2021, stands at $3.10.

The bearish prediction is largely based on the panelists assuming that Cardano has lost its leadership position, which it had years earlier. Others argue that the network does not have the same technology as Ethereum’s virtual machine (EVM) and thus lacks the features necessary to bolster extra adoption.

For these reasons, the panelists predict that Cardano will only cross the $3 mark again in 2030. At that time, the cryptocurrency will surpass its current all-time high record by trading at $3.15.

It is worth noting that Cardano is well ahead of an earlier prediction made by the panelists. While they claimed that ADA would trade at $0.32 by the end of 2023, ADA closed the year at around $0.59. Therefore, there is a possibility that the cryptocurrency continues its run ahead of schedule and exceeds expectations.