Cardano (ADA): Price Prediction, Can It Hit $100?

✍️ 22 October, 2022 - 11:18 👤 Editor: Jakub Motyka

• Cardano (ADA) is the most developed blockchain according to scientific standards. Despite its latest update, the price has been falling for a long time.
• Will the day come when we see Cardano (ADA) at $100? We analyze this price prediction.
• The latest news about cryptos, in our Telegram channel.

Cardano (ADA) is, according to data from CoinMarketCap, the eighth most important cryptocurrency by market capitalization, making the general prediction of it always good. But what about the $100 Cardano (ADA) price prediction? Will it ever have this price?

Cardano is known as the research blockchain, and is focused on offering all the necessary tools for developers looking to innovate. Currently, the price of the cryptocurrency ADA is in the range of 0.34 dollars, marking a minimum point in the last year.

The open source project, Cardano, intends to create an ecosystem that manages to combine the parameters of security, scalability and decentralization. These are, in most cases, antagonistic to each other. For this, Cardano uses a PoS consensus mechanism, which allows the holders of its ADA token to intervene in the processes and the future of the network. Simply put, it is the largest DAO in the world.

Why Has The Price Of Cardano (ADA) Dropped This Year? Does This Affect The $100 Price Prediction?

Unlike other projects in the blockchain environment, Cardano (ADA) does not seek to generate rapid developments or immediate profits. Its main objective is to generate an ecosystem with qualitative and sustainable growth. A clear example of this is the limited number of protocols operating within the network.

Despite this, Cardano has an enthusiastic community that believes the network could become the #1 smart contract platform of the future. The slowness of its development is partly due to the fact that it goes through several stages of testing.

However, this sets it back against other competitors such as Solana (SOL), Avalanche (AVAX), and Ethereum (ETH) itself.

Cardano (ADA) Price Prediction: Will It Hit $100 One Day?

One of Cardano's goals is to dethrone Ethereum as the world's leading smart contract platform. For this, it requires more than effort and innovation. Its main focus has always been to fill the gaps of Ethereum, such as speed, scalability and transaction fees.

With the Vasil update, the speed of Cardano increased remarkably, giving a boost, from a functionality point of view, to the network.

However, it's too early to talk about seeing ADA in the $100s. Although not impossible, that will depend entirely on their ability to meet their goals. Another point to take into account is the number of institutional investors who have shown interest in basing their projects on the network. This could be a powerful foundation for the future.

In the short term, the Cardano (ADA) price prediction faces the loss of support at $0.30. If it is maintained, it is possible that it will enter an uptrend until the resistance of $0.50.

Under this same logic, by 2025 it could have regained the range of $1.50 or more, depending on new network associations. For the price of 100 dollars in Cardano (ADA), therefore, it will still be a long time to wait.

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