One of the top proof-of-stake networks out there, Cardano (ADA-USD) has generated a tremendous amount of interest from investors for quite some time. Today, that interest has morphed into consideration of Cardano price predictions. ADA has surged more than 8% higher over the past 24 hours at the time of this writing.
This move comes as the crypto market gets a boost from some specific headline news. Ukraine has reportedly tapped Twitter (NYSE:TWTR) users for funds via crypto. For those concerned about sanctions and their impact on the global financial system, Cardano and its crypto peers appear to be a good place to hide.
For ADA specifically, the blockchain network is one that many believe could be a long-term winner. That’s because Cardano’s proof-of-stake validation mechanism is among the most environmentally friendly. It’s fast relative to its large-cap peers and cheaper. Developer interest continues to surge and investors thinking long-term like how ADA is positioned.
So, accordingly, let’s take a look at what the experts think of Cardano right now.
Cardano Price Predictions
For reference, ADA currently trades at just under 93 cents per coin.
- Coinpedia predicts Cardano could trade in the $1.50 to $2 range this year. Additionally, the site provides a five-year and 10-year price target of $10.73 and $22.56, respectively.
- WalletInvestor provides a one-year and five-year price forecast of $2.09 and $6.89 respectively for ADA.
- Finally, CoinQuora suggests ADA could trade in the $1.52 to $3.18 range over the near term.
On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
