Three Reasons Why Cardano Will Hit $1 This 2022
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Loading... - Tracy Blay
- 09 Aug 2022
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It’s barely been a week since Finder.com published a bearish price prediction for Cardano in 2022 – and already it’s been debunked.
The 54 panellists put Cardano’s end-of-2022-price-prediction at $0.63.
The results were based on three main hypotheses:
- Cardano needs to become the number 1 decentralised blockchain or it won’t be worth anything
- Cardano has no real-world use cases
- Cardano updates are too slow
Twitter has already called ‘FUD’ on each of these complaints – below we will debunk them each in turn.
We’ll also be including case studies from other cryptocurrencies like leading stablecoin reflection token EverGrow which prove why these theories are way off.
Reason 1 – Cardano can hit $1 without becoming the world’s leading blockchain
Ramachandran put the price prediction for ADA as finishing 2022 at just $0.20.
The idea that Cardano is all-or-nothing is fundamentally flawed. During the bull run in early 2021, ADA shot past a price of $1 as the rest of the cryptocurrency market went into overdrive.
By late August, the price of ADA hit $3 – that’s a 200% increase on our current ADA target of just $1. Read More...
