Cardano Price Predictions: How Far Can the ADA Crypto Go in 2022?

Among the big news headlines rocking the cryptocurrency world today is a newly announced fund from Grayscale inversions. This fund will feature many prominent smart contract blockchain networks, including the likes of Cardano (USD-ADA), Solarium (SOL-USD), avalanche (USD-AVAX) and Moles (DOT-USD), among others. Consequently, investor interest around Cardano price predictions may be higher than usual.

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Many investors may have seen this smart contract fund coming. After all, much of the growth in the crypto world comes from utility generation projects. Smart contracts are the technical piece that allows to create much of that utility. This is why Cardano has become one of the key projects that many investors are interested in.

Currently, Cardano’s unique smart contract-enabled proof-of-stake network is among the best in the world. The network is relatively fast and cheap, a benefit for smaller transaction-based projects. Consequently, Cardano has become a top investment for many long-term altcoin investors.

And now, it seems that Grayscale agrees. Like Solana, Cardano has a maximum weighting of 24% in the fund. As a major holding company, Grayscale seems to believe that ADA is one of the top altcoin projects out there.

So, with this news in mind, let’s see what Cardano experts think at the moment.

Cardano Price Predictions

By context, ADA currently trading at 97 cents per coin at the time of this writing.

  • To start, WalletInvestor provides one and five year ADA price targets of $1.98 and $6.28, respectively.
  • CoinQuora gives Cardano a price target range between $1.52 and $3.18 for 2022.
  • Finally, cites a range of 2022 Cardano price predictionsfrom $1.04 to $1.70.

As of the date of publication, Chris MacDonald did not hold (either directly or indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to Publishing Guidelines.

Chris MacDonald’s love of investing led him to earn an MBA in Finance and take on a number of managerial roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative long-term investment outlook.