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, Capital.com 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 InvestorPlace.com Publishing Guidelines.
