Nowadays, crypto investors are increasingly looking to altcoins for growth. And why not? Cryptocurrencies like Cardano (CCC:ADA-USD) have done very well and doubled in the last month. Accordingly, investors may wonder what Cardano’s expert price predictions suggest for uptrends on the horizon.
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Part of this may be because many experts are now calling for a new altcoin season. As more and more investors move away from the juggernauts like Bitcoin (CCC:BTC-USD) and ether (CCC:ETH-USD) towards altcoins with unique and specific use cases, these altcoins could have much more potential. For long-term crypto investors, this is a very tempting idea.
There’s a lot going on right now, especially at Cardano. In the five-stage implementation of the Alonzo hard fork by the company, smart contracts are to be introduced shortly. Like other hard fork updates, Cardano is going to get a lot more useful very quickly. Cardano is currently completing the second stage of its hard fork update. Indeed, investors who are optimistic about Cardano are looking forward to what the future might bring with this cryptocurrency. Many investors see smart contracts as the wave of the future.
Hence, it is no surprise to see some very bullish price forecasts for ADA. Let’s look at what that is right now.
Cardano price predictions
At the time of writing, ADA is currently trading at $ 2.79 per token.
- Wallet Investor has one- and five-year price targets for ADA of USD 4.89 and USD 13.16, respectively.
- Benzinga is calling for a $ 10 bull fall in the short term should market conditions remain positive.
- Additionally, FX Street suggests that ADA could make $ 3 before implementing the Alonzo hard fork.
- Coin Quora lists a potential target of $ 10 but cites a more conservative price prediction range of $ 5 to $ 7 in the near future. The site’s bearish price prediction is $ 1.87 for ADA.
At the time of this writing, Chris MacDonald held (neither directly nor indirectly) positions in the securities discussed in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s posting guidelines.