Cardano (CCC:ADA-USDPrice forecasts fly today as ADA crypto jumps 6%. A number of news recently has got fans of the proof-of-stake coin cheering.
What’s wrong with Cardano today?
On Tuesday, AdaSwap (CCC:ASW-USD), a decentralized financial ecosystem that operates on the Cardano network, announced an exciting new collaboration. ASW works with stablecoin on a Cardano basis Grandpawho the COTI network (CCC:COTI-USD) is working. According to a tweet from COTI, the partnership will establish the first DeFi exchange on Cardano.
With the integration, some investors expect an improved trading interface. Lennon Qualmann, CEO of AdaSwap, commented on the important milestone:
“As a Cardano believer, I am pleased to see the strong commitment of COTI in the Cardano area; it shows the potential that is created for the Cardano ecosystem through innovative participation.”
This is not the only bright spot for ADA either.
This morning, Flickto (CCC:FLICK-USD), a “Cardano-powered media project launchpad,” announced a date for its first-round DEX (IDO) offering. The offering is set to begin on December 27th and last through December 30th, allowing investors to purchase FLICK tokens at a pre-listing price of $ 0.009. On the Kickstarter platform, Flickto owners can vote on which media projects they want to bring to life. Holders will own tokens over time to invest in strong projects.
It appears that the flood of good news has ADA investors in an equally pleasant mood. With Cardano currently trading at $ 1.35 per coin, let’s see what the experts think of its benefits.
Cardano price predictions
Wallet Investor sees ADA as a solid short and long term investment. The website expects Cardano to climb to $ 3.10 within one year and to $ 10.46 after five years. Noteworthy: In the short term, the site is a bit more conservative. It stipulates that ADA will rise to $ 1.11 after two weeks.
After a year that saw Cardano grow more than 2,000%, Coin Quora is extremely bullish about crypto. The site expects ADA to hit $ 12, if not $ 15 per coin by the end of 2022. It is similarly confident about the coin for 2023, setting a price target of $ 18.
Coinpedia believes Cardano could continue its uptrend that began this year. The website estimates ADA will start between $ 1 and $ 1.54 in 2022, but will hit up to $ 15.17 over the course of the year. Alternatively, should a bearish run take over the coin, the website could trade the coin closer to $ 2.29. For 2025, ADA sees an average price of $ 10 with a bull target of $ 25.37.
At the time of this writing, Shrey Dua held positions (neither directly nor indirectly) 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.