During a conversation with Sujal Jeswani, Cardano founder Charles Hoskinson gave his 2030 predictions for the popular crypto project. According to Hoskinson, ADA adoption could soar to more than 10 million users by the end of this decade. Considering that the number of users has breached the 8-digit level, let’s discuss whether the price of ADA could soar to the $5 level by 2030.
Will Cardano reach $5 by 2030?
The cryptocurrency market is expected to grow at an unprecedented rate in the coming years. Many industry experts predict that Bitcoin (BTC) could reach the $1 million level by 2030. If BTC rises to $1 million, other assets are likely to follow suit. In such a situation, Cardano (ADA) could easily reach the $5 price level.
Hoskinson points out that the project requires more adoption, TVL (Total Value Locked), transactions, and more DApps built on the Cardano network. These factors are key to the long-term growth of a cryptocurrency project. ADA is one of the most actively developed blockchains within the cryptocurrency industry. These aspects of the Cardano ecosystem are expected to increase significantly by the end of this decade.
According to Telegaon’s ADA estimates, Cardano will be well above the $5 mark by 2030. The platform predicts that ADA will trade at a potential maximum price of $15.08 in 2030. It would require an increase of approximately 23,462.5% from the current price level to reach $15.08.
Despite a bullish outlook, Cardano (ADA) has struggled to make significant price movements over the past few years. This asset appears to have fallen victim to the general market weakness that has been looming over the past few years.
Apart from Cardano, Hoskinson also revealed how Solana (SOL) has proven to be one of the most durable crypto projects. He expects SOL to continue doing well in the coming years.