Cardano is the coin that won a poll on my Telegram channel and Instagram in order to make this forecast the first for 2022. The year 2021 for the coin was significant in that ADA increased in value by almost 10 times. In January 2021, the price traded at 0.154, reaching ATH in September at $ 3.15 (2000%). And ending the year at $ 1.44 (almost 1000% YTD).
Cardano is certainly a promising coin in the long term, but I have the feeling that many are interested in it precisely because the price is one and a half dollars and not a hundred, etc. I think, people have the illusion that Cardano has growth prospects up to $100, then up to $1000, and so on. Therefore, I want to immediately make one clear: at the moment, the market capitalization of ADA is $48,039,413,872. 48 billion is 10 times less than the capitalization of ether (Ethereum is $480 billion) and almost 20 times less than bitcoin (capitalization of bitcoin is $942 billion). At the same time, the circulating supply of ADA on the market is 33 billion, while Ethereum has 118 millions and Bitcoin has 19 millions.
I understand that many of these factors are known and will not be a discovery, but I considered it necessary to explain these things so that it would be clear to many that the coin expects moderate growth, there is no reason to rely on the fact that ADA will overtake Ethereum in terms of capitalization, but even if this happens, the price will be at about the level of $15, and not at the level of $100 or even more than $1000 as many think.
By 2022, I expect the price to rise to the level of 4.126 and decline not below the level of 1.165.
Upon reaching the new ATH in the summer or autumn of 2022, we will also face a correction, as after any large growth, and we will end the year at about 2.47.
This is a moderate and realistic forecast given the already large capitalization of the coin.Join my Telegram channel to get market updates quickly and follow my Twitter to get intraday thoughts about the markets. Also, in my Instagram I post short reviews about promising coins.
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