Cardano Price Prediction for 2022

Since the starting of 2022, Cardano has shown an intent to grow this year. However, Cardano is yet to make the gains that it had made in 2021. Since the beginning of 2022, Cardano has lost over 2.5%, however, as compared to Bitcoin, the loss is much less. Bitcoin in the same period is down by over 12%.

In 2021 Cardano gained over 600%. On January 1st, 2021, Cardano was priced at around $0.18 and on December 31st, Cardano was trading over $1.35. In a period of 365 days, Cardano gained over 645%. In the same period, Bitcoin gained just over 57%.

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Cardano Price Prediction for 2022: Should You Invest In Cardano In 2022?

Technical Reason to Invest In Cardano

Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. Since its launch, Cardano underwent a lot of technical advancements. Cardano has launched its own smart contract functionality, which allows for the building of decentralized applications (dApps) on the blockchain. As of now there are more than 900 scripts for dApps that exist on Cardano.

Added to it, in order to boost its Defi and NFT networks, Cardano through its commercial arm Emurgo has invested  $100 million in decentralized finance (DeFi), non-fungible token (NFT) products and blockchain education.

Other Reason to Invest In Cardano

Cardano vs Ethereum

Despite Ethereum being 2nd largest cryptocurrency in terms of market cap, Cardano is highly advanced than ETH as compared to its technical aspects. Ethereum uses a proof of work consensus model to verify transactions which in turn can verify around 15 transactions in a second. Cardano on the other hand can handle thousands of transactions per second.

Cardano is already proof of stake and has a strong development team behind its future upgrades. The project focuses on getting it right the 1st time, whereas Ethereum focuses on trial and error to develop its ecosystem.

Cardano HIstorical Data

Cardano Price Prediction for 2022

According to Cryptopolitan, Cardano is bullish for 2022. The platform predicts ADA Cardano to reach the maximum price of $2.45 in 2022. While the minimum price of Cardano is expected to be $2.02 in 2022.

As per EconomyWatch, before the end of 2022, Cardano may see some consolidation before another upwards push. As per the platform’s Cardano prediction for 2022, the coin may be valued at around $3 if the resistance level around $2.30 can be broken.

According to Changelly, Cardano’s maximum price in 2022 will depend on a wide variety of factors, like the general situation on both the crypto market and in the global economy, or the state of other cryptocurrencies that can be seen as ADA’s main competitors, like QTUM or WAVES. As per them ADA will be around the $2.5 mark for most of 2022.

PricePrediction.net applies deep artificial intelligence-assisted technical analysis to predict the price of Cardno for 2022. As per them, in 2022 the price of Cardano is predicted to reach at a minimum level of $1.91. The ADA price can reach a maximum level of $2.36 with an average trading price of $1.98.

Cardano Price Prediction for 2022: How to Invest In Cardano?

Cardano is gradually becoming one of the most popular cryptocurrencies. There has been a rapid rise in demand for Cardano. Here is the steps to buy Cardano:

1. Finding a crypto exchange that sells ADA Cardano
2. Create an account with the Exchange
3. Verify your identity
4. Fund the Wallet
5. Make the Purchase

Few of the important exchanges offering Cardano are:

• Coinbase
• Binance
• Kraken
• eToro
• SoFi

Wallets for Cardano

1. Ledger
2. Trezor
3. Math Wallet
4. Trust Wallet
5. Safepal
6. Binance Chain Wallet

Read: Ethereum Price Prediction for 2022

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.