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TheCryptoBasic

06/14/2024

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Here’s Cardano Price if Ethereum Surges to $22K, as Predicted by VanEck

With VanEck expecting Ethereum to clinch $22,000 by 2030, we’ve analyzed how much Cardano (ADA) could be worth in the same year. VanEck Issues Bold Prediction for Ethereum Leading asset management firm VanEck...

Here’s Cardano Price if Ethereum Surges to $22K, as Predicted by VanEck

With VanEck expecting Ethereum to clinch $22,000 by 2030, we’ve analyzed how much Cardano (ADA) could be worth in the same year.

VanEck Issues Bold Prediction for Ethereum

Leading asset management firm VanEck stunned the crypto community recently after forecasting that the price of Ethereum (ETH) could spike to $22,000 by 2030, six years from now.

VanEck based its prediction on the SEC’s approval of spot-based ETFs, recent readings of Ethereum’s on-chain data, and the network’s scaling progress. At the current price of $3,687, ETH must surge 496% to reach the projected $22,000 price.

Following the prediction, market participants expect similar price surges for assets in close correlation with Ethereum. Consequently, The Crypto Basic assessed how much Cardano (ADA), one of Ethereum’s major rivals, would surge if it trailed Ethereum.

Similarities Between Ethereum and Cardano

For the uninitiated, Cardano and Ethereum share similar traits. They function as decentralized platforms for developers to create and run smart contracts. Cardano was created in 2017 by Charles Hoskinson, one of the eight founders of the Ethereum network.

It is common knowledge that the values of most crypto assets, like ADA, are somewhat correlated with the price actions of Bitcoin and Ethereum.

Consequently, we analyzed how much a unit of ADA will be worth in the next six years when VanEck expects ETH to trade at $22,000.

ChatGPT Prediction

If VanEck expects the price of ETH to soar 496% from its current level of $3,687 to hit $22,000 by 2030, a similar price surge for Cardano would place ADA at $2.62 per unit.

Interestingly, leading AI chatbot ChatGPT also projects that ADA could surge to $2.63 by 2030 should ETH hit the $22,000 price projected by VanEck.

ChatGtp Cardano to 3
ChatGtp Cardano to $263

Changelly Forecast

However, experts from the crypto trading platform Changelly predict that ADA will trade between $6.06 and $7.04 in 2030, the same year VanEck expects ETH to change hands at $22,000.

Changelly projects an average price of $6.22 for Cardano in the same timeframe. To hit this average price, ADA must surge 1,313% from its current level. ADA currently changes hands at $0.44 at press time, representing a 9.6% decline in the daily charts.

Telegaon Eyes $8.16 Target for Cardano By 2030

Additionally, the popular crypto prediction platform Telegaon expects ADA to reach minimum and maximum targets of $7.78 and $9.08, respectively, by 2030. Telegaon’s average price prediction for ADA was set at $8.16. Notably, ADA must soar 1,754% from its current price to hit Telegaon’s $8.16 average target.

Notably, the content of this article is for informational purposes. It is imperative to conduct due diligence before making any investment decisions. There is no guarantee that ADA will hit the projected targets by 2030. However, Cardano has already shown its prowess in recording significant rallies, as seen in 2021 when its price surged to an all-time high of $3.10.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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