Ethereum
Here is the Cardano price if Ethereum hits $22,000, as predicted by VanEck
While VanEck expects Ethereum to rise to $22,000 by 2030, we analyzed how much Cardano (ADA) could be worth in the same year.
VanEck issues bold prediction for Ethereum
Leading asset management firm VanEck recently stunned the crypto community after forecast that the price of Ethereum (ETH) could reach $22,000 by 2030, six years from now.
VanEck based his prediction on that of the SEC approval spot ETFs, recent readings of Ethereum on-chain data, and network scaling progress. At the current price of $3,687, ETH needs to rise by 496% to reach the projected price of $22,000.
Following this prediction, market participants expect similar price increases for assets closely correlated with Ethereum. Therefore, The Crypto Basic assessed how much Cardano (ADA), one of Ethereum’s main rivals, would rise if it lags behind 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 execute 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 movements of Bitcoin and Ethereum.
Therefore, we analyzed the value of one unit of ADA over the next six years, when VanEck expects ETH to trade at $22,000.
ChatGPT Prediction
If VanEck expects the price of ETH to climb 496% from its current level of $3,687 to reach $22,000 by 2030, a similar price rise for Cardano would place ADA at $2.62 per unit.
Interestingly, leading AI chatbot ChatGPT also predicts that ADA could reach $2.63 by 2030 if ETH reaches the $22,000 price predicted by VanEck.
Forecast Changelly
However, experts at 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 dollars.
Changelly projects an average price of $6.22 for Cardano in the same period. To reach this average price, ADA must jump 1,313% from its current level. ADA is currently changing 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, popular crypto prediction platform Telegaon waits ADA is expected to achieve the minimum and maximum targets of $7.78 and $9.08, respectively, by 2030. Telegaon’s average price prediction for ADA has been set at $8.16. Notably, ADA needs to climb 1,754% from its current price to reach Telegaon’s average target of $8.16.
Notably, the content of this article is for informational purposes. It is imperative to conduct due diligence before making any investment decision. There is no guarantee that ADA will reach its planned targets by 2030. However, Cardano has already shown its prowess by registering significant rallies, as seen in 2021 when its price reached an all-time high of 3.10 $.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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