According to the average of panelists' responses, Cardano's token will likely increase by more than 30% from its current price to reach its year-end price target of $0.63. The last time ADA traded above this level on January 10 this year shows how desperate Finder.com's panel is from Cardano. Daniel Polotsky, founder and chairman of Bitcoin (BTC) ATM operator CoinFlip, said:

   “The price and overkill are huge given its relatively lower locked-in value compared to its competitors. The project was founded in 2015 and launched in 2017, but still lost the first mover advantage to projects that attract developers and develop more quickly.”

Kevin He, COO of fintech company Cloudhtech Group, was also skeptical about Cardano's future. He added that Cardano's advantage in fast transactions will disappear with the launch of ETH 2.0:

   “We are not hopeful for the future value of Cardano, with the bear market impact as the development team's productivity challenge has left Cardano behind in smart contract and dapp interoperability.”

That's significantly lower than the forecast in January this year, when the Finder.com panel said the ADA will likely end 2022 at $2.79. Looking ahead, this latest forecast is much more negative. In January, the panel estimated that ADA could be $8.18 by the end of 2025 and $58.04 by the end of 2030. On the other hand, according to the latest estimate, the year-end price for 2025 will be $2.93, and $6.54 for 2030.

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Despite the drop in price estimates, some of Finder.com's panelists were hopeful of the ADA and Cardano network. Among them is Paul Levy, a senior lecturer at the University of Brighton, who says there is a possibility that "Cardano will challenge or even surpass Ethereum."

   “Proof-of-stake is the future of most if not all cryptocurrencies. Cardano is in a good position despite the current volatility.”

While the majority of experts pointed to the Vasil hard fork in Cardano as a factor for future price increases, some said this upgrade will bring more efficiency and optimization to the network. Swinburne University of Technology director Dr. Dimtrios Salampasis commented:

   “The Vasil Hard Fork is expected to increase transaction speed and lower transaction fees (compared to the high transaction fees in Ethereum) and will increase utility value and support more innovative projects using smart contracts.”

The update to the price estimate for ADA is the last price estimate that Finder.com's panel reduced. In early July, the panel lowered its Bitcoin price forecast for the third time, predicting that Bitcoin would drop to $13,676 before closing the year at $25,500. Finder.com's panel is comprised of a variety of industry figures, including analysts, founders, CEOs, and academics in the field.