Cardano (CCC:ADA-USDPrice forecasts are flying today as the ADA cryptocurrency soars 6%. Recently, a lot of news has been cheering for Proof of Stakecoin fans.
What’s happening in Cardano today?
on Tuesday, AdaSwap (CCC:ASW-USD), The decentralized finance ecosystem running on the Cardano network has announced an exciting new collaboration. ASW is affiliated with Cardano-based stablecoin Jed, COTI network (CCC:COTI-USD) It works.according to Tweet From COTI, the partnership establishes the first DeFi exchange in Cardano.
With the integration, some investors are expecting an upgraded trading interface. Lennon Qualmann, CEO of AdaSwap, commented on the key milestones:
“As a follower of Cardano, I love to see COTI’s strong involvement in the Cardano space, which shows the potential for innovative participation to create in the Cardano ecosystem.”
That’s not the only bright spot in ADA.
this morning, Flickto (CCC:FLICK-USD), “”Lunch pad for media projects using Cardano ” Announce the date For the initial DEX offering (IDO) of the first round. Starting December 27th and continuing until December 30th, this offering will allow investors to purchase FLICK tokens at a market price of $ 0.009. The Kickstarter platform allows Flickto owners to vote for the media project they want to see. Holders own long-term tokens to invest in powerful projects.
With the surge of good news, ADA investors seem to have a positive spirit as well. Cardano is currently sitting at $ 1.35 per coin, so let’s see what experts think of its benefits.
Cardano Price Forecast
Wallet investor ADA is considered a solid short-term and long-term investment. The site believes Cardano will be $ 3.10 within a year and $ 10.46 in five years. Notable: For the time being, the site is a bit more conservative. ADA expects to reach $ 1.11 in two weeks.
A year after Cardano grew by more than 2,000%, Coin Ora Very bullish on cryptocurrencies. The site believes that ADA could reach $ 12, if not $ 15 per coin, by the end of 2022. For 2023, we are equally confident in the coin and have set a price target of $ 18.
Coinpedia Cardano believes it can resume the bullish continuation that began this year. The site believes that ADA will kick off between $ 1 and $ 1.54 in 2022, but will reach $ 15.17 annually. Alternatively, if a bearish move takes over the coin, the site can see the coin trading near $ 2.29. In 2025, the average price of ADA is $ 10 and the bullcase target is $ 25.37.
As of the date of publication, Shrey Dua did not have (directly or indirectly) the position of the securities listed in this article. The opinions expressed in this article are those of the authors covered by InvestorPlace.com. Public guidelines..