The asset started with a bullish trend at the beginning of the year. Later, the altcoin hit an all-time high of $2.4 as the Cardano Foundation published an infographic that suggests its ADA cryptocurrency is ideal for Tesla. When the market crashed, the price plunged substantially to $1.48 from $2.
Currently, Cardano is being buzzed about because of its efficient Proof of stake mining process that limits the carbon footprint. If the network works more towards sustainability, then it might attract environment conscious investors, hiking the price up to $3.294 by the year end.
However, if the network does not carry out any remarkable development, it might merely carry over its current investors who stick to the currency due to its increased scalability and user-friendliness. In such cases, the price may move at a decent average figure at $2.761.
It is again surprising to know what’s up with Cardano in 2030