Because of multiple global events like the Covid-19, the economies of many countries have suffered. People have looked for hedges against inflation. What’s more, many people desperately need additional income sources. Cryptocurrencies have emerged as excellent solutions to both problems. Some cryptocurrencies are continuously increasing their value, thereby protecting investments against inflation. Since the growth rate of the said cryptocurrencies is usually higher than inflation, they generate additional income.
But with thousands of cryptocurrencies in the market, it isn’t easy to decide which digital asset to invest in. The historical price performance of a digital coin is an indicator of its worthiness as an investment. However, one should not rely solely on that information to make an investment decision. It is also necessary to consult price predictions by cryptocurrency analysts to get a better picture. We present two forecasts for a couple of promising cryptocurrencies: Cardano (ADA) and Crypto.com Coin (CRO).
First, we begin with a short-term forecast for Cardano, followed by an ADA price prediction 2025. Then, we do the same for Cronos. We include a brief description of each digital coin so you can have more information to decide. Let’s begin!
Cardano (ADA) Forecast for 2022-2025
Selecting a blockchain project that develops cutting-edge technology is better when investing in cryptocurrencies. Therefore, you cannot go wrong with Cardano, a third-generation blockchain that has become a solid competitor to the Ethereum platform. The cryptocurrency of the Cardano network is ADA, which has a total supply of 45 billion. By mid-March 2022, there are nearly 33.7 billion ADA tokens in circulation, each selling at approximately $0.80. This cryptocurrency reached its highest value on September 2, 2021, when it traded at $3.10.
In 2022, Cardano will likely increase its value. Some experts believe the ADA price could even cross the $4 line. Others are less optimistic. For example, for the end of this year, the prediction by Trading Beast is $$1.62993. Wallet Investor predicts $3.240 for the same period. In the following years, Cardano will continue appreciating. The ADA coin will likely sell at $2.3-$3 in 2023, climbing to nearly $10 in 2024. Experts with Wallet Investor believe ADA will sell at an average of $12.169 throughout 2025.
Crypto.com Coin (CRO) Forecast for 2022-2025
As with the previous cryptocurrency, we will discuss the short-term projection for this coin first. Then, we will present a CRO price prediction 2025. This cryptocurrency is the native token of a blockchain created by the Crypto.com platform. The platform rebranded Crypto.com Coin to Cronos, used for payments on its mobile app. This token reached its highest value on November 4, 2021, selling at $0.9698. As of mid-March 2022, CRO trades at approximately $0.40.
Experts believe CRO will slightly lose value throughout 2022. It can end this year at $0.30. In 2023, it will likely return to the current price level and end the year at $0.38. In the following year, CRO will bounce and climb to nearly $0.50. In 2025, this toke will likely sell at $0.65. Beyond this point, predicting this token’s performance is difficult. The price of a cryptocurrency can be affected by unforeseen factors that experts cannot always account for.
So, we have presented the performance predictions for two promising cryptocurrencies. The decision to invest is ultimately yours. Remember that cryptocurrencies are highly volatile, and even well-thought price forecasts could be wrong.
