Sometimes at the ending of the just concluded year, the founder and CEO of IOHK, Charles Hoskinson specifically stated that Cardano will be a beast among other cryptographic projects in 2020.
All the upcoming developments could have recently prompted a crypto analyst and professional candlemaker, identified on Twitter as Beastlorion to itemize his bullish price prediction for the digital token, from 2020 to 2022. There he said ADA would surge by 500x to attain $20 by the end of 2022.
Cardano (ADA) Price would Surge by 500x by 2022
Beastlorion is a popular crypto chartist with teeming followers on Twitter. He recently shared his opinion he titled “Cardano ADA Price by year-end Prediction”.
In his forecast, he said the price of the cryptocurrency would be $0.20 by the end of this year, which will be relatively 5x the present price of the digital token.
He furthered that ADA would be $2.00 by the end of 2021, which will be 50x the present price. Conclusively, the analyst said that the price of Cardano (ADA) would surge by 500x to attain $20 by the end of 2020.
He said, “Cardano $ADA Price by year-end Prediction: 2020: $0.20 (5x) 2021: $2.00 (50x) 2022: $20.00 (500x).”
Cardano $ADA Price by year end Prediction:
2020: $0.20 (5x)
2021: $2.00 (50x)
2022: $20.00 (500x)
— Beastlorion (@Beastlyorion) January 25, 2020
However, his prediction was greeted with lots of mixed reactions. The forecast even attracted the sentimental opinions of other cryptocurrency analysts such as Josh Rager.
Cardano (ADA) and Other Digital Currencies in the Market
Cardano (ADA) and other top cryptocurrencies led by Bitcoin (BTC), the largest digital currency in the market, have been firing on all cylinders in terms of price appreciation in the last 24 hours.
Cardano is also on the increase presently to close the gap to challenge Stellar Lumens (XLM) for a place in the 10th position once again. At the time of writing, ADA is trading at $0.044880, with a relatively 4% price increase based on 24 hours estimation.