Cardano (ADA) is currently undergoing some changes that could positively affect its future and market position. As the platform recently entered the Voltaire era—the final phase of its roadmap—Charles Hoskinson, Cardano’s founder, and analysts have shared some predictions for the blockchain’s future. Here are three bold predictions for Cardano that investors and the blockchain community shouldn’t miss.
1. Cardano’s Governance Model Will Attract Institutional Investors
The Voltaire era gives the Cardano community a key role in making decisions about the platform’s future. Through
CIP-1694
, ADA holders now have the power to vote on governance proposals that determine the way of fund allocation and project development. This move aims to replace centralized decision-making with a transparent, democratic process driven by the community.
In addition, Cardano’s treasury system, which pools transaction fees, ensures that development remains sustainable. The treasury currently
holds 1.52 billion worth of ADA
, which will be used to support approved projects. This governance model aims to reduce reliance on venture capital and ensure that the platform aligns with community interests.
2. Cardano Could Surpass Bitcoin and Ethereum by 2044
Charles Hoskinson believes
that Cardano could overtake Bitcoin and Ethereum in market value within two decades. He attributes this potential to Cardano’s governance model, which empowers the community to guide development in a way that centralized blockchains cannot. Bitcoin and Ethereum face challenges with scalability, high fees, and centralized funding models. In contrast, Cardano’s approach focuses on long-term sustainability through decentralized control.
Hoskinson also envisions Cardano playing a role in nation-state infrastructure, suggesting that by 2030, the platform could support government-level applications. This ambition shows Cardano’s potential to serve large-scale societal needs, making it as a blockchain with real-world utility beyond financial transactions.
3. ADA Could Hit $1 by the End of 2024
Moreover, several analysts are optimistic about ADA’s price trajectory, predicting that it could hit $1 by the end of 2024. This outlook is fueled by recent upgrades, such as the Ouroboros Leios protocol, which improves network scalability and transaction speeds. Additionally, technical indicators, including MACD crossovers, signal bullish momentum for ADA in the near term.
Analyst predicting that Cardano could reach $1 based on the technical indicators. Source:
X
Furthermore, the introduction of Midnight, a privacy-focused partner chain, aims to attract more developers and investors by offering secure, private smart contracts.
If Bitcoin’s value rises and triggers a broader bull market, ADA could benefit from the increased market optimism, making the $1 target realistic by the end of 2024.
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