Analyst Predicts Cardano Could Reach $10 by 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Prediction: Analyst Cheeky Crypto forecasts that Cardano (ADA) could reach $10 by 2026, based on market dynamics and on-chain growth analysis, although this projection lacks validation from the Cardano team or major financial institutions.
- Supply Dynamics: Currently, about 60% of ADA supply (approximately 21.2 billion ADA) is staked, limiting the tradable supply, and this 'pinned supply' could drive prices higher if demand increases, which analysts believe is a crucial factor for price appreciation.
- Ecosystem Development: The successful rollout of Cardano's upcoming projects like Mithril and Hydra is seen as key to enhancing ADA's competitiveness, particularly against other layer-1 platforms such as Ethereum and Solana.
- Community Reactions: The Cardano community shows mixed sentiments regarding price predictions; while long-term holders are optimistic about staking rates and the development roadmap, critics highlight slower growth in dApps and Total Value Locked (TVL) compared to competitors.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
