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The cryptocurrency has been tipped to reach USD 0.63 by the end of the year according to a panel of crypto industry players.

Judging from an average of the panelists’ responses, Cardano’s native token is likely to rise by just over 30% from its current price to reach a year-end price target of USD 0.63.

ADA last traded above that price level as recently as June 10 this year, which illustrates just how bearish Finder’s panel has become on Cardano.

Daniel Polotsky, founder and chairman of bitcoin (BTC) ATM operator CoinFlip, stated that
“its price and hype are way too high given its relatively low total value locked compared to its competitors,” he said. “The project was founded in 2015 and released in 2017, yet it has squandered that early-mover advantage to competitors who have recruited developers and built at a faster pace.”

Others, including fintech firm Cloudtech Group’s chief operating officer Kevin He, were also skeptical about Cardano’s future.
He argued that Cardano’s advantage of fast transactions will disappear with the launch of ETH 2.0, adding:
“And due to the efficiency problem of the development team causing Cardano to significantly lag behind other competitors in smart contracts and dapp compatibility, coupled with the bear market blow we are not optimistic about the value of Cardano in the future.”

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