Cryptocurrency analyst predicts that Cardano cryptocurrency will almost halve in value

Cryptocurrency analyst and investor Peter Brandt has shared his predictions for the future of Cardano (ADA) with the cryptocurrency community — the cryptocurrency will fall in price by almost half of its current value, Brandt is convinced.

According to Peter Brandt, the downward trend of Cardano began in mid-May 2022 and will continue in the future, despite the positive developments around the token. The historic Vasil hard fork did not save Cardano from the upcoming decline, the analyst believes.

At the time of writing, ADA is trading at $ 0.43, and Peter Brandt’s forecast is $ 0.25 by the end of this year. The analyst is of the opinion that the bear market will progress and the value of the leading cryptocurrencies will fall. As for bitcoin, Brandt is convinced that the flagship cryptocurrency may fall to $ 13,000 in the near future.

It is worth noting that Peter Brandt is not the only crypto expert who predicted a decline in the price of Cardano. Crypto skeptic Evan Van Ness is convinced that ADA is as close as possible to its historical anti-record. As Van Ness said in early October, Cardano remains popular only because of the presence of a large number of bots that pump the token, which the skeptic called ADAbots.

Despite the successful historical update of Cardano on September 23, Evan Van Ness did not notice a significant increase in user activity or price spikes. According to the analyst, this indicates that members of the cryptocurrency community are not too interested in the token. It is worth noting that the main goal of the Vasil hard fork is to increase the scalability of the decentralized network and the overall usability.