Key Points
- Cardano is one of the fastest-growing cryptocurrencies in the crypto industry today.
- Ethereum is emerging as the future-ready blockchain, making now a good time to buy ETH.
- Uniswap has emerged as one of the leading decentralized crypto exchanges, shaping the future of DeFi space.
Cryptocurrencies have become a hot topic of discussion today, not only among investors but in popular culture too. With increasing interest from people across the globe, several digital currencies have skyrocketed in price and value this year. Needless to say, the first half of 2021 has been a breakthrough for numerous cryptos, with tremendous attention from investors and institutions. So, if you are looking for investment for the long run, here are three cryptos that could double by 2025, with their continuous rally and developments.
Let us see why these three cryptocurrencies would continue to skyrocket in the coming years.
Cardano (ADA)
Thanks to Cardano’s transition to the new Alonzo era, the price of ADA will skyrocket higher in the coming years.
Cardano is one of the hot topics of discussion in the crypto space today, with the ADA token emerging as one of the best-performing crypto assets. Thanks to its continuous rally, the impending listings on additional exchanges, and major feature rollouts, ADA is one of the best cryptocurrencies to buy now.
The decentralized platform is led by the Ethereum co-founder Charles Hoskinson. The purported goal of the blockchain is to become a more environmentally friendly and scalable blockchain network. In addition, Cardano aims to redistribute power from the unaccountable structures to the margins.
Cardano’s Multi-layered Architecture
A significant feature that makes Cardano unique is its multi-layered architecture. To maintain high scalability, Cardano employs a dual-layer design. It employs design principles in order to overcome issues like scalability, interoperability, and regulatory compliance.
Unlike Ethereum, a single-layer ecosystem where all calculations, smart contracts, and settlements occur simultaneously, computations and payments are carried out independently in the Cardano network.
The Cardano blockchain platform is segregated into two parts. One is the Cardano Settlement Layer (CSL) and the Cardano Computational Layer (CCL). The CSL, which is also known as the Byron age, permits users to send the ADA token to other blockchain participants. At the same time, the CCL is a separate layer that supports smart contracts, tokenization, and decentralized apps.
Why Is Cardano Price Rising?
From major partnerships and upgrades of its blockchain technology to several real-world applications and new feature layouts, there are numerous reasons why ADA is one of the top cryptos that could double by 2025.
One significant reason why the price of ADA skyrocketed in 2021 is the launch of the much-anticipated Alonzo upgrade earlier in September. With the successful transition from the Mary era, Cardano now offers advanced smart contract capabilities for developers. Over 100 smart contracts were added to the blockchain in the 24 hours following the launch of Alonzo. The asset has now started gaining massive attention from investors worldwide, kickstarting the beginning of a significant wave of adoption, which will eventually drive the price of ADA to new highs.
Moreover, the price of ADA will keep rising in the coming years, thanks to the number of strategic partnerships Cardano foundation has embarked upon since the Alonzo update. The array of coalitions will further drive the adoption of the blockchain, making Cardano one of the top DeFi coins to buy now.
Expert Comment:
Economy Forecast Agency:
“The Cardano Crypto price is expected to reach $7.70 in 2022, $8.93 in 2023, and $15 by the end of 2025.
Check Out: Investing In Cardano Right Now Could Make You A Millionaire Retiree
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Thanks to the surging popularity of NFTs and DeFi, the price of Ethereum could double in the coming years.
Ethereum is rapidly evolving into a cyber organism today, as a network where both digital infrastructures and marketplaces are developing. Ethereum is the world’s second-largest cryptocurrency by market cap. Moreover, it is the first cryptocurrency with a programmable blockchain, which gives Ethereum a significant first-mover advantage. Although other cryptocurrencies offer their own programmable blockchains, around 80% of dApps (decentralized applications) are still built on Ethereum.
The Launch Of Ethereum 2.0
A key reason why the price of ETH would double in the coming years is the upcoming launch of its much-awaited update, the Ethereum 2.0. The transition from the Proof-of-Work (PoW) to a Proof-of-Stake (PoS) network would make the network more scalable with much faster transaction processing. Moreover, it would reduce energy consumption by over 99% from the current levels, taking a step towards being a sustainable form of cryptocurrency.
With the launch of ETH 2.0, the network would bring in more users, which will eventually skyrocket the price of ETH in the coming years.
The NFTs Revolution
Yet another reason to buy ETH now is the rising popularity of the NFTs. Non-fungible tokens are certificates of ownership for several digital assets traded over the blockchain, like artwork, music, and videos. These are a part of the Ethereum blockchain and are individual tokens with extra information. The Ethereum network generates several IDs for NFTs that guarantee complete uniqueness.
Thanks to the network’s critical role in creating NFTs and dApps, Ethereum could be one of the top cryptocurrencies to buy now for future returns.
Ethereum’s Practical Use-Cases
The DeFi, dApps, and NFTs on the blockchain offer Ethereum several practical use-cases. The running of dApps provides a safer and more anonymous way of conducting various services. Today dApps have become increasingly popular in decentralized finance (DeFi) projects, thereby removing the need for intermediaries like banks and brokers.
The DeFi application is one of the most promising use cases for ETH. This is because it includes smart contract-powered loans, minting of stablecoins, and decentralized exchanges.
Expert Comments
Economy Watch:
“Ethereum's forecast over the long term is highly optimistic. The Ethereum price prediction 2025 estimates that this coin will be valued at $10,000. Although this seems like a huge figure, the potential that Ethereum has set this coin apart from many other competitors.”
Read Also: Will Ethereum Reach A Trillion-Dollar Market Cap By 2023?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Uniswap (UNI)
Uniswap’s rapid growth as one of the top DEX platforms also means a higher adoption curve for UNI, eventually doubling its price.
Uniswap is a unique cryptocurrency that operates on a decentralized P2P exchange automated market maker (AMM). Thus, it acts both as a cryptocurrency and a decentralized exchange (DEX). Uniswap is built on the Ethereum blockchain and allows users to swap ERC-20 tokens, representing a wide array of digital assets and financial values. Currently, there are over hundreds of tokens available on Uniswap. Some of the most popular trading pairs are stablecoins like USDC and Wrapped Bitcoin (WBTC).
The Significance Of The UNI Token
The price of UNI has seen a significant rise since the beginning of this year. The coin serves as a governance token inside Uniswap’s decentralized exchange (DEX) ecosystem. Therefore, the token holders get a chance to vote on matters that would further help steer the DEX platform’s future direction.
Moreover, the UNI holders can also receive a potential share of revenue in the future. Uniswap’s governance contract contains a feature called the fee switch. Once activated, it will enable UNI holders to earn a part of the protocol’s fees.
Advantage of Uniswap Over Other DEX
The most significant features that make Uniswap stand out from the crowd are its user-friendly operations, users’ control over their private keys, lower fees, and high liquidity. There is also an implemented incentive system in the smart contract that maps the exchanges.
Moreover, Uniswap is based in the U.S., and now U.S. residents can trade on the platform, which is an excellent advantage over other DEXs which are not allowed in the U.S.
The Launch of Uniswap v3
On May 5, 2021, the team behind Uniswap deployed a new upgrade, the Uniswap v3, on the second layer of Ethereum via Optimism. The latest upgrade has a significant feature called concentrated liquidity. This feature helps investors in setting their own liquidity price range.
The introduction of the v3 could double UNI price in the long run. Findings and data have shown that the update has already helped Uniswap become the largest DEX on the Ethereum network and will continue doing so in the future.
Expert Comment
Crypto Ground:
“Being based on a logical algorithm, Uniswap (UNI) has both short term rally as well as long term potential advantages The price may reach $61.39 end of 2025.”
Don't Miss: Will Uniswap Make Me Rich in 10 Years?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Today the crypto space is flourishing with an array of opportunities for investors. Moreover, mainstream companies from across industries have also shown keen interest in cryptocurrency and blockchain in 2021.
However, with significant rallies, the rising popularity of DeFi, and several other developments, these 3 cryptos could double by 2025, making this the right time to add these potential cryptocurrencies to your portfolio.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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