What Might Happen If You Invest $100 In Cardano (ADA) Today?

Should You Invest $100 In Cardano (ADA)?

Last Updated January 31st 2022

15 Min Read

Are you pondering about investing in cryptocurrencies in 2022? 2021 saw more than half of all cryptocurrencies enjoy bullish runs twice during the year. This in turn led to huge gains for several traders and investors.

The resultant effect of the liquidity flowing through the decentralized finance world is the number of people who want to make enormous passive income from the buying, selling, and holding of digital assets. Therefore, if you want to know more about investing in Cardano with $100 and its potential worth in the future, Trading Education is the right place for you.

If you invest $100 in Cardano’s native asset ADA today and the value of the crypto trading asset increases due to the never-ending crypto boom, say up to $350, you stand a chance of making a profit of $250. This is called portfolio gains since Cardano (ADA) can be considered a digital financial asset.

Since the investments come with risks before rewards, if the value of Cardano (ADA) drops due to a bearish outlook of the market to let’s say $35, you stand a chance of making a loss of $65.

Whatever happens, you cannot see gains or losses if you continue to hold onto your ADA coins. The only way you can see gains or losses is to let go of your Cardano tokens in the form of selling.

To learn more about the Cardano project and how you can invest in Cardano (ADA), keep reading.

Content:

If You Invest $100 In Cardano (ADA) Today, What Happens?

Can I Invest $100 In Cardano (ADA)?

What Is Cardano?

What Makes Cardano So Valuable?

How To Invest $100 In Cardano

Will Investing $100 In Cardano Make You A Millionaire?

What To Consider When Investing $100 In Cardano?

Should You Invest In Cardano?

If You Invest $100 In Cardano (ADA) Today, What Happens?

The value of Cardano (ADA) has been increasing ever since it began trading at $0.1814 on 1st January 2021. So, if you were to invest $100 in Cardano (ADA) today, there is a great chance that you could see more than 100% returns in the not-too-distant future if the crypto-mania continues through 2022.

At the time of writing, ADAs has returned 4,614.28% since its launch. Eventually, the cryptocurrency tested new highs in the form of an all-time high of $3.10 on 2nd September 2021.

This has played a contributory role in increasing the market capitalization of the digital asset to more than $34 billion. As parent crypto Bitcoin (BTC) retests prices near its all-time high, the value of Cardano is going to soar even higher since alternate coins (altcoins) follow the price patterns of the digital gold.

What’s more, the triggering of ALONZO UPGRADE has led to the creation of smart contract applications. Applications such as ADAX and CARDAX are state-of-the-art decentralized exchange (DEX) protocols. ADAX featured strongly at the Cardano Summit of September 2021. This protocol is going to rival Uniswap and SushiSwap of Ethereum, PancakeSwap of Binance Smart Chain, JustSwap of the Tron Network, and StellarDEX of the Stellar Lumens project.

THEOS is an instant liquidity protocol for non-fungible tokens. According to the developers behind the project, THEOS aims to make the minting of non-fungible tokens (NFTs) easy. This means Cardano will soon have platforms that can rival Ethereum’s Decentraland and Enjin platforms. Another project called CNFT has been cited by several analysts as the potential OpenSea Version of the ecosystem of Cardano.

INDIGO FINANCE is an algorithmic, autonomous synthetics protocol that allows on-chain pricing exposure to real-world assets. This protocol can compete with mainstream protocols such as Chainlink and others.

Such continuous developments are the primary reason why analysts at Coin Price Forecasts think Cardano’s native asset ADA has a huge potential in a market of more than 17,000 coins.

According to the analysts, price drivers such as favourable technical indicators, positive crypto market sentiment, the aftermath of Alonzo Hard Fork, and evolvement of Cardano’s ecosystem could see the crypto trading asset increase to $1.34 by the end of 2022. The crypto forecasting portal further predicts ADA to trade for a coin at $3.15 by the year’s end of 2025, and reach new milestones of $4.92 by 31st December 2030.

This means that investing $100 in Cardano (ADA) today could see you with more than 30% in the short term, more than 205% in the medium term, and more than 380% in the long term.

Just like thousands of people who are lost in the new world of crypto finance investing and continue to ask questions, can you really invest $100 in Cardano? Let’s find out.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Can I Invest $100 In Cardano (ADA)?

You can invest as little as $100 in Cardano (ADA).

Unlike other cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) which is relatively higher in price and has led to several people buying fractions of those tokens; you can own a whole ADA coin.

If you are unable to buy a whole ADA coin, Cardano, like all digital tokens, can be divided into 8 decimal points. Therefore, you could also own a fraction of the coin.

In fact, you can buy 98 ADA tokens worth a $100 investment.

If you decide to HODL (hold on for dear life) with an eye on the long term and ADA retests new price milestones, you can earn substantial passive income that could transform your standard of living.

But before you decide to invest in Cardano (ADA) with $100 or any other amount you have set aside to risk, let us take a look into what Cardano is.

What Is Cardano?

Cardano is a blockchain as well as a cryptocurrency. As the first peer-to-peer reviewed protocol, Cardano is a technological platform that allows developers to build financial applications that are employed by business organizations and private citizens worldwide.

Built by a team of computer engineers with founder Charles Hoskinson at the head in 2015 and finally launched in 2017, the project was designed in a way that can be easily implemented in banking and aerospace applications.

The primary purpose for the creation of this crypto project is to improve the interoperability, sustainability, and scalability issues associated with blockchain technology.

Cardano comprises five (5) entities that ensure its survival and efficiency in a saturated crypto market. They are the Cardano Protocol that allows users to send and receive money over the internet, its cryptocurrency (native asset/novel token) ADA, the Cardano Foundation, Input Output Hong Kong, and its commercial arm Emurgo.

After appearing on cryptocurrency exchanges in October 2017, ADA initially had a value of $0.026 but has hit levels of up to $3.10 to date.

Once you buy ADA on centralized exchanges, private keys which are popularly termed as passwords or passcodes are the only way you can access your crypto holdings.

Fortunately, the keys can be set by you. This means that in the event you forget your password on centralized exchanges such as Mandala Exchange, Binance, eToro, and Huobi Global, you can reset the private keys through a link via your registered email address or pin codes sent directly to your verified phone number.

On the other hand, if you choose to store your ADA coins in wallets such as Trezor, Ledger, Yoroi, or Daedalus, a random set of at least 12 names/digits, will be provided for you.

Unlike centralized exchanges that give you chances to reset your private keys, the aforementioned wallets do not.

As a result, you are supposed to write down the pattern of the private keys in your notepad or any other material you deem fit. Once private keys are lost, you lose access to all your holdings no matter their worth.

Whatever happens, you must register for a crypto account with an email address and phone number you regularly use (centralized exchanges) and store your passcodes privately (digital wallets).

The creation, storage, distribution, and trading of virtual currencies including Cardano (ADA) employs a decentralized ledger system called a blockchain. Facilitation of payments is normally done through peer-to-peer (P2P) technology.

To maintain and update the protocol to meet the standards of decentralized finance, Cardano relies primarily on upgrades that are part of its milestones (the latest upgrade was Alonzo Hard Fork in September 2021). What’s more, Cardano can process more than 1 million transactions per second when it reaches full functionality. This can be attributed to the layer 2 solution called HYDRA that has been built to run on the blockchain.

To illustrate how Cardano works as an investment instrument, traders and investors that purchased the digital asset in its inception as a tradable token in 2017 to date have made impressive gains. Depending on the budget they set aside, some of them could have seen returns in the thousands or millions.

For instance, if you invested $100 in ADA when it traded for an infinitesimal figure of $0.1814 on 1st January 2021, you bought 551.2679 (more than 500 ADA tokens).

If you had time in the market, rather than trying to time the market by holding onto your coins when it reached its new all-time high in September, the value of your $100 Cardano (ADA) holdings would have been worth $1,708 at that time.

This is a 1,608% increase on your $100 investment capital.

Don't Miss: Investing In Cardano Right Now Could Make You A Millionaire Retiree

What Makes Cardano So Valuable?

Cardano, like all digital assets, holds no intrinsic value. It can be compared with fiat currencies which are collectively termed as representative money. This means that its success comes from the faith users have in the token as a currency because it does not have any value of its own. To put it simply, Cardano is not backed by physical assets such as gold or silver.

Therefore, the real value of Cardano is solely dependent on the demand of ADA by investors in the market. As a result, when more investors pour liquidity into ADA which is reflected in its daily trading volume, its market value increases. Cardano’s market value decreases if the same investors decide against ADA and invest their money into other digital assets with huge potential.

Because of its status as a cryptocurrency (digital currency) that is seen as a threat to the fiat currency system ($, €, £, and ¥) as witnessed by crackdowns from China and other Asian countries, no central bank from any country supports its usage. Therefore, Cardano cannot be categorized as a legal tender.

Cardano is among the noteworthy cryptocurrencies on the market. Ranked as a top 10 digital asset, Cardano is more valuable than some mainstream companies such as Moody’s, Xiaomi, BMW, Adidas, Nintendo, Twitter, and eBay whose market capitalization are below $70 billion.

Many proponents of cryptocurrencies view Cardano as the future of decentralized finance. Experts believe that Cardano provides a much quicker, cost-effective, and innovative technological system that can transform global transactions and developing economies.

Although several cryptocurrencies continue to be associated with cyber scams, Cardano has so far steered clear of unfavourable news. More importantly, it is one of the few coins that have increased in value in tandem with the accomplishment of the project’s roadmap. Investing in Cardano in the short, medium, or long term can provide you with consistent passive income for a long time.

How To Invest $100 In Cardano

There are several ways through which you can invest $100 in Cardano. For quality and value for money, we recommend using eToro to invest in Cardano (ADA).

Although the primary focus of the article is $100, there are no limits as to the amount of money you can invest in Cardano (ADA). Exchanges offer different minimum amounts for cryptocurrency trading. As a result, choose an exchange where you can invest in Cardano (ADA) with a minimum that fits your budget.

Since most exchanges take a minimum of $10, you can start investing in Cardano with $100.

Follow the steps below to know if you can invest in Cardano with $100 on eToro.

Firstly, register for an account (full legal name, phone number, email, and residential address).

Secondly, verify your account (government-issued ID card and internet bill/credit card statement/bank statement).

Thirdly, deposit funds (bank transfer, bank cards, and online wallets such as PayPal, Skrill, and Neteller).

Fourthly, buy ADA coins on the Cardano Page (you can buy $100 worth of ADAs and the order will be calculated, processed, and completed).

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Will Investing $100 In Cardano Make You A Millionaire?

It is possible to become a millionaire if you hold to your Cardano (ADA) investment for the long term and ADA rises to more than $20,000.

Fortunately, this can happen due to the unpredictable nature of cryptocurrencies.

For understanding, let us employ simple mathematics in our analysis of a $100 Cardano investment turning into a millionaire maker.

At $100, you can purchase 98 coins.

You could become a millionaire if ADA trades for $10,205 in the future.

Currently, there aren’t any analysts or experts who have used fundamental research or technical indicators to make such a prediction.

But, since cryptocurrencies are classified as a highly volatile asset class, this could happen in the future if Bitcoin reaches new milestones in the future.

At $10,205 and 98 coins in holdings, simple mathematics in the form of multiplication will provide the millionaire maker statistics.

$10,205 multiplied by (×) 98 totals $1,000,009.

If ADA tests $25,000, your $100 investment could turn to $2,450,000 ($2.4 million).

If ADA tests one of the most trending questions online, can Cardano reach $100,000, you will see your holdings worth at least $9,800,000 (multi-millionaire).

Cardano has accomplished more than 95% of its roadmaps. With an ERC20 token converter that can help turn most developers from Ethereum to Cardano coupled with the triggering of smart contracts that has facilitated the creation of hundreds of smart contracts, Cardano will gradually become an Ethereum Killer.

Several experts still consider Cardano to be a high-risk investment due to the newness of its decentralized finance applications.

With that said, the popularity of ADA, the impact of its founder Charles Hoskinson, the billions in daily trading volume recorded, and its listings on the largest cryptocurrency exchanges make ADA one of the digital assets that will result in gains.

Check Out: Will Cardano Reach A Trillion-Dollar Market Cap By 2025?

What To Consider When Investing $100 In Cardano?

When investing $100 in Cardano (ADA), it would be in your interest to consider the following.

Virtual Currencies and Blockchain Technology Is a New Concept

Virtual Currencies have survived the last 12 years but the advancement of blockchain technology, particularly, Ethereum brought about several ways to make income.

As of October 2021, cryptocurrencies continue to increase in value but so far only El Salvador has accepted Bitcoin as legal tender. Other areas of crypto such as exchanges continue to face regulatory concerns with Binance the hardest hit.

This means that investing $100 in Cardano (ADA) is not a sure way to enormous riches.

No one can boldly predict the future of cryptocurrencies. No one even imagined that BTC would once be worth $60,000. Therefore, as an e-learning organization, we will recommend you invest in Cardano with caution.

Know the Actual Costs Involved

Find out the processes involved in reaching $100 worth of Cardano (ADA) tokens. This is because your $100 may not be able to purchase the ADA coins you earlier calculated.

A great example can be attributed to choosing a centralized exchange that charges fees for depositing. Most of them charge up to 3.99% which is $3.99 (meaning you are left with $96.01).

If the exchange further charges $2.50 as transaction fees (you’d be left with $93.51).

In this case, you will be able to buy 91.6 ADA coins instead of 98 ADA coins for $100.

Know Your Risk Tolerance

Can you stand the chance of losing $100? Suppose a regulatory policy from the United Kingdom or the United States should lead to a plummet in the price of Cardano (ADA) and other cryptocurrencies, will you be affected by the loss of $100?

ADA continues to experience price fluctuations. But if you assess your level of risk and you are trading what you can write off as bad debt, you can invest $100 in Cardano (ADA) tokens.

Should You Invest In Cardano?

Cardano is an asset you should consider adding to your investment portfolio.

While it could have been great to have had Cardano (ADA) holdings around the start of 2021, ADA is trading at a relatively lower price ($1.02) which makes it a great barrier of entry for investors with less capital to spare.

As an e-learning organization, we always tell our readers to ask the question, do the potential rewards of investing $100 in Cardano (ADA) outweigh the possible consequences of the risks?

Since risks come before reward, performing a thorough risk analysis that results in Cardano as an attractive investment should put you on a path towards investing in Cardano (ADA) and see where it can take you as per your investment goals.