As predicted, the Bull Run is just starting for Cardano, and it is difficult to define its velocity. The Cardano opens the week with a breakout from the $1.0 region, and it is now trading within $1.18 and $1.24
Recall that TradingBeast predicted that there is a high chance that Cardano breaks its all-time high, setting a new around $1.8 before the year runs out. As it is right now, you can keep your fingers crossed.
Cryptocurrency, like any other invention, is in an infinite cycle. You can always expect newer versions of the technology with each new era.
Take, for instance, the revolution of the hybrid car. Between the years 1999 to 2005, we had the first generation of mass-produced hybrid cars though the first hybrid car was built in 1899. 2009 ushered in a new generation with improved batteries. 2015 new batteries were introduced; lithium batteries that last longer and could hold more charge replaced the old batteries.
2019, the plug-in hybrids arrived: you could charge them and go much longer miles without needing gas. Every generation of the invention is an improvement of the last.
Bitcoin, Dogecoin, and Litecoin all form the first generation of digital currency. These first generation of cryptocurrencies are direct alternatives to fiat money. As Charles Hoskinson puts it, there was no value at risk with the first generation of digital currencies. With Bitcoin being the most popular, it became the most successful.
The second generation; Ethereum, introduced smart contracts. A digital currency system that serves as a platform for other technologies to be built upon. Ethereum was an improvement of what the existing digital currencies were doing - trying to make the best out of digital currency.
What Will Cardano Be Worth in 10 years?
Think of Cardano more as a refined Cryptocurrency built to resolve and correct the inadequacies of the earlier versions of digital currencies. This consciousness gives insights into how much Cardano is predicted to grow.
The first-mover advantage in technology is usually a historic disadvantage. For digital currencies like Bitcoin and Ethereum, their role is to pave the way for other cryptocurrencies to emerge. These first generations of coins are sometimes referred to as experiments. Having fulfilled that task, it is natural for them to be replaced over time by altcoin with a better implementation that solves real-life issues.
It is the way of the world. Take, for instance, the history of money itself. Trade by barter gave in to cowries. Cowries gave in paper currency, and now, digital currency is replacing fiat money. Who would have guessed that Facebook would replace Myspace? Today, Facebook is struggling to stay aloft amongst new generations of social applications.
This is the situation with Cardano, the newborn destined to take charge of the dynasty going forward, and with the recent increase in its market capitalization, you have fewer things to doubt and more reason to align with this movement early.
In the next ten years, you can expect ADA to exceed $5.
Read More: What Will Cardano ADA Be Worth in 10 Years?
Is Cardano A Good Long-Term Investment?
For Cardano, the opportunities are endless. It is a digital currency created after the success of an experimental project - the Ethereum. In the future, all things being equal, you can expect ADA to reach the price point of $5 to 10$.
ADA trades at $1.28 today and may likely reach $1.3 before the close of the day. This shows massive adoption ongoing within the ecosystem. And this price is not expected to fall. What you are more likely to witness is a retrace to $1.5 at most, you can as well say goodbyes to the $1 price region.
More and more Cardano adoptions are happening within the Crypto market. FD7 Ventures; United Arab Emirates Billion-dollar Cryptocurrency Investment Fund, recently made a $380M purchase of ADA. It is massive news for Cardano and a possible price explosion for ADA. As institutions are now adopting this Blockchain, the price will reflect accordingly soon.
Note that implementation in crypto does not affect the price of a coin immediately, it takes time. So activities like this do not necessarily imply an immediate surge in price, however, guarantee that the price of the coin will continue in an upward trend.
Also, IOG CEO estimates that Cardano will be adopted at a large scale in 3-5 years, as reported by Crypto News Flash. To add, IOG plans to run an entire Country's backend on Cardano by 2025.
These updates should excite you as a Crypto investor and Cardano ADA enthusiast. In the next 3-4 years, there will be loads of activities happening in the Cardano ecosystem, and this activity directly implies that ADA's price will explode. You can expect a 10X up to 100X price explosion in the coming years.
Check Out: Is Cardano Worth Buying
Should I buy ADA in 2021?
FD7 sold their Bitcoin to purchase Cardano. Is there something they know that you do not know? Yes. Cardano is the future.
Cardano continues to enjoy massive adoption by institutions and industry giants. All pointing to the potentials they all see in this coin to replace Ethereum as the platform for building technologies.
Crypto News Flash reports that a licensed Bitcoin-led casino operator has added ADA to its payment options and that a partnership with NowPayments avails Cardano on Shopify.
At its current price of $1.3, Cardano ADA is cheap. The managing director at FD7 believes that the price of ADA could be 20X in 2-3 years, so he was so convinced that the company sold off the most priced digital currency in the world - the Bitcoin, to purchase ADA.
The people at FD7 are not newbies in crypto. Their decision to prioritize Cardano and Polkadot over Bitcoin and Ethereum is enough to hint at the future of Cardano. They see more than potential in Cardano and believe that Cardano is capable of causing major disruptions in industries. Cardano is capable of revolutionizing healthcare, finance, and real estate, and these industries are some of the most valued industries in the world.
Invest smartly and explore the trend.
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