The Cardano Effect on Coinbase

Coinbase is rather finicky when it comes to supporting new currencies.

Right now there are a few coins that I wish Coinbase would start allowing sales on, but they haven’t and although I understand their reasoning, there is one coin I know they are about to set free from that restraint, that will rock the crypto world.

When the release for sales is started, the opening of that flood gate will explode sales for both Cardano and Coinbase.

Big time.

How soon? I would suggest as soon as Cardano finishes the implementation of their staking platform. Which might be very soon judging by this tweet right here.

Statement from Cardano Charlie

Which sums up the answer to the question.

It shouldn’t take much longer. In fact, I would guess in the next two weeks at best, maybe…

Don’t quote me on that, but when Charles puts his horse in his stable, I would guess that should be about the time. Hopefully.

What can we expect? I would think the sales would hit at a feverish rate to start off. Perhaps in the 10s of millions just on the first 2 days. That should drive Cardano out of the nickel range upwards into .10-.15$ or even higher per coin in just 48-72 hours.

Cardano will appreciate the sales and add to their community a vast number of people who are and have been waiting to scoop up Cardano.

Hold or Trade It? To be honest, if it was me, I would tuck Cardano away in a shoebox for about 5 years. I wouldn’t look at its price until 2025, just to keep my fingers from twitching.

In all honesty, and I said this before, Cardano is going to be huge.

Some of you need to remember the term “long term investments” because this won’t be an overnight boom, but I believe firmly that with ADA's leadership and future outlook, this could very well be one of the best investment opportunities to strike the crypto world in a very long time.

How much Should I Buy? I’m not a investment professional, so take my advice at your own risk.

That said, at the price it’s sitting at right now, I would buy up what you can afford.

$200.00 USD would not be a bad number to start with. Knowing that many of us can’t afford that, I would still suggest spending what you can on it. I’m a low-income investor myself and have been buying Cardano on Coinseed for the past few weeks.

The issue is that there is only one Wallet approved by ADA. It would be great if Cardano came out with a Android Stake Enabled Wallet, but for now, it’s only available on Windows, Apple and Linux PC versions.

Let me end by saying this when ADA becomes purchasable, and the average everyday investor can get their hands on Cardano ADA, Coinbase better get their servers ready and buy some office fans, because it's gonna be HOT up in Coinbase HQ.

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Jeff Kaufman