Cardano - realistic prediction in this bull cycle
For many crypto investors, Cardano "proof of stake" platform is their favorite in many ways.
And although Charles Hoskinson (founder of Cardano) emphasized in various ocassions that owning ADA should not be something where you want to get quick money with investing - many individuals want to withdraw their gains at some point, and are wondering what is price per ADA going to reach by the end of this bull cycle.
Well, the year started great Cardano. Throughout February, Cardano went from approximately 5$ billion coinmarketcap to 35$ billion, which resulted in the price of ADA token raising 6x.
On 18th if March, it hit its all time high of 1.46$ per coin. It implemented couple of important projects, such as:
- creating contracts with multiple African countries and getting on board with them
- Mary Hard Fork introduced on 1st of March (introduced Native Assets to the Cardano blockchain)
Also, with anticipation, we are waiting for completing Cardano's collaboration with NFT world, a space dominated by Ethereum’s ERC-20 tokens.
All in all, quite a bit of projects are set to be done in 2021.
But, what can we expect regarding price of ADA coin?
Although many of us are giving our best to emphasize da ADA is not pump and dump coin, there is many investors who would like to see it sky rocketing.
With the current price of 1.20$ per coin, and around 38$ billion within the circulation of 32 billion tokens, let's stay down to Earth and be realistic.
Yes - we can expect that with upcoming projects many institutional and individual investors are gonna be jumping in more and more, but in this bull cycle it is simply not realistic to expect Cardano skyrocketting to more than 10$ per coin. And I pray for God that it does not!
For instance, total marketcap of Bitcoin is a little over 1$ trillion.
Predicting the price of ADA being above 10$ would mean that cardano coinmarketcap should be over 350$ billion.
My prediction is that in this bully cycle and with upcoming projects, ADA will end between 3 - 5$.
As I own a bag of it, I would be happy to see ADA going much higher at some point in future (within mext five years), but let's also keep in mind that in order for a crypto project sustains healthy and stabile, we do need corrections, and we do need that it grows gradually.
At the end of the day - this is not a pump and dump coin.
What is your ADA prediction for this cycle?
Thanks for reading!
Sources:
https://mobile.twitter.com/nierop_pieter/status/1371017024802000896/photo/1
holding it tight