Based on Cardano (ADA) statistics, it’s easy to get excited about its possibilities. Today, social media dominates the crypto market conversation. If the online community undervalues an asset, this ends up in a cheap unit price. Even though ADA is no longer a penny crypto, it is still cheap with a value below $2. There are many talks of a price reach of Cardano 10$. Is this realistic?
A clear example of the influence on the value of a currency according to its place in speeches, is what happens with DogeCoin. The cryptocurrency that emerged from a meme, has a value per unit under $1 but is ranked 6 with a market capitalization of $ 40,539,807,069. Many considered that it is overvalued, as opposed to ADA, which is ranked No. 5 with a value per unit of $ 1.51 and a market capitalization of $ 48,378,899,618.
However, for many investors, ADA is a safer bet than DogeCoin, and this may be because Doge started as a joke, and perhaps they recognize a possible fragility in the currency to increase its value on the market.
if you are looking for a crypto to buy and make good profits 10 years from now, many recommended ADA. This is because it is considered to be a fact that ADA is going to be worth $ 10 per unit. The question is when it is going to do it!
Will Cardano (ADA) reach 10$ this year?
When Charles Hoskinson, founder of Cardano and co-founder of Ethereum, announced at the end of March that the cryptocurrency was going to be %100 decentralized, he showed his enormous vision and optimism about the future of the cryptocurrency and the crypto market, “I deeply believe that our best days are yet to come, and that we will continue to grow, and that this movement will eventually become the world’s operating system. “
Economist William White has compiled opinions from various analysts on ADA and its possible future trajectory. An interesting opinion is one of Coinpedia´s contributors Sahana Vibhute. The crypto-journalist believes that ADA will reach double digits by the end of 2021. And that by the end of 2022, you could start thinking about $ 22 per unit. According to the article, Cardano could even see a price of $ 100 by the end of 2027. Does this seem possible to you? Maybe talking about $100 per unit today seems crazy but the forecast of $10 is not exactly out of reach.
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