Charles Hoskinson launched Cardano in 2017. Hoskinson is one of the architects of Ethereum and is known as the third generation of cryptocurrency.
This allowed him to see where older competitors struggled and improved their resources as a result. Could this be enough to secure a bright future? Today, its price is $ 1.3. It may not compete with the highs of Bitcoin, which is currently brushing $ 60,000 – but this price is still an incredible growth rate.
This growth has helped the ADA secure the newly discovered status as the 5th largest crypto by market cap.
What is Cardano?
Cardano is a proven blockchain platform (PoS). In the POS system, users can add new transactions to the blockchain by “inserting” their cryptocurrency as collateral to confirm the transitions, which is much less energy-intensive than a platform that uses a proven algorithm to work.
This actually means that miners have to solve complex mathematical equations using their computer hardware before adding a blockchain.
What do crypto experts predict for ADA in 2022?
Ryan Celkis claimed that in 2021 Cardano would jump from 10th to 5th place according to the market limit. He may have seemed incredibly optimistic at the time, but since then, his skeptics have had to eat their words!
The prediction came not only true but also came true in the first few months of 2021. According to the Italian cryptocurrency analysis platform “Prevision Bitcoin”, the future is even more devastating. This network gave a sky-high forecast for Cardano, as we can see from the graph below:
His calculations suggest that the ADA will continue to climb through 2021, eventually reaching its annual high (and new ATH) of US $6 by December. If this forecast appears to be accurate, it will signal an incredible growth rate.
Should you invest in Cardano?
Absolutely! According to forecasts, Cardano’s value is likely to increase during 2022. Long-term projections are somewhat more consistent.
This means that Cardano can be a good investment for 2021 and beyond, but in the end, it depends on your trading style and whether you prefer to take short or long-term positions. To conclude, Cardano is a low-risk investment with many potential rewards.
This is something that you should research before considering adding it to your portfolio.Leave a comment