What if You Invested $1,000 In Cardano (ADA) TODAY? | Best Cryptocurrency To Invest in 2021
CARDANO! What if You Invested $1,000 In Cardano TODAY? In this video, we are going to look at the different Cardano price predictions and see what our return of investment would be if you invested $1,000 and $100 in Cardano today. So be sure to watch the video fully, if you’re curious about the Cardano (ADA) cryptocurrency, as I also believe Cardano could be the one of the best Cryptocurrency to invest in 2021!
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There are hundreds of bad coins out there in the market, but there are a few coins out there are worth taking the risk and holding on to them for the long run, such as Ethereum, Cardano or Polygon Matic and Bitcoin. So be sure to watch the video ” What if You Invested $1,000 In Cardano TODAY? | Best Cryptocurrency To Invest in 2021″ To get a better idea of the ROI investing $1,000 or $100 invested in Cardano (ADA) will give us!
Now, first! what is Cardano? Now, if you’ve heard of Bitcoin and Ethereum before, which both have recently reached all time highs before going through a correction..well then maybe you might have heard of Cardano, as it is currently the 5th cryptocurrency by market cap. Now, Cardano is a third generation cryptocurrency and it is setting out to solve many of the problems that Bitcoin and other earlier cryptocurrencies have. Also, the creator of Cardano is Charles Hokinson, who was one of the co-founders of Ethereum..
Now, the main difference between Cardano and Bitcoinis that Cardano is proof of stake and Bitcoin is proof of work, and this is a really big difference because proof of stake means that Cardano is a green coin and that’s because the proof of stake model does not require any mining, where we require mining for Bitcoin as of now, but that might change in the future..
Now, in my opinion Cardano currently has the most growth potential out of majority of the alt coins out there because Cardano operates on a proof of stake model, which means that this allows ADA holders to stake their ADA, and staking will allow ada holders to put their ADA in a staking pool and get paid in ADA in an annual rate of 5 percent just for holding.
Cardano will soon include “smart contract” capabilities, which entails adding code that allows automated, self-executing contracts to be created. Developers may use smart contracts to construct apps on top of blockchain platforms like Ethereum’s Uniswap decentralized exchange. Smart contracts underpin the whole decentralized finance (DeFi) business, with Ethereum accounting for the majority of it, and Cardano is ready to enter the fray.
Ethereum’s blockchain can now only process a small number of transactions per second — roughly 15 per second — causing severe network congestion. This causes longer transaction times and higher “gas fees” (or transaction costs) to send transactions through.
Future network enhancements should alleviate the problem, but Cardano is currently designed to handle considerably higher transaction volumes. It has been tested at up to 257 transactions per second, but Cardano developer Input Output is looking at considerably higher numbers — maybe 1 million or more per second.
The market as a whole may potentially have plenty of space to expand in the years and decades ahead. However, the days of purchasing a single BTC or ETH for a few dollars and seeing it climb into the hundreds (or even millions) are long gone. Is it possible that Cardano’s value will go into the sky like other currencies did? For the time being, there’s no way of knowing. However, Cardano’s foundations look to be sound, and given its present low price per coin, many investors regard it as a worthwhile long-term gamble on a viable cryptocurrency project.
Also, Cardano allows ADA holders to put their ADA to work. By holding and staking your ADA, you will help the network with validating blocks on the protocol and receive rewards on your investment just for holding at an annual rate of 5 percent.
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