Best Cryptocurrency To Invest In 2021
When people discuss the best cryptocurrency to invest in 2021 they normally talk about top 4 or 5 cryptocurrency that has potential. But in this article, I am gonna talk about only one cryptocurrency that has the most potential to blow over in 2022. No, I am not gonna talk about Bitcoin or Ethereum. Those are already known cryptocurrency even though have the potential to go 2times or even 3times more of the current price.
I am gonna talk about a cryptocurrency today that has a chance to go 10 times of current price or even more. And the cryptocurrency name is Cardano. Read the whole article to find out why it has a chance to blow over 2022.
What is Cardano?
Cardano was founded in 2015 by one of the Ethereum co-founder Charles Hoskinson. Like Ethereum it is a cryptocurrency that allows new assets and decentralized applications. However, unlike Ethereum Cardano uses proof of stack technology and it is almost 100 times faster than Ethereum. Cardano native cryptocurrency called ADA.
Cardano blockchain is more transparent than other cryptocurrencies and its managed by Cardano Foundation. ADA has been designed to make sure that the investor can have some say in how the currency will run. Meaning those who own a large number of Cardano can vote on any proposed changes to the software. Another mind-blowing feature of Cardano. Not sure I completely agree with that feature though.
Why Cardano price will increase
Since this year ADA has increased its price by 9x. This is pretty impressive compare to how every altcoin falls at one time or another. Even though Cardano’s upside potential is also limited due to its large market cap, It has much more room to grow than Ethereum.
Now despite all odds, ADA has maintained its price up ratio. This is because Cardano’s best moments are still ahead of us. It’s long waited for a smart contract update it’s just a week away. There are millions of users waiting to use this feature. Not just that, Many institutions and companies see Cardano’s peer-reviewed proof of stake protocol as a more environment-friendly approach.
Although ADA is unlikely to see exchange-traded funds anytime soon, it is waiting to get its own grayscale trust as per the filing made in January this year. Some public institutions already started stacking ADA for passive income. Others like the government of Ethiopia using Cardano blockchain technology for digital identity solutions. Cardano founder Charles Hoskinson also hinted at a partnership with the Philipino government.
Cardano ecosystem has its own unique community-funded project which will present a new opportunity for everyone. Once smart contracts go live Cardano can see a serious increase in price. I can already see ADA price 4 to 5 dollar range.