Investing in Cardano (ADA) at its all-time low and selling it at current prices would have resulted in a profit of over $200,000. In a video, a YouTuber expressed confidence in Cardano, stating that they invested more than $10,000 in the cryptocurrency because they believe it could easily reach 10x returns in the next year or two. They argued that Cardano is undervalued compared to Ethereum and cited its growing community, numerous infrastructure projects, and founder Charles Hoskinson’s credibility as reasons for their investment. They also highlighted Cardano’s efforts to assist countries in the Middle East.
Why I Invested $10,000 into Cardano: A Look at the Future Potential
The Potential of Investing in Ada Token
If you had invested just $10,000 into the Ada token at its all-time low and sold it at today’s current prices, you would have made over $200,000. And if you had sold the Ada token at its all-time high, you would have become a cryptocurrency millionaire. In this video, we’ll look at why I bought even more Cardano and why I think it’s going to be one of the easiest 10x’s in crypto.
Why I Think Cardano is a Great Investment
First off, Cardano is a blockchain platform that provides tools and technologies required to create possibilities for the many and the few. Cardano is currently sitting at $0.39, but in its last bull run, it reached approximately $3. I believe Cardano will easily go back to its all-time high and even surpass it. In the most bullish case scenario, I could see it reaching $7-$10 in the next bull market.
Another reason why I believe Cardano is undervalued is because of how massive its community has grown. From different Dex liquidities to launch pads and NFT projects, Cardano’s ecosystem is on the rise. One of the main things I look for in cryptocurrency before investing is the founder. In this case, Charles Hoskinson, the founder of Cardano, has close to a million followers on Twitter and shows up to community events, showing his commitment to the project.
Investing Long-Term in Cardano
Please note that I am not trading Cardano, I plan to hold this for the long run until it reaches 10x and beyond. My strategy is to stomach the volatility in the short term because I believe in the project’s long-term potential.
The Strength in Cardano’s Community
Crypto is all about community, and Cardano’s community is one of the strongest I have ever seen. With 1.3 million followers, many people love hearing more about the project. If you’re an Ada holder, smash out that like button and hit the subscribe button because we’re going to be talking more about this project in the future.
Investing in Cardano has the potential to be one of the easiest 10x’s in crypto. With a massive community and a strong founder who is committed to the project, the future looks bright for Cardano. If you’re interested in multiplying your money exponentially, investing in Cardano could be a great move.