You know, making ADA articles, back to back, I have an extremely high level of conviction in Cardano. I can see Cardano 10x again within the next decade. So it would have to be insane to sell any ADA at this point. I mean, do you guys remember just a little over a year ago when ADA was only a few cents, and during that time, the people who were willing to stick to ADA’s turbulence with a high level of conviction in the market were highly rewarded.
When everyone else was scared out of their mind throughout these corrections.
In this article, we need to go over two very specific updates that Charles Hoskinson just gave about Cardano, which could have some massive implications on ADA’s future price going forward not only that but I will also be sharing Cardano’s very bullish catalyst that will be the key factor in ADA’s new and higher price target.
So you’re going to want to stay for this one. But before we get started, if you’re new to the channel, be sure to give this article a like and say hello in the comments down below I do try to respond to every single one of you guys.
So let’s not waste any more time. Let’s get started.
Now for you to truly understand why ADA could 10x in the next decade, I need to explain this to you guys. You see, Cardano spent four years of their early age in total pain. They were not significant in the blockchain industry, and no one believed their success.
Their objective was to solve the problem that bitcoin and Ethereum were facing: Scalability and Being environmentally friendly.
And after four years, they were finally able to launch smart contracts. Now by any means, I’m not a maximalist; I just don’t believe that one single blockchain will rule them all, beating out others in the space but just think about Google, Microsoft, Apple and how they can coexist. I believe that blockchains will be able to coexist too.
And I strongly believe that cryptocurrency is here to stay, and it will transform the way we do finance and how we interact with one another in other markets. So I will continue to invest in the future.
Now my thesis is to invest in companies with disruptive technologies in large markets and good management. And Charles Hoskinson is resilient and has a strong technological focus.
Cardano is focusing on education, finance, retail, agriculture, government, and healthcare. And the number of ada holders just keeps increasing over time, which brings me to the fact that Cardano, for example, is concentrating on expanding its links across Africa. As a result, blockchain has matured throughout Africa, and Cardano has also partnered with several government entities in Africa to invest in multi-million dollar projects. And we have an update on what Cardano is doing in Africa to advance blockchain usage and acceptance at one of their most recent Cardano 360 events. And everything appears to be going well for Cardano in Africa, but I personally see several hurdles.
Africa is a massive continent that is highly divided in terms of countries’ administrations and decision-makers.
And even if one country is favorable and supportive of Cardano’s infrastructure investment, the government may easily change its mind and refuse to engage with the cryptocurrency.
So there are some dangers here, but I view this as virtually a win-win situation for Cardano. Because if things do not go according to plan, they would most likely lose a lot of money and time but then what’s innovation without any hurdles. But the Cardano blockchain, on the other hand, is currently being developed and may be utilized in any nation in the globe and by anyone who wants to use it once it is created and operational.
Second, we have the release of smart contracts.
200 of them are currently on a time block in the Cardano network, and these smart contracts will bring less friction and faster transaction times for less money. Not only that but no middlemen will ever be involved. Meanwhile, the additional features will make it possible to create non-punchable tokens, and I want you to think of smart contracts as something you would buy from eBay or Amazon. When you buy a product from those places, you’re going through some middlemen. Someone in the middle. Because when you buy on Amazon is the middleman. Between you and the seller. The smart contract could simply automatically send out the product, and it would be in a system where you don’t need eBay or Amazon to take a portion of the transaction. You can simply have the smart contract take a very small percentage of the full transaction now; of course, both amazon and eBay are working on implementing blockchain technology into their business, so I would highly doubt they would get hurt from a blockchain like Cardano.
But then again, the Cardano team has also mentioned that they will be making some industry-defining announcements during the Cardano summit this weekend.
Now, this is going to be a hybrid event being held in person and virtually. Now, of course, they are more than expected to announce some new partnerships and expand their ecosystem, but currently, their largest blockchain partnership is with the ministry of education in Ethiopia to create digital ids for students.
And Charles Hoskinson and the Cardano team have also announced their two to five-year plan, which outlines the Cardano foundation’s short and long-term goals for Cardano. And they really went over the need for major companies to embrace native digital assets. Now they have said the most important aspects of the company’s next year and a half would be onboarding 50 banks with the ADA token, which the token allows for function on the blockchain.
And if Cardano can achieve onboarding, 50 banks ADA holders will be able to use the Cardano blockchain to exchange their tokens into various fiat currencies or other cryptocurrencies. Therefore increasing the number of ADA holders all around the globe and also increasing the price.
Another one of their goals was to increase the number of consumers using third-party services projects which will increase on-chain activity and an increase in operational wallets. In addition, the Cardano foundation also intends to get at least three fortune 500 companies in its ecosystem. They have stated that the foundation wants people to own and utilize ada in addition to introducing them to the benefits of blockchain.
So they hope to have the entire blockchain self-sustaining and controlled by the community within the next five years, which will introduce the Voltaire period.
And by the year 2026, the number of fortune 500 businesses holding and employing the ADA token should have increased to at least the double digits — maybe 10 to 15.
The foundation has implemented a two-tier strategy to achieve those goals, which involves increasing demand for the blockchain and their token while also offering an excellent decentralized product.
So now let’s take a look at how high ADA can actually go in this market cycle. Because if you’re a subscriber of the channel, you will know that September is historically a bad month for crypto and stocks. So this month was a great time for some more accumulation. Now, in my opinion, and according to the stock to flow model by plan b and on-chain metrics, bitcoin and altcoins are on track for a second bull run that will most likely last until next year.
The stock-flow model shows bitcoin hitting 100,000 dollars by the end of 2021 and 150,000 dollars towards 2022.
And the on-chain metrics have also shown the number of long-term bitcoin holders has only been increasing. And this looks to be somewhat of a repeat of 2017. Now, as they say, history doesn’t always repeat, but it does rhyme. So with all that being said, bitcoin will at least do a 2nx within the next six months, and if history does rhyme again.
And altcoins start to follow bitcoin’s trend. Then I can see Cardano doing a 3x to 5x in this market cycle. And that would put ADA at between six dollars to 10 from today’s prices.
Obviously, things could change from time to time, and I could either be very conservative or way off in those prices. But those are my most realistic prices for now. And if Cardano is able to achieve mass adoption from banks and fortune 500 companies, then we can at least see a 20 dollar, Cardano within the next to ten years.
So hold on to your pants because we are in it for a ride. Now before you start saying but what about marketing cap?
Well, a 20 dollar Cardano is a very realistic price in five years, considering that we put Cardano at a market cap of 600 billion dollars. And we can assume by then that bitcoin’s market cap will at least be 4x from what it is now, and Ethereums will be a lot higher as well.
Now you may be wondering if I plan on taking profits once we start to see the top of the ball cycle in the next six months. Well, yes, always try to take profits but remember that you cannot time the market. But I also keep a large amount of ADA in my long-term portfolio because I believe in the project, and I can also earn some nice passive income just for Halloween, my ADA. But if you would like me to share my xx tragedy for this current bull cycle, then let me know down in the comments below, and I’ll make that happen.
So it’s all fundamentals and a lot of momentum behind it Cardano is without a doubt one of the most exciting blockchain applications in the world today. Now keep in mind that this is only my opinion and none of this is financial advice. Cryptocurrency is so volatile still, and you should never invest money that you can’t afford to lose. And think long term as that’s going to help you navigate the market, and those who are patient during the market downturns are going to reap the benefits long term.