That’s Why Cardano Millionaire Maker Crypto
Today I’m going to be covering Cardano, a legitimate coin that you should probably put a few thousand dollars to maybe tens of thousands of dollars in for the long term.
Because I honestly believe that Cardano will be around for quite a while, and it will have a significant portion of the market in the upcoming future.
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Staking Cardano Percentages
If you didn’t know, most Cardano holders are staking their coins. How many people are staking their coins? Well, a whopping 71.7 per cent of people are staking their coins.
That is a big number because I mean when you believe that Cardano is going to go up and you’re going to be holding it for a long time, it just makes sense to stake your coins.
Because you can get interest, you can get additional ADA coins. So It’s a smart decision to do to make your money work for you and to grow for you.
So today, we’re going to be calculating how much money Cardano holders can make by staking their Cardano coins. Currently, if we go to the Cardano calculator, we can see that their average annual percentage rate is around 4.60 per cent.
This is yearly. And it is calculated in Epoch each epic is five days, and a whole year would be 73 Epoch.
With this calculator, you can say that you have 10 000 Cardano coins in one year your 10 000 coins would go to around 10 460 coins of Cardano ADA.
How much would that be?
If you put 10.000 dollars in one year at the end of the year, you would get 10.460 dollars, which is around 460 dollars in interest. And realistically, I do see people putting ten thousand dollars into Cardano.
Ten thousand dollars into hype coins, I’m not so sure. But for ADA, ten thousand dollars is a very reasonable if not small amount.
How Much You Can Make With Cardano
In order to help you understand how much you can actually make with Cardano, I made a spreadsheet which I think you will find very, very interesting. So basically, what I did was that not only did I add the 4.6 per cent every year to the calculation of the coins.
I also estimated the price that it would go up, and I added both of those things together. So that you can get a more accurate picture of how much your investments can grow over time. When I say time, I’m talking about use.
Cardano Spread Sheet
We start off with the initial coin investment how many Cardano coins you have. I’m going to say start with ten thousand dollars which are around 22.000 dollars, at the current price of 2.20 usd.
Annual per cent coin increase of 4.6% that was given with the calculator 4.6 per cent.
The annual price increase of 30 per cent.
The 10 000 coins in 10 years you would have 15 000 Cardano coins in 20 years you’d have 24 000 Cardano coins which in my personal opinion Cardano should be around in 20-ish years. Hopefully, cryptos have only been around for like 13 years, but I think it can make the 20 years.
The price so right now it is at 2.20 dollars. In one year, I’m saying that it will increase by 30 to hit 2.86 dollars in two years. So is this possible in my opinion, it can very reasonably do because at its highest point over 3.00 dollars. So very, very reasonable.
Three years 3.72 usd. So a 30 per cent increase every year should be sustainable. For the next, I’d say ten years hit 30 dollars. İ think it’s very reasonable by 2031 30.00 dollars very very reasonable.
400 dollars in 20 years. İ don’t know about that. But in 10 years 30 very very reasonable.
How Long It Takes To Make $1 Million Dollars
Now let’s see how that would affect your investment if you have a 4.6 interest on your coins and a price increase of 30 per cent per year.
So if we do that we can see that total investment starting off with 22.000 dollars. So at the end of ten years, you would have around 475.000 dollars.
From a 22 thousand dollar investment if you just hold it for ten years. Thirty dollars I do think that it’s very, very possible in ten years.
In 20 years, you would have ten million dollars. İs this possible in 20 years? I don’t know if it can go up 30 per cent and every year for 20 years. It’s not really that possible.
But in 13 years, can you make a million dollars. That’s 66 dollars. İ do think that is possible.
How Realistic Is This
Just to show you how possible this it is. İf we look at Cardano’s market cap right now. İts cap is 72 billion dollars. In three years, I think that it can hit 116 billion dollars.
If you know anything about Cardano, you think that that is a very gross underestimate of Cardano. Most people are saying that it can hit a hundred thousand dollars in around two to three years.
I’m also giving it three years. So I think that very, very possible three years you can hit a hundred thousand dollars as market cap.
In 12 years, can it hit a one trillion dollar valuation? Yes, I do think it can because bitcoin took 12 years to hit a one trillion dollar valuation. And now, for Cardano, in 12 years, it can hit a 1 trillion valuation.
Yes, I do think that it can. And you also need to realize that Cardano was made in 2017. It wasn’t made in 2021. So it’s already been four years, so I think it can take another 12 years one trillion-dollar valuation.
At that point, you are already at half a million dollars. So in 13 years, you would have a million dollars. And 13 years if you put around 22 000 right now.
Also, the amount of Cardano coins is growing at one per cent per year. That means that in 20 years, there’ll be a total of 39 billion coins, and if you know Cardano, there’s a max supply of 45 billion. Currently, there are around 30 to 33 billion coins right now.
Holding vs Staking Cardano
What happens if you don’t stake your ADA coins and you only hold them for the next 20 years. So If you look at the table and this is the same spreadsheet, except your Cardano coins is capped at 10 000 ADA. If you just hold your coins instead of staking your coins.
The price still increases at 30 per cent a year, and you can see that in 10 years you would only have 300.000 dollars which is a lot of money, which is definitely a lot of Money.
But it’s not 475.000 dollars. It’s pretty less, you pretty much lost half of your money because you didn’t stake your coins.
That is how compound interest works. That is how much money you can lose if you just don’t stake your coins.
Upcoming Development For Cardano
Cardano had a major change to their coins. And they have finished up their goguen era, which allows for smart contracts.
The smart contract allows Cardano to do everything that ethereum can, and with the staking, they can do it a lot faster than ethereum.
So when those contracts come out, there is bound to be very likely to be an increase in price in the long term.
If you take money stake your coins in Cardano, you can get a very, very good return.
I must say that I’m not a financial advisor. Make sure you only invest what you can afford to lose. Don’t put everything into Cardano. Because at the end of the day it’s still crypto is still very volatile.
When you do invest in Cardano, make sure to invest in the long term. So don’t think about taking your money out too soon. But I do think that Cardano is a very good investment from now until you decide to take your stakings.
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