Cardano to $20 - ADA Can Make You A Millionaire!

Cardano To $20 possible? | Can ADA Make You Rich And Beat Ethereum?

  In this Article we'll be talking about Cardano and why I think ada can hit 10 To 20 in 2021, and why I believe ada will be the best performing cryptocurrency out of the top10 for the next couple months here leading up to the end of quarter one so we'll get into all that as well as Some Cardano news and talk about staking as well and earning passive income with ada.

Cardano ADA Market Cap UpDate JANUARY 2021

so Cardano is looking very strong today holding 30 cents and actually flipped litecoin for the number five spot in coin market cap, as we can see here so this is a huge day for Cardano it's moving up in market cap I think it's gonna flip xrp very soon not far away and then I do think it will flip ETH as well I do think Cardano ADA will be sitting at the number three spot by mid-2021 so in this Article, we'll be talking about Cardano and why I'm continuing to buy Cardano throughout 2021and why I believe it could easily hit 10 dollars from the current 30 cents investment around 10 billion dollar market cap now so Cardano is a major competitor to ethereum and ethereum's current market cap is 125 billion and i do think ethereum will be testing two thousand dollars by the end of january. i do think this is going to be a trend I do believe cardino ada is going to be the highest return on investment cryptocurrency out of the top ten I do think polka dot will do really well.

so Cardano being only at a 10 billion market cap has massive potential for upside profits compared to ethereum .so ethereum's currently 13 times higher market cap if you did a 10x for cardinal ADA that would currently put it at three dollars so that's pretty far off from 10 but I do want to talk about why I think that could hit 10 in 2021 So everything's going to be moving up in general so by the time Cardano-ada can hit 10 the market cap of ethereum is probably going to be closer to 500billion to even one trillion dollars for ethereum, in general I do believe bitcoin and ethereum are still great investments for 2021and they will continue to rise throughout 2021. of course, there will be temporary dips here and there that's normal and that's very healthy for these markets and as we saw gold and tesla both had a huge dip as well at the same time that cryptocurrencies had a dip so it was all the markets that are doing well it's normal to have a healthy correction.

 why I'm Bullish on Cardano Short Term

 so the primary reason why I'm so bullish on ada for the short terms because they have a major main scrolling out soon which is Goguen and this introduces smart contracts to the project which is why ethereum is such a big cryptocurrency project and why so many hundreds of cryptocurrencies launch on the ethereum blockchains because of smart contracts which allows them to do various things and have unique features for the cryptocurrency so something a lot of investors in the cryptocurrency space is buying there test net and then sell the main net and this is one of the biggest main net launches in cryptocurrency history.

Short Term Investment  :

so right now if you follow this you would be buying ADA as much as possible, now and then selling around the launch of goguen .I do believe this in this project has a very strong long-term investment so with the launch of this they're going to get hundreds of partnerships they already mentioned they have over110 major partnerships in the pipelineas well which will be rolling out throughout 2021 .

Charles Hoskinson Co-founders of ETH and The Founder of ADA explains how cardano could get to a trilliondollar market cap, which would be a massive return on investment from the current 10 billion dollar market cap so just to give you guys an idea of how much return on investment this would be so we would divide one trillion dollars which would be the future market cap by the current market cap of 10 billion and that is a 100 x investment from the current market cap. 

Cordano in Google Trends  :

so another thing to look at is cardano in google trends and as we can see cardano recently had a peak in google trends andis dropping off a little bit but any big announcement is going to make this shoot up very quickly and this will be rising leading up to be goguan main net as well so we can see during the peak of the last four, in here the google trend speaked out and that's when it went over one dollars o when we're returning to trend level suround the previous bull run levels in google trends that's when ADA is going to be over one dollar and they're staking now there wasn't staking back in uh then and this was allbased on speculation at this time.

What is Cardano ADA :

 Cardano is a new cryptocurrency platform that was launched in September 2017 after more than two years of development ,it's rather different than othercryptocurrency projects because it is built around peer reviewed papers soinstead of writing a white paper and implementing it straight to code theCardinal team actually makes sure that experts from around the world read their papers improve them ,and agree with the outcome this is a very different way of working Cardno claims to be the third generation of cryptocurrencies ,
-the first generation was Bitcoin and isessentially digital gold it's used to transfer and store virtual money but it's plagued with scalability issues thesecond generation started with etherium and brought a smart contracts it improved scalability somewhat but not enough to become a global currency the third generation however wants to takethe previous two generations and improve upon them right now Cardnoand and IODA  are both considered to be third generation blockchains Cardno wants tosolve three big pain points of the current generation scalability interoperability and sustainability

scalability :

which itself consists out of three problems that have to be solved transactions per second network bandwidth and storage transactions persecond :
as the most obvious one in orderfor a cryptocurrency to become a globalpayment system you need to be able to handle a lot of transactions per secondCardinals or a Borah system solves this by adopting proof of stake instead of proof of work .you probably know that Bitcoin uses the proof-of-work algorithm and lets everyone mine newblocks this process is slow and not onlywastes a lot of computing power it also wastes huge amounts of electricity .
Cardano is much more efficient it doesn't let everyone mine new blocks instead the Network elects a few notes to mine the next blocks these are called the slotleaders so to make this all workCardno defines the time into epochs anepoch is split into slots a short period of time in which exactly one block can be created the network then elects as lot leader for each slot and this is the only person that can mind a block for that particular slot, slot leaders listen for new transactions verify then put them inside a block if as lot leader doesn't complete his tasks in time or doesn't show up he loses the right to produce a block and has to wait until he is reelected by the network this technique makes Cardno highly scalable because they can increase the amount of slots per epoch and they can run multiple epochs in parallel.

the next scalability problem is network bandwidth block chains are stored in a peer-to-peer network each node in this network receives a copy of all new transactions but imagine what happens if there are thousands of transactions per second the nodes would need a lot of bandwidth to continuously download them all and that is not very scalable instead cardona wants to split up the network into subnetworks by using a technique called rina each node will be part of aspecific sub network and can communicate with other networks if needed much like the tcp/ip protocol for the Internet .
the final aspect ofscalability is data storage blockchain store all transactions that have ever happened but how do we handle this ever-growing set of data the Cardano team is thinking about implementing techniques like pruning compression and partitioning however they don't consider this a top priority at the moment because storage space right now is still fairly cheap they tackle this problem in 2020  .

interoperability :

big problem number two is interoperability this again consists outof two problems first of all there are many crypto currencies out there butthey don't really work together and secondly banks and governments shy away from cryptocurrencies so the Cardinal team assumes that in the future we won't have one point to rule them all instead  multiple different currencies will exist side-by-side each with its own protocol and rules .right now these don't talk toeach other you can for example transform your Bitcoin into ether without an intermediate .
the Cardano project aims to be the internet of blockchains or in other words a blockchain that can understand what happens in other blockchains this would mean seamlessly moving assets across multiple chains then there's also the problem with governments and banks they shy away fromcryptocurrencies because they don'tadhere to regular banking laws it's hardfor them to trust a transaction in thecrypto world because they don't have any metadata about that transaction .
they'd like to know who made the transaction and for what reason however this is also very sensitive informationso the card owner project wants to allow people to attach metadata to at ransaction if they want to this would make the crypto world play nicely with the traditional banking world but again it would be up to the user to decide if he wants that or not

sustainability :

the final problem that the team intends to solve is sustainability right now there are a lot of people who want to build a company around crypto currencies to raise money for their company they launched an ICo---- or initial coin offering after anIC o---- the team ends up with a lot of capital that they can use to fully start their company but what happens if after a couple of years this money runs out how will they make sure that the development of their technology continues should they create a new coin and hold another ICo---- just to get some cash this is still an unanswered question but it's clear that raising money just once isn't very sustainable and doesn't promote continuous improvement Cardno intends to solve this problem by creating a Treasury .
the idea is that the Treasury will receive a small percentage of every transaction that happens on the network the Treasury itself is a special wallet that isn'tcontrolled by anyone instead it's a sort of smart contract that can release apart of the funds to developers who wish to improve the carado protocol to do this developers have to submit aproposal to the community saying what they want to change and how much moneythey need for itthe community can then vote on the ideasthat they think is the most important after a certain amount of time theTreasury takes the most popular proposals and gives them enough money sothey can develop their improvements, overtime the Treasury model will keep Cardno sustainable by providing a continuouss tream of money that can be used to continue to do research and to improvethe system .


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