I Will Never Sell All of My Cardano...Here's Why! | Cardano ADA Price Prediction

Summary

In this video, the speaker discusses their long-term belief in Cardano (ADA) as a cryptocurrency investment, despite market fluctuations. Drawing comparisons with Bitcoin and Ethereum, they highlight Cardano's unique features, such as its scalability and low gas fees. The speaker emphasizes the project’s strong community and solid fundamentals, pointing out its growing ecosystem and significant milestones, like the first legally enforceable smart contract in Argentina. While acknowledging potential pullbacks, they express confidence in Cardano's future growth, forecasting the possibility of ADA reaching $10 in the next bull run.

Takeaways

• 😀 Cardano (ADA) is viewed as a long-term investment, with the speaker committed to holding their tokens despite market volatility.
• 😀 The speaker believes that, even after the current bull run, ADA will not return to low prices like $0.50 or $1, citing past market behavior as evidence.
• 😀 Cardano's blockchain offers unique advantages over Ethereum, including lower gas fees and scalability, making it a strong contender in the blockchain space.
• 😀 The speaker is confident that ADA will continue to grow in value, predicting it could reach $10 during the ongoing bull run.
• 😀 Even though Cardano may not be as flashy as Ethereum or Solana, it has a dedicated community and a growing ecosystem of projects.
• 😀 The speaker praises Cardano for focusing on real-world applications, such as smart contracts in Argentina and Bitcoin liquidity bridges, rather than just hype-driven initiatives.
• 😀 Cardano's approach to marketing is contrasted with other projects that spend millions on celebrity endorsements, arguing that Cardano's strategy of using funds for ecosystem development is more effective.
• 😀 Despite lower visibility, Cardano has a robust community that shares the same passion and dedication often associated with meme coins, but with serious project fundamentals.
• 😀 The speaker highlights the leadership of Charles Hoskinson, co-founder of both Ethereum and Cardano, as a key factor in Cardano's future success.
• 😀 The speaker maintains a strategy of dollar-cost averaging, continually acquiring ADA as they believe the price will rise significantly over time.

Q & A

Why does the speaker believe Cardano's native token, ADA, will not experience a drastic price drop like it did in 2021?

The speaker argues that despite the possibility of a pullback in ADA's price after the current bull market, it is unlikely to return to levels as low as 3 cents. They believe the fundamentals of Cardano, including its strong community and development, will prevent such a significant drop.

How does the speaker compare Cardano to Bitcoin and Ethereum in terms of future price growth?

The speaker acknowledges the past price increases of Bitcoin and Ethereum but emphasizes that, like Bitcoin's historical growth, Cardano has significant room for future price appreciation. They suggest that ADA could reach $10, with potential for further growth in the long term.

What is the speaker's opinion on the sustainability of Cardano compared to other blockchain projects?

The speaker believes Cardano is more sustainable than many other blockchain projects, noting its solid technological foundation and long-term vision. Unlike projects that might only last for a few market cycles, Cardano's focus on scalability, low gas fees, and strong community ensures its ongoing relevance.

What role does the community play in the success of Cardano, according to the speaker?

The speaker highlights that Cardano’s community is incredibly passionate and dedicated, which contributes to its success. While the project may not be as flashy or popular as Solana or Ethereum, its strong, supportive community gives it a solid foundation for future growth.

Why does the speaker choose not to sell all their ADA during the bull market?

The speaker does not plan to sell all of their ADA because they believe that despite price fluctuations, Cardano's long-term value will continue to grow. They prefer to hold onto their assets and continue dollar-cost averaging rather than selling entirely, even during market peaks.

What does the speaker think about the hype surrounding Ethereum compared to Cardano?

The speaker acknowledges Ethereum's success in the past but suggests that its reliance on high gas fees and scalability issues could hinder its future. In contrast, Cardano, with its innovative and cost-efficient solutions, offers better prospects for the future.

How does the speaker view the current Cardano ecosystem in terms of development and activity?

Despite criticisms that Cardano lacks activity, the speaker disagrees and points to the thousands of projects currently thriving on the platform. Cardano may not have the same attention-grabbing projects as other blockchains, but it is still making significant strides in the development of real-world applications.

What are some of the real-world achievements that Cardano has made, according to the speaker?

The speaker highlights several achievements, including the signing of the first legally enforceable smart contract in Argentina and the integration of Bitcoin liquidity through a bridge with Bitcoin OS. These milestones show that Cardano is making substantial, practical progress.

Why does the speaker believe that Cardano's market cap has room to grow?

The speaker points out that Cardano's market cap is currently much lower than Ethereum's all-time high, even if ADA were to reach $10. This leaves plenty of room for growth, as the market cap could still increase substantially without exceeding the valuation of Ethereum during its peak.

How does the speaker feel about the future of Cardano in the context of the ongoing bull market?

The speaker believes the bull market for altcoins, including ADA, is far from over and anticipates that Cardano will continue to prove itself. They expect ADA's price to rise significantly and remain optimistic about its long-term potential, especially in the next six months to a year.