BitBoy Crypto: Cardano is going to crush it in 2021. It sits at #6 on the rankings, but should soon pass XRP since we all know it’s going backwards due to the SEC lawsuits against it.
The top 2 coins Bitcoin and Ethereum, have recently set all time highs. We saw Ethereum go from $300 to $1,700 in just a few months. And we haven’t even got to the silly part of this Crypto bull run yet.
Cardano hasn’t hit it’s all time highs yet. In fact it needs a 200% move to get there. That’s a 3x for you Monday Morning quarterbacks keeping score at home. The question is not if Cardano can reach all time highs? It’s when. And how high is the ceiling.
Ben had Charles Hoskinson, founder of Cardano and co-founder of Ethereum on his live stream on February 4th and believe strongly in key areas Cardano is coming up wit to drive up the price. Fundamentals, Technicals and Technological.
Grayscale Investments, a subsidiary of Barry Silbert’s VC company, has added Cardano to it’s six new trust.
Cardano price is back in the green after breaking through a crucial resistance barrier. $ADA is up 26.44% in the last 24 hours adding credence to the macro-bullish perspective.
On-chain metrics confirm that whales are back in the network.
Mary, one of the two hard forks set to transition Cardano from Shelley to Goguen, took place on February 3rd at 20:00 UTC. The long-anticipated hard fork will finally bring native asset support to Cardano, a move that will unlock decentralized finance on the network and could help push prices higher.
Ben says he is very bullish on Ethereum right now more than Cardano not because of the technology but institutional investors looking at ETH and believes he will have the same feeling for ADA when the next bull cycle starts kn 2024. However Ben says Cardano will pick out in $9 in the current bull run which is about 17x from the current price.
This episode premiered February 5, 2021