Cardano has a lot of good news: are you ready to invest in ADA?

[KryptoBull]

While the crypto market has been buzzing with macroeconomic news and the price surge of BTC, the Cardano Foundation has released its 2023 financial report ^[1]. Among the many items in the report, the most significant is that, besides utilizing the budget efficiently, the Cardano Foundation still holds nearly 480M USD in assets at the beginning of 2024. This fund can ensure the survival and development of Cardano for many years to come, meaning Cardano will not fail due to financial reasons like many other projects in the market.

In addition, Charles Hoskinson also announced that he will work with US lawmakers to help people better understand blockchain and crypto technology - something he has been doing very well for many years ^[2]. This could be an opportunity for Cardano to reach institutional investors, with forward-thinking businesses and with its careful, academic development, Cardano can easily meet most of their criteria.

In response to this positive news and taking advantage of the market's FOMO, ADA price quickly surged from 0.32 USD to 0.8 USD. Some investors are starting to notice ADA and regret missing the opportunity to accumulate ADA at prices below 0.45 USD. However, for me, ADA price is still in a bottom range, and opportunities for investors are still abundant. I believe that ADA price will rise strongly for the rest of 2024 and early 2025, similar to what happened in the previous season. I even believe that ADA can reach 10 USD by the second half of 2025.

I would like to know your opinion on this issue:

• Are you holding ADA? What % of your total portfolio assets does it represent?
• Do you think Cardano will make a comeback this season and ADA price will still grow extremely impressively?
• Are you ready to invest in ADA and what is your target for ADA in this uptrend?

References:
1. Cardano Foundation Launches 2023 Financial Insights Report
2. Charles Hoskinson shares new plans to ‘help foster' US crypto policies
Note:

• My opinion has been presented in a topic, on BitcoinTalk forum.
• This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
• This statement is to avoid accusations of plagiarism.

[erus]

1. I have never bought Cardano coins, so there are no real numbers in my portfolio for Cardano coins.
2. I have never seen Cardano go up and reach an all-time high before. So, I don't know whether Cardano will go up next month or year or not.
3. If I guess for Cardano coins, it could go up more than 100% but I'm not sure it will go up more than 200% because my assumption is because the supply of Cardano coins is very large, billions of coins in circulation.

My answer above is my real opinion and of course my answer will be different from the answers of other members. And if there are members who dare to invest in Cardano coins including OP, then good luck guys.

[MrSpasybo]

• Are you holding ADA? What % of your total portfolio assets does it represent?
• Do you think Cardano will make a comeback this season and ADA price will still grow extremely impressively?
• Are you ready to invest in ADA and what is your target for ADA in this uptrend?

1. I have ADA in my portfolio because Cardano has the well-known eUTXO technology, but it only accounts for about 4-5% of my portfolio value. I don't dare to risk more on this token even though I've started to make a profit.

2. With Cardano continuous development and positive news, I believe it will continue to attract users and investors, and ADA token may still create a new ATH, but it will face stiff competition from other Layer-1 native tokens in the market.

3. I have no plans to invest more in ADA, I am satisfied with the amount of ADA I currently hold. I hope ADA can create a new ATH around $6, which is double the 2021 ATH. Additionally, I will take profits on ADA when BTC shows signs of a reversal.

[target]

I have also watched YouTube channels telling it's audi nice that Cardano is working with Elon's spaceX and then some rumors working with government which I don't know if it's a positive news actually 😳

But the ones that is true so far and was confirmed by many users is that ADA is now available on Robin hood. And this allows US users to hold ADA from now on in buying ADA on Robinhood.

[MrSpasybo]

I have also watched YouTube channels telling it's audi nice that Cardano is working with Elon's spaceX and then some rumors working with government which I don't know if it's a positive news actually 😳

But the ones that is true so far and was confirmed by many users is that ADA is now available on Robin hood. And this allows US users to hold ADA from now on in buying ADA on Robinhood.

ADA was previously listed on Robinhood, and it was re-listed in early September when Robinhood was no longer concerned about ADA's token nature. This is one of many positive news about ADA that we can access but unfortunately, it wasn't used to pump the ADA price.

Cardano was created with a clear purpose to serve the needs of all users in the market, including retail, institutional, and government. Therefore, Cardano's approach to the government is also normal. I hope that Cardano will find the right direction for the value it is building.

[target]

I have also watched YouTube channels telling it's audi nice that Cardano is working with Elon's spaceX and then some rumors working with government which I don't know if it's a positive news actually 😳

But the ones that is true so far and was confirmed by many users is that ADA is now available on Robin hood. And this allows US users to hold ADA from now on in buying ADA on Robinhood.

ADA was previously listed on Robinhood, and it was re-listed in early September when Robinhood was no longer concerned about ADA's token nature. This is one of many positive news about ADA that we can access but unfortunately, it wasn't used to pump the ADA price.

Cardano was created with a clear purpose to serve the needs of all users in the market, including retail, institutional, and government. Therefore, Cardano's approach to the government is also normal. I hope that Cardano will find the right direction for the value it is building.

Let's say Cardano finds the right direction to build it's value,  how high could it go from 0.70$ right now?

What is interesting about ADA since time was that it maintains it's rank among the top 10 without having any developments and no stablecoin in their network. I happen to be an investor of WAVES which was also an L1 project. ADA could resulted to be just like that l object if it continues to be the same while new L1s comes like TON, MATIC and SUI.

[KryptoBull]

Let's say Cardano finds the right direction to build it's value,  how high could it go from 0.70$ right now?

What is interesting about ADA since time was that it maintains it's rank among the top 10 without having any developments and no stablecoin in their network. I happen to be an investor of WAVES which was also an L1 project. ADA could resulted to be just like that l object if it continues to be the same while new L1s comes like TON, MATIC and SUI.

Ada has had many important updates in 2024 such as Hydra for Layer-2 and Chang for governance. Ada is not Waves. Waves refused to develop to be satisfied with its technology and eventually it was rejected when not chosen by new project teams, while Ada is finding a way to reach enterprise users with high demands for blockchain.

Stablecoins are still an unsolved problem on Ada because it conflicts with the core values that Ada aims for related to security and decentralization. I am not sure if Ada has plans to release an upgrade to adapt, IOHK has not shared their views on this issue.

[target]

^
There really is a promising development of this project after seeing that Charless is possibly going to be a Crypto Advisor for the Trump government. This can be a catalyst for ADA.

It's just the stablecoin is making the price this low though. Itsnnot just Charles who is incharge but IOHK can decide for what will happen to ADA?

[libert19]

Voted no. I think there are better coins. Cardano has been in market for years, and it has seen zero traction in terms of people using this blockchain. Yes, it will rise, as everything does in bull market but that doesn't make it any better.

[target]

Voted no. I think there are better coins. Cardano has been in market for years, and it has seen zero traction in terms of people using this blockchain. Yes, it will rise, as everything does in bull market but that doesn't make it any better.

Right. Everything goes up in bull market I would have said it myself and maybe ADA is just like every other memecoin out there. It's been around for a long time and nothing happens to it's price it's ATH is just $3 base on the record.

I couldn't see adoption of ADA in the future actually because the wallet address is so much different from Ether.

[libert19]

Voted no. I think there are better coins. Cardano has been in market for years, and it has seen zero traction in terms of people using this blockchain. Yes, it will rise, as everything does in bull market but that doesn't make it any better.

Right. Everything goes up in bull market I would have said it myself and maybe ADA is just like every other memecoin out there. It's been around for a long time and nothing happens to it's price it's ATH is just $3 base on the record.

I couldn't see adoption of ADA in the future actually because the wallet address is so much different from Ether.

I don't think low adoption has anything to do with wallet address not being like Ethereum. TON, Solana has different addresses than Ethereum and yet they are successful.

[KryptoBull]

Voted no. I think there are better coins. Cardano has been in market for years, and it has seen zero traction in terms of people using this blockchain. Yes, it will rise, as everything does in bull market but that doesn't make it any better.

Thank you for your vote, we have the right to express our personal opinions about the market

We still have the uptrend to follow the development of Ada and the price fluctuations of the ADA token. I also cannot predict the future of ADA, so the prediction and then following becomes even more interesting. Ada has many good solutions and a large community, the rise of L1 and L2 in the market is also really impressive, competition will drive their development and users will benefit.

[target]

Voted no. I think there are better coins. Cardano has been in market for years, and it has seen zero traction in terms of people using this blockchain. Yes, it will rise, as everything does in bull market but that doesn't make it any better.

Right. Everything goes up in bull market I would have said it myself and maybe ADA is just like every other memecoin out there. It's been around for a long time and nothing happens to it's price it's ATH is just $3 base on the record.

I couldn't see adoption of ADA in the future actually because the wallet address is so much different from Ether.

I don't think low adoption has anything to do with wallet address not being like Ethereum. TON, Solana has different addresses than Ethereum and yet they are successful.

Ton has millions of users which was easy for them to make users participate in their finance network that even wallet address isn't derived from ether, the users cram into the network to invest. As for SOL I think the institutions that supported FTX back that SOL project.

ADA is going up though. Those investors must be determined to prove the negatives invite wrong. Any idea what was the NDA that Charles was talking about?

[KryptoBull]

Ton has millions of users which was easy for them to make users participate in their finance network that even wallet address isn't derived from ether, the users cram into the network to invest. As for SOL I think the institutions that supported FTX back that SOL project.

ADA is going up though. Those investors must be determined to prove the negatives invite wrong. Any idea what was the NDA that Charles was talking about?

EVM is a major force in the crypto market but it's not everything. There are many unique blockchains that are very successful in the market and their potential is not limited by scalability issues as they have extremely high speeds and extremely low transaction fees.

Sol and Ton are very popular but Ada is not a project to be forgotten, as evidenced by Ada's great success in both the 2017 and 2021 uptrends. Currently, Ada has many important updates in terms of technology and marketing success, ADA holders have every reason to continue holding to target in this uptrend.

[MrSpasybo]

EVM is a major force in the crypto market but it's not everything. There are many unique blockchains that are very successful in the market and their potential is not limited by scalability issues as they have extremely high speeds and extremely low transaction fees.

Sol and Ton are very popular but Ada is not a project to be forgotten, as evidenced by Ada's great success in both the 2017 and 2021 uptrends. Currently, Ada has many important updates in terms of technology and marketing success, ADA holders have every reason to continue holding to target in this uptrend.

I have been following the news about Cardano to find more reasons to continue holding ADA instead of allocating capital and profits to newer, more potential, more famous tokens with more significant funds backing them in the market, such as Solana or Sui.

For now, I still believe in the value that Cardano can bring to large organizations that require security and flexibility that only Cardano can provide. Other projects may be very interesting, but they have not yet been able to reach the level of security and academic rigor that Cardano has successfully achieved.