The crypto market is doing great, and besides the booming prices, there are also various projects that keep marking all kinds of achievements.
Cardano is definitely one of them and the project nad been in the spotlight for quite a while now, due to various successes and bold plans for the future.
There are also some pretty bullish price predictions for the coin, and we’ll address a recent one below.
Cardano’s ADA to hit $21 next year?
At the moment of writing this article, ADA Is trading in the red, and the coin is priced at $0.158708.
Check out this new price prediction for the digital asset.
#Cardano to $21 in 2021? Looking back at ETHs run up in 2017 it’s certainly possible, and a nice number! If $ada performs HALF as well as ETH did we are looking at a $10 ADA price, even a QUARTER as well puts us at over $5. DON’T SELL TOO SOON. DON’T SELL ALL. Plus… pic.twitter.com/4wqJ30NBrA
— CardanoBuzz (SOON🔴) (@CardanoBuzz) December 1, 2020
The same Twitter account posted this: “should ETH 2.0 be massively delayed, a complete failure or projects flock to Cardano in droves – even these numbers could be conservative. Stay frosty people! Whatever happens, we are in for one hell of a ride in 2021! BUZZ.”
Someone responded: “Look, I want this to happen so bad, but I just don’t see it being possible. Not looking at price, I’m looking at mcap. Where should all of this money come from? Certainly not from retail investors. Overall interest is still low (look at Google trends) and institutional investors.”
Anyway, we suggest that you check out the complete thread.
IOHK reveals new blog post
In other recent news, IOHK is making headlines again after dropping an exciting announcement on their social media account. Check out their tweet below.
NEW BLOG: High engagement & low leverage; the principles at the heart of #Cardano’s #ADA rewards system. In this foundational piece, Chief Scientist @sol3gga outlines the choices made in designing Cardano’s scheme and compares it to other protocols https://t.co/UBL8mMYLL5
— Input Output (@InputOutputHK) November 30, 2020
Stay tuned for more exciting news.