How to Get Rich in the Next Bull Run: 4 Unmissable Reasons to Buy 1000 Cardano Now! | by Mike Coldman | Nov, 2023
Cryptocurrency Investment
Explore the top 4 reasons why investing in 1000 Cardano could lead to substantial profits during the upcoming cryptocurrency bull run
The ADA token from Cardano was one of the best cryptocurrencies during the 2017 Bull Run. Then, it followed up with an even better performance during the 2021 Bull Run. Many are wondering if Cardano can replicate this success for a third consecutive cycle. More specifically, is this the right time to buy Cardano’s ADA while prices are still low?
I don’t have an easy answer, but I do have a multitude of arguments for and against the Cardano project. I will share all my research with you in this article.
● Reason 1
Let’s start with an argument in favor of Cardano. If you don’t remember, Cardano was once considered a laughing stock in the world of cryptocurrency, often labeled a ghost town due to its lack of adoption. But this changed with the launch of smart contracts in 2021, and now their ecosystem is thriving.
Users no longer have to wait long for transactions to be confirmed, which demonstrates the activity on the Cardano network. They even had to increase the size of their blocks several times to better meet the demand. Look at these statistics: transactions have increased by 1,700% since January this year.
The average daily transactions for Cardano’s decentralized applications have increased for the third consecutive quarter. Cardano is leading the Layer 1 blockchains in terms of quarterly growth for TVL (Total Value Locked) in decentralized finance. There is also a stable coin market capitalization and an impressive level of growth on decentralized exchange platforms. It’s not surprising, as Cardano ranks third in developer activity according to a Sentiment report, so their ecosystem is far from dead.