Several Cardano community members are holding on to ADA tight. Cardano Markets are accessible via spot, perpetual, and futures.
At the time of writing, the market cap was at $53,687,562,123, and the fully diluted market cap was at $75,619,651,241. The circulating supply was at 31.95B ADA, which is nearly 71% of the supply. The 24 hour volume was at $6,292,474,762.
By new partnerships, DeFi and NFTs are coming to Cardano. It is well known that Cardano does not have smart contracts yet. However, “Together, the two blockchain leaders will explore development synergies within the growing NFT market for Cardano, a proof-of-stake blockchain platform, to enhance DeFi capabilities and bring high-quality projects through the OccamRazer launchpad and the Bondly Launchpad.”
Crypto analyst Benjamin Cowen, when talking about ADA, stated, “Going back to ADA, I see this as still a long-term play. Now, buying ADA at $1.37 is much riskier than buying it at $0.02… but in the grand scheme of the cycle, I do think ADA has a ways to go. I don’t think 1.37 is the market cycle top by any means. Market cycle tops don’t look like this.”
Further stated, “I think in the grand scheme of the market cycle, I think it’s going to go much higher than where it currently is. If I had to throw a ballpark number out there, I would say somewhere between like $5 to $10 is my guess… If I’m wrong because it goes higher than $10, that’s something I don’t mind being wrong about. “
Investors need not take these numbers as investment advice; however, this can serve to be food for thought for those who can further their analysis from these numbers and opinions.
Cardano has indeed traveled far away from its well-sustained Rank 5. Looking at their real-time use cases and mission and vision activities, it is obvious, they are about, real-world, real people, and real results. They have a grand mission for mankind. Work is underway, and they are sure to come up at the top.
Trends will change when the Doge limelight is over. Sometimes, it is not the holiday season and meme season round the year. When the fun subsides and people get back to real work, Doge might not hold itself up in the ladder. The festivity will soon fade down. Several other cryptocurrencies are not in the spotlight likely to break out. And, investors do not want to miss it either.
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