Cardano (ADA) has not gained much coverage from mainstream media due to other trending topics taking over in 2021.
However, 2022 will be ADA’s biggest year yet.
There’s a lot going on with Cardano and I’m going to break it all down for you in this article.
At the end you will have a clear head to whether ADA crypto could be the right investment for you.
Welcome to Franknez.com – today I’m taking you deep into ADA, what it is, how it works and why 2022 will be a hot year for the cryptocurrency.
Let’s get started!
If there’s another cryptocurrency you think I should dive deep into be sure to leave a comment below at the end of the article.
What is Cardano? What does it do?
Cardano is a blockchain and smart contracts platform with a cryptocurrency called ADA.
The Cardano blockchain was created by co-Founder of Ethereum’s proof-of-work (PoW) Charles Hoskinson, as a more efficient alternative to its counterparty.
Cardano is a third generation, decentralized proof-of-stake (PoS) block chain platform, which is basically an update from PoW enabling better costs, uses energy more efficiently, and speeds up transaction times.
Charles began developing Cardano and its primary cryptocurrency, ADA, in 2015 and launched both in 2017.
At inception, ADA’s price was only $0.11 per token, ADA’s current price is around $1.05 but has reached ATHs of more than $2.
Where will ADA price be this decade?
Keep reading to find out.
But first, why is Cardano trusted?
ADA runs on the proof-of-stake Ouroboros consensus protocol, where developments are informed by scholarly academic research.
What makes Ouroboros accelerating is that it is highly scalable and sustainably secure.
Not only is it the foundation of ADA, but of a blockchain-built future as well.
“At the heart of Ouroboros is the concept of infinity”
Cardano.org
I’m going to get more into all the innovative things ADA will be providing society with because of this technology down below.
But in short, this third-generation tech is much more advanced than that of Bitcoin and Ethereum, again, more on that below.
As society begins to step into the Metaverse, this is where we’re going to see ADA truly shine with its capabilities in blockchain technology.
ADA is technically still in development
There’s a roadmap to Cardano’s incredible madness.
This is why early adopters are getting in on ADA now before it reaches the fourth era.
Because ADA is a leader in its PoS segment, more on that below, scalability will mean you will no longer be able to invest in the cryptocurrency at this price ever again.
Let’s dive in a little deeper.
What era of Cardano are we in?
There are 5 eras of Cardano’s development.
- Byron
- Shelley
- Goguen
- Basho
- Voltaire
Thy Bryon era was ADA’s foundation, Shelley was the decentralization step, and Goguen is smart contracts, the era of Cardano’s development we’re currently in.
However, we’re slowing going to begin to see a transition towards the Basho era very soon, the era of scalability.
This is where Cardano will be creating side blockchains to extend capabilities and catering to higher volume transactions.
Here we’ll see ADA’s price really begin to pick up momentum.
And finally, we have the Voltaire era.
This is the final stage in ADA’s development where Cardano will be introducing a treasury system and where network participants will be able to vote on the future developments of Cardano.
During this Era Cardano will be a leader in the crypto world as it already has the technology over Bitcoin and Ethereum.
How will Cardano change the world?
Cardano is currently what Bitcoin was to the world when it was worth only $1 per token.
Bitcoin introduced its PoW technology to the world and created a new form of transacting.
Ethereum then used the same PoW technology.
Cardano on the other hand is using a much more advanced version of transacting through staking (PoS).
You can stake your cryptocurrency with Cardano, essentially earning you interest on your cryptocurrency.
How much can you make staking Cardano?
Currently, 4.60%.
Using Ouroboros, Cardano has is able to securely, sustainably, and ethically scale up to 4 million times the energy of Bitcoin.
In real world, it will change how much more efficiently and effectively businesses make transactions and will play a massive part in the creation of NFTs and avatars in the metaverse.
Cardano and NFTs
NFTs are changing the world as we know it.
Cardano has several awesome NFT projects with many still being highly anticipated for by collectors and artists alike.
With Cardano’s NFT marketplace, gamers also now have an array of NFT gaming solutions.
The NFT gaming marketplace offers the gamer ownership of the in-game assets.
Literal ownership of a block in a game!
This isn’t your standard gaming process; you literally own technology though this creative way of using blockchain technology.
This new generation of mankind will be owners of technology and crypto, creating a new marketplace of bargaining, appreciation, trading, and investing.
Cardano is leading one of the most advanced and innovative ways to use blockchain technology.
As the metaverse is introduced to society, ADA will be a leader in cultivating that process.
And with the proper systems in place, Cardano will be able to handle scalability perfectly.
Thus, entering the Basho era of development.
Cardano Price Predictions
Most price predictions you see on the internet by mainstream finance platforms fail to recognize the massive impact Cardano will have on society at a macro scale.
As the metaverse continues to unfold this decade, Cardano’s prices will eventually level up to Ethereum prices.
The reason being is that ADA has a fixed supply of 45 billion tokens.
When you take into consideration how cheap ADA is at the moment, as metaverse begins to take over, investors and businesses are going to flock to Cardano’s leading technology and crypto.
And because it is fixed, like Bitcoin, a surge in demand is going to create incredible growth in the next few decades.
Where will ADA price be in 2022?
Founder Charles Hoskinson is predicting Cardano will skyrocket to $20 per token in 2022.
If ADA reaches $20 per token this year, investors will nearly 20x their investments from today’s current crypto price.
Before we know it, investors and traders alike will ask themselves how they missed this.
ADA is not a short-term play although it has much short-term growth capabilities.
You’ll want to hold Cardano long-term for appreciation as it goes through new eras of its development and use in the real-world and metaverse.
Can ADA reach Bitcoin numbers?
Taking into consideration the incredible scalability metrics ADA has through its blockchain, reaching Bitcoin numbers is certainly not impossible.
This of course would take time, but the cryptocurrency is scarce meaning supply and demand can take the price to unprecedented numbers.
Cardano is a sleeper crypto waiting to be awoken by not only investors, but by the technology and companies that will need it very soon.
Is Cardano (ADA) a buy?
Cardano is most certainly a buy if you’re looking at its long-term appreciation, scalability, and contribution to society in a blockchain and crypto-innovative world.
It’s hard to imagine that Bitcoin and Ethereum were also once trading at ADA’s current token price.
What is the difference between first and second generation blockchain and third generation blockchain?
The third generation blockchain such as Cardano has higher scalability, higher transaction speeds, and consumes less energy unlike the first and second generations, such as Bitcoin and Ethereum.
ADA’s current price is only a time stamp of where Bitcoin and Ethereum once were in our timelines as well.
Where can I buy Cardano (ADA)?
You can buy Cardano through a variety of platforms, but I personally use Coinbase because it’s secure and very easy to use.
ADA is sitting triumphally amongst the top 10 most popular cryptocurrencies in the crypto market.
It’s yielded investors a whopping 7,330.54% return since its inception in late 2017.
What I find incredible is that this is only the beginning for ADA.
If you could go back in time today and secure Bitcoin or Ethereum at $1, would you?
I have a feeling ADA is that opportunity again.
The latest Cardano news of 2022
Lastly, I want to share with you this incredible video covered by Max Maher on the latest Cardano news for 2022.
This video is going to further provide you with value on Cardano’s journey for the new year.
Overall, the sentiment behind ADA’s future is very bullish.
Be sure to bookmark this article for new updates or follow me on my social media platforms below for new content.
What are your thoughts on ADA?
Leave a comment below.
Do you hold the cryptocurrency?
And if so, what about its future excites you?
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About The Author
I believe in Cardano as a project, but with a supply of 45 billion compared to Eth supply of 100 millon thats a big leap to get to equal value per coin.
I agree it is a big leap.