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Hello everyone and welcome to the best Crypto Channel ever! We are going to try our best to give you the most important news and novelty regarding Crypto!! Please follow us, we will be uploading daily! Subscribe to our channel and do not miss out! The cryptocurrency Cardano was almost worthless for less then a year. For almost all 2020 this cryptocurrency was sold for less than an 0.05 dollars. This was changed just in one month, the last month of 2020, where this currency increased its purchase volume. Bitcoin, Cardano and some other cryptocurrency rise a lot in February this year. Today we are going to speak about Cardano and about its way “to the moon”. We are going to explain how this crypto went from zero to hero and what amount of Cardano you need to become rich and to increase your portfolio. So, most of the updates are going to be Cardano related. The price of Cardano, as you might know, is determined by the biggest currency out there – Bitcoin. Other cryptocurrencies are playing role as well, but to a lesser degree. If you are interested in investing in Cardano you will have to pay attention to the news on an hourly base. As you might know, Elon Musk tweets about crypto a lot, and his tweets about Dogecoin are making changes on the market. His followers also are increasing, because he started talking about crypto a lot. He is trying to move the value of Doge even higher with his social media activity. If you are investor you would have to follow the activities and thoughts of this so called “big shots” in the finance world. For example recently the creator of Cardano had a diner with the influential governor from Wyoming, Mark Gordon. Edward Seidel, president of the Wyoming University, was among the guests of this dinner. And this was revealed on Twitter by the founder of Cardano. That is why we said that you should always follow the news and actions of the big shots. This meeting was a reason to a significant growth of Cardano. This coin currently is trading for 1.492 dollars and it went up just recently. The highest price of this coin was 1.779 dollars. This particular tweet resulted with higher price of the Cardano, but not only that, it also drew the attention to the Binance Exchange CEO, Changpeng Zhao. After this tweet the CEO of Binance responded himself: The more of these kind of gatherings there are, the stronger the crypto industry’s interaction with regulators and policymakers would be. Cardanos token is called ADA and at the moment is the fifth most valuable cryptocurrency with market cap of around 50 billion dollars. Cardano blockhain works on POS technology and it was created with a great vision for the future. The most popular platform CoinMarketCap.com is describing Cardano as idealistic cryptocurrency. It is proof of stake blockchain network with a goal to empower change makers, innovators and people with vision for the future. The long term goal to Cardano is to make lasting social change. Cardano is the third generation technology which is build on a peer – reviewed theory and has its own reliable science behind it. The coin uses the proof of stake as a consensus process to get the same level of authentication as the Bitcoin , which is the first generation of cryptocurrency. And just to have in mind that a way of blockchain secures its network and data is by a consensus process. And another way for doing this consensus is by delegated proof of stake or DPOS. There are lot of similarities in DPOS and POS (proof of stake). To do its job all are depended on a on – chain resources or as called – stake in the system. Cardano is not using the off – chain resources or so called hashing power like the case of Bitcoin is. Most of the media that are seriously investigating the crypto market are saying that recently we saw a bullish market from a alt coins that has no serious technology and future behind. Those were some irrational spikes at the market. We are going to mention the Dogecoin and Ethereum Classic. Both of these coins saw their all time high at May 7th. They were using known names to fill the huge cap between Bitcoin and altcoins. Founder of Masari, Ryan Selkis told CNBC that this big spike of Dogecoin is very similar, and has no much difference from the case of Gamestop that we witnessed recently. Nonetheless Game Stop is real business it became some kind of meme with the moves that were done online by its trading audience. What is interesting is the share of Bitcoin in all the market cap. First time this year Bitcoin fall below 45 percent of the market share. Price outlook and predictions. Cardano’s rising path was broking at 1.7875. This might indicate momentum and if closed above this stage it certainly will draw momentum. But if the price went down from that point may be a good indicator of a false breakout. After this we could expect that Cardano can go even dipper or somewhere on its midpoint. That would be the value of 1.36 dollars. Most of the recent events are indicating that Cardano will have a bright future, price wise. This false breakout might go a little bit below the price of 1.4 dollars, but that is going to be its stopping point. If there is drop below 1.3 dollars opens space for the trades with higher risk profile to keep its Cardano. Recently, at the beginning of this month according the Coin Telegraph Market Pro and Trading View ADA crossed the mark of 1.70 dollars. As we were able to see ADE rose really high in the past couple of weeks going from bellow a dollar to this impressive almost 2 dollars. And we can see that most of the not so popular alt coins are trying to do the same, but they are not as near as the success of Cardano. This race between the Bitcoin going down and Cardano going up, most of the analysts are predicting that Cardano is attacking the five dollars range. Famos trader Scott Melker said one concern about ADA. The thing I don’t like about ADA is that there were a lot of volumes and now there is not, said Scott Melker. He said that the chart of ADA and USD for now is looking good but for now, according to his opinion, it is best for the ones that are planning to trade on long terms instead the ones that trade on short terms. Against Bitcoin we saw all time high of the Cardanos ADA. What is characteristic for the most of the altcoins now is that they cannot withstand the continuous success against the US dollar. Lets see how thigs stand against some coins. In January 2018 ADA/Bitcoin was 0.000071 BTC and now it is 0.00003 BTC. On the other hand Cardano was trading on the 1.79 dollars and in that period of time we could see a rise for over 10% a day in comparison to the dollar. Cardano market cap was around 57.462 billion dollars or 2.28% of the all crypto market. That is a quite a share of the market. This was due to the recent rise of Cardano. Now Cardano is trading at 1.506 and it is at the fifth position at the moment but almost the same market cap with the famous BNB or the Binance’s altcoin. Since Binance is pushing a lot its coin we cannot say that this is some kind of fair competition but nonetheless that is the actual position of Cardano and others. The market cap of cardan oat the moment is around 47.971 billion dollars and it went a little bit down after the bearish market in the past couple of days. It was not a bearish for Cardano only it was characteristic for the market In whole. But the previous week we were able to see a increase for about 37% of Cardano. And the combine value of all cryptocurrencies for Cardano was around 3.7%. In the last seven days Cardano was traded on average for 1.649 and its 7 days high was 2.121 and its low was 1.123 dollars. Its all time high was touched this past seven days and that was 2.121 dollars. As we saw so far this coin has the potential to grow and consequently to make you rich depending on your investment. All the profits are depended on your potential for investment and the strength for risk taking, as it is in any business. In our opinion an investment from around 100 to a 1000 ADA token can be a really good investment and can have a return in near future and lets put it simple – you can really earn some money. If you are really optimistic and if you believe in ADA and decide to hold the tokens you might even go further in your investment return and getting profit. Always keep in mind that you should diversify your investment, especially if you don’t have too much money too invest in. I’m sure that you have heard the saying – don’t put all your eggs in one basket. Is ADA a good investment? None can tell you how much one altcoin is worth or what might happen in future. None can tell you that with a 100% certainty, but there are some thoughts that often times come true. Most of the reviewers are suggesting not to sell Cardano, if you posses any. The momentum of Cardano is showing that it has no signs of slowing down. Overall most of the market movements suggesting that Cardano is going on heavy bullish and it is one of the couple of good investments out there. We are not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, trade, or invest in any asset based on what we say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice, and we are in no way liable for any losses incurred. Thank you for watching our video! Please subscribe to our channel! We wish you a good luck!