Cardano price prediction in 2022 vs fast-growing altcoin EverGrow | marketrealtime.com


Cardano

Cardano got slammed by 53 fintech experts in a July 2022 price prediction.

The panel of industry specialists slashed their previous end-of-2022 prediction for the price of Cardano down to $0.63.

The recent ADA price in July of $0.5 gives ADA a forecasted of just 26% by the end of the year.

Back in January, these specialists gave Cardano a price prediction of $2.79.

So what changed?

Read on to see the reasons for and against buying Cardano this summer of 2022.

If you’d also like to learn about an altcoin primed for much greater ROI – EverGrow – then it’s all here for you below.

Let’s jump in.

Why did ADA get such a low price prediction?

The main bone of contention was this: ADA has competition.

Cardano is primarily a blockchain platform which means it’s up against immediate rivals like Avalanche, TRON, Polygon, Polkadot, Solana, BNB Chain, and Ethereum.

Ramani Ramachandran, CEO of Router Protocol, said that Cardano will either become the world’s most decentralised blockchain or it will become ‘nothing’.

“There will be no middle line,” he said.

Charles Silver, executive chairman for Permission.io, predicted ADA would fall to $0.20 by the end of 2022 saying there was ‘use case’ for Cardano.

Other panellists said that Cardano was slow in its delivery of updates and falling behind its rivals in terms of attracting projects and developers.

Why does Cardano have such a low TVL?

According to DeFi Llama, Ethereum is the clear blockchain leader with $52.37 billion in total volume locked (TVL).

Ethereum is followed by BNB Chain ($6.27 billion), TRON ($5.65 billion), Avalanche ($2.77 billion), Solana ($2.57 billion), Polygon ($1.76 billion), and Cronos ($1.22 billion).

So where’s Cardano?

Down in position 28 with just $125.56 million TVL.

This is an important indicator for blockchain networks because it’s an indication of how many projects, protocols and dApps exist on the platform.

Cardano was proud to hit over 1760 days without a network outage thanks to its scientific, rigorous approach to blockchain technology – Solana meanwhile had two whole outages in June alone.

However, while DeFi llama can find just 12 projects built on Cardano it lists 70 built on Solana.

How much would a $1,000 investment in Cardano make me in 2022 and 2025?

It depends at what price you buy Cardano in July 2022.

Cardano hit a low of $0.41 and reached a high of $0.54 in July so far.

Buying $1,000 of ADA at $0.41 gives you 2,439 ADA and buying $1,000 of ADA at $0.54 gives you 1,852 ADA.

Assuming these 53 experts are right the price of ADA will grow to $0.63 by the end of December 2022:

  • If you bought at the low-end, your ADA portfolio would be worth $1,540
  • If you bought at the high-end, your ADA portfolio would be worth $1,1270.

Evidently, buying Cardano when prices fall is key to a successful ADA investment this July 2022.

How much would a $1,000 investment in EverGrow make me in 2022 and 2025?

EverGrow is a small cap cryptocurrency ($90 million) with a price in July between $0.00000013 and $0.00000019.

But this is about to change – fast.

EverGrow is fast gaining popularity after it became the leading reflection token paying stablecoin passive income in crypto.

Here’s what you need to know:

  • EverGrow charges a 14% transaction tax
  • From this tax, 8% is redistributed as BUSD to all investors
  • Crypto passive from a transaction tax is more scalable and safer than DeFi lending protocols – e.g. Anchor Protocol, Celsius or Voyager – as there is no fixed APY
  • The point of EverGrow is not to look at the rising prices, but to earn your investment back in BUSD passive income while holding your $EGC position
  • Buying in before EverGrow explodes is a great way to lock in the most promising passive income token in crypto

Let’s look at the math.

The EverGrow website comes with a range of calculators built by dedicated followers to the project.

For example, the Sleek Finance calculator throws up the following scenario:

  • A $1,000 investment in EverGrow gets you around $EGC 7.5 billion in July
  • With daily trading volume at $3 million in 24 hours, you would earn $122 BUSD in a month and $1,478 in a year – i.e. a 48% return on investment without losing your underlying asset
  • But daily trading has the potential to explode past the 2022 peak of $12 million. If that held for a month, you could make $5,911 in BUSD passive income

How EverGrow aims to boost trading volume in a bear market

The potential for ROI from EverGrow is huge – but the daily trading volume needs to come in.

EverGrow is tackling this problem by developing a suite of applications that incentivise $EGC purchases and bring exposure to the project.

Here’s an overview of developments:

  • LunaSky. The first application to drop in the next few weeks is the LunaSky NFT marketplace. The marketplace is strategically built on the BNB Chain which allows minting fees to drop to as low as $0.20 and will challenge to become a top marketplace for NFTs.
  • Crator. The second application will be the world’s first crypto native content creation platform, allowing users to tip and pay for subscriptions in BUSD, BNB and EverGrow. The platform charges a commission of just 5% – much lower than the 20% of OnlyFans.
  • The Abstract. The third application will be launched into The Abstract – the world’s first cloud-streamed VR gaming arcade in development by the groundbreaking Objective Reality Studios in Ohio, United States. EverGrow will build a virtual bank, Crator and an NFT gallery and become the defacto native token of The Abstract.

But that’s not all.

Wouldn’t it be great to get a stake in these cutting-edge applications?

If you hold $EGC, you already do.

All profits from the applications will be put towards buyback and burn – to date, more than 53% of the initial $EGC supply has been permanently removed from circulation already.

EverGrow can do this because all core development members and the chairman only make a salary from BUSD rewards like every other investor. They don’t pump and dump, they publish their wallets regularly for audits, and they show investors the way towards crypto passive income.

Growth potential for small cap cryptocurrencies

Investing in small cap cryptocurrencies is a great strategy for explosive ROI.

Here’s another comparison.

For EverGrow to break the crypto top 50 it needs a market cap of $1 billion. That would mean a growth of 1,329% from current levels.

Imagine if Cardano grew that much?

The Cardano market cap would have to swell to $226 billion – i.e. overtaking Ethereum, Tether, USDC, BNB, BUSD and XRP.

That kind of growth is very unlikely to happen.

But a small cap cryptocurrency like EverGrow could easily bring such great ROI and still have room to keep on growing. In fact, EverGrow aims to break the top 20 cryptocurrencies by market cap within the next two years.

If you’re looking for a small cap cryptocurrency to bring you ROI beyond that which Cardano can bring, add some EverGrow to your crypto portfolio.



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