I am looking to add one more Crypto to my portfolio and thinking Cardano but wondering how high this can really go during the next bull run.
I am looking for a 10x minimum between now and bull run and the current price is £0.29 with a £10billion market cap - the chances of Cardano doing a 10x next bull run are likely right?
I do not know too much about Cardano just that it is current top 10 and many rave about it, would be good to hear thoughts on this both good and bad.
I'm indifferent to Cardano. I really think other chains are better investments at this point. Cardano already mooned and it has obsolete technology compared to Solana, Q Blockchain, and UTNP.
I don't know about all of those coins you referenced, but generally agree that Cardano technology wise is somewhat outdated. I still consider it to be "vapour-ware" as they say.
Ultimately it's been around for over 5 years and still struggles to become a popular or high-usage blockchain as far as I can tell. Also while it made new highs against the dollar in 2021, it notably failed to do so against Bitcoin, which leads me to believe it will simply become a coin to trade (from the lows to the highs and visa versa), as opposed to any form of long-term investment. In that sense, 2021 was the time for Cardano to prove how far it has come as a blockchain, and how much it has developed, but compared to other L