‘ADA Whale’ Explains Why Cardano ($ADA) Is ‘The Most Obvious Play of All’
On Tuesday (7 February 2023), highly popular and respected pseudonymous Cardano ($ADA) influencer “ADA whale” (“cardano_whale” on Twitter) explained why he believes that $ADA is the best cryptoasset to invest in for long-term growth.
Yesterday, “ADA Whale” told his over 126K Twitter followers that although there are people looking at small-cap altcoins to find “the next 100x” coin, they ignore $ADA since they think that it has limited upside due to its large market cap. He says that this market cap is only 3% to 7% of that of $BTC and $ETH and that $ADA is “the only coin going through similar growth and cycles”, and therefore is in his opinion “the most obvious play of all” right now.
He also acknowledged that it is true that “there are definitely small caps with higher upside than ADA.” However, he says that investing in those is like “playing Russian roulette.” He went on to say that it is also important not to lose sight of the fact that those”few networks” that are “on an organic BTC-like growth trajectory” are probably “the safest bets.”
According to data from TradingView, in the year-to-date period, $ADA has gone from $0.2456 to $0.3974, which is a gain of 61.80% (vs USD):
Earlier today, “ADA Whale” commented on Cardano’s latest DeFi play:
On 26 January 2023, he had this to say about Liqwid:
“The launch of @liqwidfinance is momentous for Cardano. Looking at our trajectory, if we think of 2021-22 as years of dilution (as we had our own mini ICO boom and money left the system), we’re now entering an era of intra-Cardano leverage that imo will lead to a value explosion…
“Don’t get triggered by the word leverage lol. Not suggesting we all go full degen, I’m just saying that pretty much the opposite of 21-22 is imo about to happen as 1) value stays within the system and 2) it gets (like in all other crypto ecosystems) a way to multiply itself“
Featured Image via Unsplash
Source: Read Full Article