I don't really post much anymore as I am not actively trading. For this bull cycle I plan on just buying as much as I can now and riding it out for the next year.
Cardano is a long time favorite and I've been accumulating this one for a while. In July, Coinbase announced that Coinbase Custody would support Cardano staking. Around March 2021 Cardano plans on releasing Goguen which enables Smart Contracts and DApps to be made with the addition of expanding decentralization capabilities. Upon a successful release I expect Coinbase to announce that regular users will be able to buy and stake Cardano. At that point, I expect a retest of the previous high, $1.40, some time after. (Not saying ADA will get there but Tezos is a popular staking token on Coinbase and peaked at $4.44 back in August)
That, coupled with Bitcoin just getting started on this next cycle, is why I'm posting this today. If you want to make one buy and hold trade then Cardano is poised to perform well. You can also start staking as well and earn rewards.
Price Target: $1 by September
References
www.coindesk.com/coi...king-later-this-year
roadmap.cardano.org/en/goguen/
Cardano is a long time favorite and I've been accumulating this one for a while. In July, Coinbase announced that Coinbase Custody would support Cardano staking. Around March 2021 Cardano plans on releasing Goguen which enables Smart Contracts and DApps to be made with the addition of expanding decentralization capabilities. Upon a successful release I expect Coinbase to announce that regular users will be able to buy and stake Cardano. At that point, I expect a retest of the previous high, $1.40, some time after. (Not saying ADA will get there but Tezos is a popular staking token on Coinbase and peaked at $4.44 back in August)
That, coupled with Bitcoin just getting started on this next cycle, is why I'm posting this today. If you want to make one buy and hold trade then Cardano is poised to perform well. You can also start staking as well and earn rewards.
Price Target: $1 by September
References
www.coindesk.com/coi...king-later-this-year
roadmap.cardano.org/en/goguen/