Amazing investment opportunities don’t come often, and even when they come, not many people are able to identify them easily. One such opportunity was bitcoin in 2010. At this point bitcoin was trading at pennies, and those who invested in it are multimillionaires today. However, most people didn’t invest in it then, because the concept was either too hard to understand, or it was just not cool enough. Those who invested in it could see the power of decentralized networks, and their ability to change the world economic paradigm. In case you missed bitcoin at that time, Cardano offers a second chance at life-changing profitability.
Like bitcoin in 2010 – 2011, there is nothing fancy about Cardano (ADA) at the moment. It is a work-in-progress, and the team behind it never hypes anything about the project. It’s not the kind of project that excites people looking to make a quick buck in crypto. To confirm this, just compare any interviews of Cardano’s figure heads such as Charles Hoskinson to those of other crypto founders. Cardano interviews are without a doubt the least exciting.
There are no punch-lines about what they have achieved, or the “extraordinary developments” they are about to unleash “soon”. The Cardano team simply gives technical updates about the project, and general talk about the future of blockchain technology, with no flare. This is the exact reason why a lot of people by-pass Cardano for other more fancy looking projects. On top of that, there is nothing fancy about its price at the moment either. It has been dropping for the last 8 months and has lost over 90% of its value.
However, this is the very reason why so many people will miss out a great deal in the future. For those who can grasp the magnitude of what Cardano is looking to achieve, this is the perfect time to invest. One just needs to look at the project roadmap to see that it has a bright future ahead of it. Cardano is a project built with practicality in mind. For instance, to avoid the pitfalls of the Proof-of-Work algorithm, Cardano makes use a revolutionary Proof-of-Stake algorithm known as Ouroboros. This is a peer-reviewed algorithm and has been scientifically proven to be secure, scalable, and maintains true decentralization. This is revolutionary and will without a doubt change the rate of adoption of blockchain technology, since scalability is the biggest bottleneck to the adoption of blockchain technology.
Bitcoin introduced decentralization to the world, but it is Cardano that will push this technology into real-world use. This will not happen instantly though. Most aspects of Cardano are still under development and will take time to be actualized. This makes the project quite unattractive to most investors looking for instant returns. But for those who can see the vision, the Cardano project will turn out to be a gem, just like it was in 2010 for those who could see the idea of bitcoin from afar.