Cardano (ADA) has been one of the biggest gainers in the last 48-hours. Yesterday, it shot up by over 10% on news that Ledger had finally integrated Cardano into the Nano S. This goes to show that there is a lot of excitement around Cardano. There are so many investors holding Cardano and were waiting for Ledger integration in order to store their ADA in cold storage. However, this is just the beginning. There is so much good news ahead for ADA that it could be headed much higher in the coming months. There are several factors that support this assertion.
One of the factors that will give Cardano momentum in Q2 is Shelley. Shelley is much bigger than Ledger integration in terms of market expectation, and for good reason. Shelley will make Cardano fully decentralized and allow for staking.
While the whole essence of staking is to protect the Cardano network, most people are looking to staking as a way to earn a passive income. This means that once staking is announced, a huge number of people will be buying ADA for the opportunity to earn a passive income. This will add to the overall momentum of Cardano going into the foreseeable future. In fact, the moment Cardano staking is announced, the buying pressure it will attract could easily see it rise to its all-time highs, within Q2.
The Shelley release also opens up other avenues for FOMO into Cardano (ADA). For instance, once staking becomes a thing, more exchanges will be moving to list ADA too, and it will become more attractive to institutional players. For instance, a Coinbase listing is most likely coming up in Q2. While Coinbase is not that important anymore, it still has a speculative influence, especially for a crypto that is already making huge moves in terms of development like Cardano.
Still on new avenues for FOMO, Cardano is among the cryptos that have been listed for trading by the ICE. Essentially this means that, Cardano is well-positioned to attract the Wall Street money that will come through the ICE, and this will play a huge role in its demand and supply dynamics. With Wall Street in the picture, it is not hard to picture a $1 Cardano within 2019.
Long term, Cardano could be headed into the double digits. Charles Hoskinson once said that they are building a trillion dollar crypto, and this is already taking shape. This is a crypto that has overcome all the scaling and energy problems of Proof-of-Work through its revolutionary Ouroboros Proof-of-Stake algorithm. The moment Dapps start moving to Cardano for its scalability, they will come in droves. That’s because, they get security, scalability, decentralization and cost efficiency.
For investors, this is a perfect time to be invested in ADA. At the moment, it is trading at $0.06. For anyone getting in now, even if it goes back to a $1, the payoff would be huge. This is a crypto that will make millionaires out of ordinary folk.