I recently noticed that my neighbor Dan was wearing a hoodie with the words Crypto Capital Ventures spread across in large letters. I asked, “Are you into Crypto?” He then proceeded to tell me that he is a YouTuber with a 200k+ subscriber crypto channel. His channel is growing rather quickly. I noticed he gained 10,000 subscribers in the week I started watching his videos. Dan posts daily uploads on Bitcoin (BTC) and Cardano (ADA). He is extremely bullish on both, especially Cardano. Check out his channel here. This was not the first time I heard of Cardano. The first I heard of Cardano was on March 1st, 2021 when Andrei Jikh, another YouTuber, posted a video titled “Cardano to the Moon – What you MUST know“. It was at that point I decided I wanted to take the risk and invest in Cardano. At the time, Cardano was not available on Coinbase, but it was coming. I didn’t want to sign up with another crypto brokerage to buy Cardano so I waited until it was available to buy and sell through Coinbase. Getting to know my neighbor, the Cardano partnership with Ethiopia’s Ministry of Education, and their strategic partnership with Coti (another crypto) inspired me to buy Cardano. I ended up buying a small amount ($113) of ADA at a price of $1.22. Within 48 hours, the price shot up to $1.41 then stabilized around $1.36. When the price dipped to $1.28, I purchased an additional 300 ADA’s. As the news on Ethereum’s upgrade spread and Elon Musks’s SNL promotion of Dogecoin pumped the meme coin, the price of Cardano reached an all time high of $1.84. At the time of this post, the price is sitting at $1.76 and I have made about $200 in 2 weeks.
I was surprised that the price did not go up exponentially with the Cardano partnership news and I was surprised that there was little media coverage on the huge event benefiting all crypto’s. In addition, Cardano uses a proof of stake concept that solves the problem of energy usage and mining. When Ethereum just recently upgraded to proof of stake towards the end of April 2021, their price jumped 30%. Seeing this just helped me realize that Cardano is an underdog. With everyone’s focus on Ethereum and Bitcoin, Cardano is a wolf in sheep’s clothing that is quickly advancing and pushing for widespread adoption. I am speculating that Cardano will 2X by the end of the year with a potential to 10X within 5 years. If you would like to buy Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), or other crypto’s, consider joining Coinbase here. You get $10 in Bitcoin when you fund your account and buy your first crypto and you get the join the largest and most popular crypto brokerage.
For me, this is a long term investment. To pay less taxes, I try to hold my investments for at least 1 year. I hope to see my investment double within the next 12 months. As always, I will post periodic updates on the progress of my crypto investments. Subscribe here to stay up to date.
Affiliate Link Notice: This post contains affiliate links, which means I may earn a small commission at no additional cost to you if you decide to purchase or sign up for a product through my referral links. While you can sign up through any other means, it would help support the blog if you sign up through my links. Thanks.
