Cardano Price Forcast - Can ADA Hold at $0.41 Today?
Peer-reviewed blockchain network, Cardano, is one of the crypto market’s strong performers. The smart contract network has retained several investors’ interest and currently ranks as one of the top 10 most valuable blockchain projects.
Meanwhile, Cardano’s utility token, ADA, has regained the $0.41 price peg in the past 24 hours. Can it retain this current value? What crypto investments have the potential for a 50x return in the closing months of 2022?
ADA Price and Cardano’s Journey
2022 has been a rollercoaster season for all cryptocurrencies, including ADA. the digital asset has since toppled from its 2021 high of $3.10 and hit a 52-week low of $0.33 in the current crypto winter. However, things are gradually picking up, and the network token is back above the 40-cent mark.
At press time, ADA is trading at $0.41, an uptrend of 5.83% in the past day. The digital asset’s sustained growth has been thanks to its much-anticipated blockchain protocol.
Cardano recently completed its Alonzo hardfork, bringing more scalability to the popular Ethereum killer. With much to be done, the principal founder, Charles Hoskinson, has announced the Age of Voltaire, a digital event from November 18 to 19.
Voltaire is the last of the five phases of development and would principally see the Cardano blockchain become fully operational. It would introduce governance, allowing its ADA token holders to participate in the network events and vote on proposals fully.
Despite its huge potential, ADA has a growth ceiling due to its already ballooned market cap. However, the following new crypto projects could be the ideal candidates for a 50x return for value-focused investors.
Welcome D2T, IMPT, and RIA
The crypto market is adding more projects daily, but none has generated the amount of buzz this trio has:
Dash 2 Trade (D2T)
The first crypto asset prime for a 50x price pump is D2T, which powers the Dash 2 Trade project.
Launched in the second half of 2022, Dash 2 Trade is a concept from the hugely popular trading signal firm Learn 2 Trade. The platform focuses on providing market-driven insights to aid investors in making informed decisions. It offers trading signals, social analytics, and even market sentiment analysis to streamline the trading experience further.
According to the development team, Dash 2 Trade aims to be the Bloomberg trading terminal for cryptocurrencies. The platform also offers automation and backtesting tools, which automate trading processes while test-running all trading strategies for optimized performance.
Dash 2 Trade features a notification service informing investors on all new coin listings on centralized exchanges, giving them an insider privilege only reserved for elite investors.
With so much potential, no wonder D2 T’s presale figures have been staggering. So far, the digital currency has already locked in $4.7 million plus in its second presale round.
Impact Project (IMPT)
Another top-charting digital asset is IMPT, powering Impact Project. With several companies paying lip service to the growing climate condition, Impact Project is taking a bold step to open up the market for anyone to participate.
The blockchain project breaks the gated fences and allows users to buy carbon credits to cut greenhouse emissions. The platform’s use of blockchain tech means there is zero chance for fraud and double counting.
Generic integration of non-fungible tokens (NFTs) is the most impressive feature, and users can burn their carbon credits on Impact Project and mint them as NFTs. This serves as their badge or digital ownership to track their carbon-reducing activities.
With NFTs generating so much buzz, IMPT is one to watch for the future.
IMPT is currently on presale and has already clocked in $12 million in presale, pointing to strong investor interest.
Rounding up our list of 50x potential projects is the digital collectible card game, Calvaria: Duels of Eternity. A direct rival of online strategy games like Gods Unchained, Calvaria brings so much to the table.
Calvaria features a story mode targeted at making the card game more engaging and fun. Each card is an NFT, with the rarest of them commanding high value.
Calvaria’s mission is to create ambassadors that unite the real world and crypto ecosystem. To do this, it offers free-to-play (F2P) and play-to-earn (P2E) modes. The F2P mode does not have crypto-related utilities and allows users to enjoy their card game. Meanwhile, users can access physical goods and services as well as enjoy scholarship opportunities as well.
With its P2E mode, users earn RIA tokens when they play. They can upgrade their NFTs, gain royalty payments or commissions on the resale of their NFTs on secondary marketplaces, and do so much more.
RIA is also in its presale, and investors can buy 40 $RIA for 1 USDT. The digital currency has raised $1.3 million, despite being less than two months old.