Cardano ($ADA) influencer “ADA whale” (“cardano whale” on Twitter) revealed on Tuesday, 7 February 2023, why, in his opinion, $ADA is the ideal cryptocurrency to invest in for long-term development.
Yesterday, “ADA Whale” informed his over 126K Twitter followers that despite the fact that people are looking at small-cap cryptocurrencies to discover “the next 100x” currency, they neglect $ADA because of its enormous market size and limited upside.
According to him, this market size is just 3% to 7% of that of $BTC and $ETH, and $ADA is “the only currency seeing comparable growth and cycles,” making it “the most apparent trade” at the moment.
Additionally, he noted that “there are certainly small caps with greater potential than ADA.” Nonetheless, he asserts that investing in them is comparable to “playing Russian roulette.” In addition, he emphasized the need to not lose sight of the fact that those “few networks” that are “on a BTC-like organic development trajectory” are likely “the safest options.”
According to data from TradingView, Year-to-date $ADA has risen from $0.2456 to $0.3974, representing a gain of 61.80% (vs. USD).
Also Read: Former Ripple CTO’s content-monetization network Coil to be terminated
