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How Many Cardano ADA to Be a Crypto Millionaire?
- Cardano's ($ADA) price has risen to $1.00, after a year of going sideways between 30 to 40 cents. Its all-time high (ATH) was $3.09 in September 2021. The CEO, Charles Hoskinson, is being considered for a US government role and Cardano might play a part in the US voting system.
- Cardano has a long-term focus on sustainable scalability and security with a scientific approach to building, which sets it apart from other projects. Recent upgrades are: Voltaire introduced decentralization, and Hydra introduced a scaling solution.
- Hoskinson is known for his controversial opinions, and is one of the original Ethereum founders. He is changing his approach to other chains and is looking for cooperation nowadays. Cardano is becoming a Bitcoin layer.
- Trump is considering a blockchain-based Federal voting system. Currently, Cardano and Hedera ($HBAR) are in pole position to get the contract, and Hoskinson himself is in talks with Trump. An advisory position in the new government is also on the table.
- The Cardano ETF rumor mill is working overtime. The Cardano DeFi sector is also doing well, with a TVL increase from $198M to $695M in one month.
- With $ADA's current price of $1, you need 1 million $ADA to be a millionaire. At the ATH of $3.09, you need 330,000 $ADA. If $ADA reaches $15, you need 66,666 $ADA which at the current price costs around $72,000.
- The information discussed by Altcoin Buzz is not financial advice, and any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
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