Cardano shocked the crypto space by outperforming Bitcoin and Ethereum by 75% and 453%, respectively, in 2021. It has everything new-gen crypto folks want their blockchain to be, from consuming last power to being scalable. It is also faster and charges low fees. People are wondering if Cardano’s price will double soon.
And they have a good reason to believe it. In Late July, Cardano started to rally steadily and peaked for the first time in the last two months. Although the retrace happened quickly later, it was enough to make the crowd believe that Cardano would surpass the $1 mark soon.
Here are the 4 Reasons why we believe that Cardano’s Price will double
The Launch of Vasil Hard Fork Mainnet
Cardano devs really take the whole decentralized aspect too hard – constantly updating the blocks and transaction records to ensure that the control of the blockchain is disparate. It is important since the blockchain ecosystem is growing, and more outsiders are flooding in.
And whenever news of an update starts floating around, the crowd comes to CEX and DEX to rally ADA. It happened with the Mary Hard Fork event and now with the Vasil Hard Fork.
Named after the Bulgarian Scientist Vasil Dabov, this upgrade is a tribute to him, who once stood in support of Cardano and passed away recently. With the arrival of this upgrade, Cardano’s functionality will likely increase by tall order by increasing its network capacity and smart contracts programming.
Simply put, the new upgrade will streamline the app development process and will improve the general experience of the users of the ADA network. That will likely work wonders in improving the blockchain adoption rate – upper cutting the price even higher.
Now the launch isn’t here yet, but the latest update has made the crowd optimistic that it is coming soon. On that update, Input Output, the creator of Cardano, revealed that the upgrade will launch subject to the following conditions:
- The last node contender must build at least 75% of the mainnet blocks.
- The upgrade should be adaptable with 25 exchange platforms.
- The node version 1.35.3 should work with the Dapps developed on Cardano.
The update will be released as soon as the devs can reach these milestones. That said, we don’t know much about how near the devs are to these requirements. And perhaps that is the reason for Cardano’s recent plunge.
Consistent Updates in the Cardano Ecosystem
Cardano is an efficient system created to simplify the developer’s life by offering easy-to-use tools to develop applications. That is partly possible because of the research-driven and peer-reviewed updates by Cardano.
We mean that, unlike other blockchains, to throw blind updates as if trying to plug a hole or put a band-aid over an issue, Cardano takes a different approach. It weighs in on each and every update before launching. Even then, the updates it provides are consistent.
As a result, most Cardano updates have been a hit and have constantly updated the quality of the blockchain. Part of this reason is the devs understanding to approach the crypto tech carefully.
Development of the ecosystem
According to the Cardano devs, there are over 1,000 Dapps in development on the Cardano blockchain simultaneously. And because of the platform’s simplicity, that number is constantly increasing.
Conventional crypto techs would bring an onslaught of scalability issues, but not with Cardano. As the base architecture of that ecosystem has been built to scale with new blocks and apps, there is always room for more dapps to arrive.
Crypto Whales are Rallying behind it
Sometimes when you see that the intraday trading candle is way too long in the green, don’t think that there are numerous folks buying crypto. Such candlestick patterns appear because of whales – crypto millionaires or institutional investors who buy tokens in bulk in a single day.
Over the last two months alone, crypto whales have bought more than 100,000 ADA tokens. But creating buying pressure is not the only thing pushing Cardano’s price; it is also those holding the token to pump its value. Over 10 million tokens are part of the short squeeze – not being sold, pushing the price to reach even higher levels.
Tamadoge is Another Crypto about to Bring Massive Gains
While Cardano has enough faith in the crypto crowd to push its value to double within the next two months, another crypto has come to the scene, preparing to make 10x gains to early movers.
Known as Tamadoge, it is metaverse crypto that takes cues from memecoins such as Dogecoin but has a gaming utility.
Devs recently launched Tamadoge to the public as a beta-presale with the idea to start the general presale by 2nd September 2022. But the beta presale was a hit, and the target was met way ahead of its time, and now the general presale has already started. At the time of writing, the project has already raised upwards of $5.8 million.
Also, unlike other crypto presales that end up on DEX after completion of the presale, Tamadoge has its eyes set on the CEX listing. The team behind Tamadoge says that once 50% of the tokens are sold, TAMA will go on a centralized exchange with a high reputation.
But why is the crowd so bullish about Tamadoge? Here are the four reasons.
It has doge aesthetics and the marketability that comes with it. Rumors have already circulated that Elon Musk might be interested in Tamadoge.
Powerful Play-to-Earn Ecosystem
Tamadoge (TAMA) powers the play-2-earn ecosystem of the same name that rewards players based on skill-based gameplay.
The developers behind Tamadoge are also working to bring 3-D versions of Tamadoge Pets, the NFTs that reside in the ecosystem, to prepare for partnership with the existing metaverse.
There are also plans to launch a metaverse known as Tamaverse, where players can socialize and battle within a 3D environment with others.
It is easy to chalk these developments up to mere ambition, but our research suggests that the devs are already hard at work creating the games. Also, the project has been vetted by Solid Proof and CoinSniper, which is another way of saying that the project is more than just empty promises.
Watch the Crypto Development Closely
Cardano has recently seen many upticks, but there have also been many retraces. So, it is important to watch the markets closely before making any decision.
However, if you want to get in early on a project with the most potential, we suggest Tamadoge. The project has strong fundamentals and slowly inching toward its presale target. The project will likely sell 50% of its total token supply before the end of the year and list on a centralized exchange – pumping its price by 10x.
Tamadoge – Play to Earn Meme Coin
- Earn TAMA in Battles With Doge Pets
- Capped Supply of 2 Bn, Token Burn
- NFT-Based Metaverse Game
- Presale Live Now – tamadoge.io
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