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Cardano (ADA) Price Prediction • Benzinga





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Cardano (ADA) has been one of the best performing cryptocurrencies of 2021. Cardano recently shattered all-time highs and cemented itself as the 3rd largest crypto asset by market cap at a price of around $3. Japan has also recently given Cardano the green light to be listed on exchanges, opening it up to the 3rd largest economy in the world.

September 2021 is the scheduled implementation of smart contract functionality on Cardano. The introduction of smart contracts will allow Cardano to become a player in the decentralized finance (DeFi) space and possibly become an even bigger rival to Ethereum. Holders of the Cardano token (ADA) can stake their ADA and receive rewards.

What Is Cardano?

Cardano is a proof-of-stake blockchain platform launched in 2017 by former Ethereum developer Charles Hoskinson. Cardano, the 1st blockchain built based on peer-reviewed research, is being developed through evidence-based methods. Overcoming the scalability and security vulnerability issues of Ethereum is the goal of the project. Hoskinson also wanted Cardano to be a for-profit entity, accepting venture capitalist donations. In contrast, Ethereum was adamant about remaining a non-profit organization.

Elon Musk caused a stir in the markets when he tweeted that Tesla (NASDAQ: TSLA) won’t begin accepting Bitcoin until it increases its use of renewable energy. Cardano is a proof-of-stake blockchain in contrast to Bitcoin and Ethereum, which both use a proof-of-work protocol. The proof-of-stake protocol is more environmentally friendly since it uses significantly less energy than proof-of-work chains. The proof-of-stake system can achieve more than 4 million times the energy efficiency of a proof-of-work system.

The Cardano platform consists of 2 layers. The settlement layer is where the ADA token exists and keeps track of transactions. The 2nd layer, the computation layer, enables smart contracts and decentralized applications (dApps) to run on the platform.

Cardano Market Capitalization

The market cap of Cardano as of August 2021 is around $90 billion, cementing its position as the 3rd biggest cryptocurrency according to CoinMarketCap ($89,954,280,847). The current price of a single ADA token is just under $3 — almost 100 times greater than its 2020 low of around $0.03.

You shouldn’t focus too much on the cost of an asset because it’s the market cap that determines the market value of a project’s circulating token supply. The market cap is the total cost to purchase all the projects tokens entirely in a single transaction. The market cap also helps disclose the amount of risk involved when investing in a project. Cardano was able to soar to the 3rd highest market cap because of the anticipation of the Alonzo hard fork in September 2021. The hard fork will allow DeFi, non-fungible tokens (NFTs) and gaming apps to go live on Cardano.

The project’s large-cap ranking (about $90 billion) makes it principally categorized as a “safe” investment. Analysts identify potential capacity for Cardano to grow in value. Cardano has a chance to match Ethereum’s projection of hitting a $1 trillion market cap by 2022. The Cardano ecosystem is forecasted to grow exponentially, and owning ADA could be rewarding as adoption grows.

C. Jebb’s Bull Case for Cardano

C. Jebb is a talented trader who also provides insights into current events and predictions on the crypto market. He thinks that after ripping through all-time highs, Cardano could be due for a correction to the downside in the short term. However, by recently adding Cardano, Japanese exchanges could help produce a bullish move to the upside long-term. C. Jebb predicts that Cardano will go to $10 in the next 10 to 12 months but looks for it to correct in the short term.

In some ways, Cardano is in a similar position to that of Ethereum in 2018, on the cusp of making its debut into the DeFi and NFT space with the release of SundaeSwap. SundaeSwap is a DEX built on the Cardano blockchain. Sundaeswap uses the same protocol popularized by Uniswap, with several innovative adaptations for Cardano. DeFi protocols running on Cardano could be a bullish catalyst for the long-term growth of the ADA token price.

Jason’s Bear Case for Cardano

Jason from “A Chain of Blocks” podcast is a brilliant market analyst who is a big Cardano fan. Still, he also sees a possible bearish scenario for the project. The crypto space is exceptionally fast-paced, yet the development at Cardano has been moving at a languid pace. Projects that launched years after Cardano like Elrond and Polkadot have delivered far more robust ecosystems. The lack of smart contract functionality means that not many developers are building on Cardano.

Other projects could increase their lead in development if Cardonocpo delays releasing smart contracts. If smart contracts succeed, Cardano will still need time to implement sharding to overcome the scalability issue. If the bearish scenario plays out, Jason didn’t give a price prediction but sees a deep correction coming for the ADA price.

Where to Buy Cardano

1 Minute Review

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

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  • Cryptocurrency traders interested in major pairs
  • Cryptocurrency traders interested in a simple platform

  • Simple platform is easy to operate
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  • Coinbase Earn feature rewards you with crypto for learning about available coins

  • Higher fees than competitors

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eToro is headquartered in Cyprus, England and Israel. A major eToro plus is its social trading operations, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its underwhelming research and customer service features.

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  • Simple user interface

  • Several major cryptocurrencies and altcoins
  • Expansive network of social trading features
  • Large client base for new traders to imitate

You can buy the ADA token at several exchanges, including Coinbase (NASDAQ: COIN) and eToro. If you’re new to the crypto space, a centralized exchange like Coinbase may be easier to use. Make sure to research several exchanges because each has unique benefits to offer users.

How Long Will it Take for Cardano to Reach $10?

Cardano has been one of the breakout projects of 2021. It proved its ability to reach high price points by continuously smashing through all-time highs. If the Alonzo hard fork goes off without a hitch, the ADA token could get to $10 before the end of 2021. Cardano will increase its user and developer base as more DeFi and NFT projects are released, which should cause an increase in the price of ADA. For Cardano to reach $10, Bitcoin will have to remain on an upswing for the remainder of the year. However, due to the very turbulent nature of the crypto markets, you should not put too much confidence into price predictions. There could also be delays in project development. A more conservative outlook is that ADA could reach $10 in the next 10 to 12 months.

Where to Store Cardano Safely

It’s not safe to leave your crypto assets on an exchange because, in the event of a hack, you could lose your money. The best practice is to keep your crypto assets offline in a hardware wallet or an online software wallet, depending on your preference. Using a crypto wallet gives you more security as long as you keep your private keys safe.

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1 Minute Review

Launched in 2014, Ledger has transformed into a fast-paced, growing company developing infrastructure and security solutions for cryptocurrencies as well as blockchain applications for companies and individuals. Born in Paris, the company has since expanded to more than 130 employees in France and San Francisco.

With 1,500,000 Ledger wallets already sold in 165 countries, the company aims at securing the new disruptive class of crypto assets. Ledger has developed a distinctive operating system called BOLOS, which it integrates to a secure chip for its line of wallets. So far, Ledger takes pride in being the only market player to provide this technology.

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A Trezor wallet is one of the best crypto wallets in the crypto-sphere. Besides having top-notch security, it is relatively easy to use and provides fantastic support and updates. Although you might consider it a bit expensive compared to other hardware wallets, the services you’ll enjoy are worth it. Your coins are more secured in Trezor than other hardware wallets.


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Best Hardware Wallet: Ledger

The Ledger is one of the best hardware wallets to secure your cryptocurrencies. The device is primarily an offline hardware wallet. It has software with an easy-to-use interface to help users manage their portfolios. It also connects to Bluetooth or USB, depending on whether you’re on a desktop or mobile.

Best Software Wallet: ZenGo

ZenGo wallet is a mobile software wallet with a stylish interface along with a built-in exchange for trading. The ZenGo wallet is excellent for beginners because the support team is there to answer any questions. The wallet also removes the hassle of keeping private keys and seed phrases because it uses facial biometrics.

Bonus Section: ErgoDEX is a decentralized exchange (DEX) that runs on both Cardano and Ergo networks. Ergo has had a long-standing relationship with Cardano due to overlapping technologies. The DEX running on both blockchains allows for quick liquidity swaps between the networks. The Cardano ecosystem is just beginning to grow. As use cases for the ADA token increase, token holders will reap the benefits.

How Does Cardano (ADA) Fit In the Bigger Picture? 

ADA is a governance token that also allows users to participate in the proof of stake (PoS) consensus mechanism. It faces large competition from major blockchains such as Ethereum and Solana.

However, the chain hopes to attract users through increased decentralization and focus on social impact. The overall success of Cardano is largely dependent on the ability of the chain to attract new users and create social change. 

So, Is Cardano a Good Investment?

Suppose you believe in Cardano’s ability to deliver smart contracts and overcome scalability issues soon. In that case, ADA could prove to be a superb investment. The release of DeFi and NFT apps like SundaeSwap and ErgoDEX could drastically increase the number of transactions on the network, driving the ADA price higher. Early adopters who hold ADA before the release of these dApps could prove to be a profitable endeavor.

So, Is Now A Good Time To Buy Cardano (ADA)?

Cardano has the ability to become a force in the blockchain world. However, this is reliant upon the ability of the chain to create new use cases and prove that they can create positive change. If they are able to do this effectively, then there could very well be room for ADA to make a large jump in price.

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PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP




PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP




When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).

Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.

Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.

Top Tier Crypto Makes its Mark – Cardano (ADA)

Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.

Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.




Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.

With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.

Making Waves – Ripple (XRP)

Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.

The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.

Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.

At the time of writing, it ranks number 6 on CoinMarketCap, making it a cryptocurrency to buy now.

The New Face Of Privacy – PrivaCrip (PRCR)

The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.

PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.

PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.

Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.

10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.

The Bottomline 

Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.

PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.

For more on PrivaCrip (PRCR), check below:





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Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange




Cardano Reaches “Important Milestone” on Road to Vasil Upgrade

Alex Dovbnya

Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year

Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.

The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.

Users will be able to withdraw ADA without paying any fees until mid-September.

Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.

At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.

As reported by U.Today, Bitrue introduced the token as its base currency back in February.

In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.

Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.

Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.

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WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M




Cardano Founder Charles Hoskinson Criticize SEC Cracking Down on Companies Outside Its Jurisdiction

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Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano. 

WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days. 

At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming  42% of TVL On Cardano. However, the DEX has fallen from glory ever since. 

Minswap Is Now Cardano’s Most Valuable DEX

The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped. 

cardano total value locked
Cardano total value locked

Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL. 

At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano. 

SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL. 

Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.

Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said: 

“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.” 

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