How much would it be today if you’d invested $1,000 in cardano two years ago?
The price of cardano, like the rest of the crypto market, has fallen in recent weeks. The cryptocurrency’s all-time high was set on May 16 this year, when it hit $2.46. 10,000 ADA (the Cardano blockchain plaform’s cryptocurrency) were...
The price of cardano, like the rest of the crypto market, has fallen in recent weeks.
The cryptocurrency’s all-time high was set on May 16 this year, when it hit $2.46.
10,000 ADA (the Cardano blockchain plaform’s cryptocurrency) were worth $24,600 at the time, representing a return of more than 2,300%.
The fact that an investment return can change so drastically in a matter of weeks only demonstrates how volatile a cryptocurrency investment can be.
The volatile prices of crypto
While the prices of bitcoin and other crypto are unsteady — shooting up and crashing down, cardano’s price isn’t as unstable as the others. So far it has managed to keep its footing.
Credits to cardano’s versatility as a crypto, the strong team behind it, and its devoted following since its inception in 2017.
ADA is also an eco-friendly cryptocurrency, which has grown in importance as people become more aware of bitcoin’s environmental impact.
Cardano metrics
Cardano was worth $0.10 two years ago. If you had invested $1,000 at that time, you would have received 10,000 ADA today.
Cardano’s price is at $1.06 based on tracking by Coingecko, Tuesday. Your initial $1,000 investment is now worth $12,000. This equates to a 1,100% return.
However, it’s not cardano’s current price that excites investors, but what it can potentially do in the future.
Is it worth investing in ADA?
It’s simple to purchase, as it’s available on a number of popular cryptocurrency exchanges.
Crypto enthusiasts hold high regard for the founder of Cardano.
It is environmentally friendly because of its low energy consumption.
It also has a wide range of potential real-world applications and isn’t one of the many cryptocurrencies that rely on hype.
Image courtesy of Cointelegraph News/YouTube
Micky is a news site and does not provide trading, investing, or other financial advice. By using this website, you affirm that you have read and agree to abide by our Terms and Conditions.
Micky readers - you can get a 10% discount on trading fees on FTX and Binance when you sign up using the links above.
SNEKbot by DexHunter on CARDANO
Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!