Cardano is a prominent proof-of-stake blockchain supporting decentralized apps. Its native token, ADA, is trading at 91.7% below its all-time high.

While new crypto investors can panic during a market downturn, experienced traders use them to buy coins they think will add value to their investments in the medium to long term. We estimate how much longer-term traders must invest for maximum ADA returns in the next bull run.

Cardano’s Decentralized Finance Ecosystem Boosts ADA Prospects

Ethereum co-founder Charles Hoskinson started assembling a team in 2014 to develop a fast and secure blockchain that would become Cardano. The team released the project in September 2017, with ADA trading starting a few days later.

Decentralized finance can sometimes seem like a minefield. Read our breakdown here.

Cardano has made some significant architectural choices thanks to a large research community. Its members have published many peer-reviewed papers documenting novel research.

Currently, ADA ranks eighth on the list of the top 10 cryptocurrencies by market capitalization. In July, the total value locked on decentralized application smart contracts exceeded $274 million.

This means that, despite the bear market, the network is seeing high traffic through engagement with decentralized applications.

How Much Cardano (ADA) Do You Need to Become a Millionaire?

Assuming ADA reaches its record price of $3.09 during the next bull market, you can calculate how many ADA you need to buy using the

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Author: David Thomas

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