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Disclaimer: None of the information in this video should be
considered as advice. This video was made for entertainment
Over the past few months, I’ve slowed down buying Cardano, never sold any, but I definitely stopped buying as much as I had been not because of anything fundamentally, I just saw more value in other projects when I felt that Cardano would be trading sideways.
Well, now I’m buying again. And I’ve got to say that, Cardano does not get the respect I think they deserve from a large part of the crypto community.
Hoskinson the founder of Cardano and the co-founder of Ethereum has never been known for doing anything abrupt or fast. He is very methodical and calculated. Even Vitaly has said that with Ethereum they like to learn through trial and error, see what happens.
But that’s not Hoskinson’s style and for that reason, Cardano isn’t looked at as not the most exciting crypto, but I think because of that, you are going to see them continue to slowly advancing, becoming resilient, and will be sticking around in the future while many others fade away. That perceived weakness is actually their strength. That is the reason we will still see them years down the road.
There are a lot of coins out there with empty promises. I can promise anything because I know that if I promise something exciting, that drives hype, and that hype buys me time to try and actually make it happen. This is one reason most cryptos wont survive because they wont be able to live up to their own hype. And you rush things out to appease the masses and investors, mistakes happen. Mistakes are going to happen regardless, but a lot of things can be avoided if you take your time and do it right.
In 2022 Hoskinson announced that Cardano would be completing three hard forks, one in February, one in June, and one in October.
Cardano is looking to find a middle ground between the bitcoin UTXO smart contract model and the EVM model and create an extended UTXO (eUTXO) model.
Cardano is trying to take the best from both worlds to make things as efficient as possible. 2022 will be a major upgrade and buildout year for their ecosystem which I believe will lead to a major breakout for 2023. I know people don’t want to hear that because everyone wants to get rich now, and a year from now sounds so far away, but, look at 2022 as the year to buy Cardano while it’s still cheap. A $10 cardano will be here sooner than you think.
One thing I am watching closely with Cardano is their relationship to Africa because that could be a juggernaut. And I know other cryptos are doing things with African countries, but I’m talking about creating value for Cardano and investors specifically, and over the long term.
Cardano’s parent group – Input-Output Group (IOG) – has been working on providing IT education in various parts of Africa. Cardano already enjoys a strong base in Ethiopia while partnering with its government on the educational front. As part of this initiative, Cardano will be working with five million teachers and students in Africa.
That partnership I’m referring to is one of the biggest blockchain deployments in the world involving Ethiopia and Cardano.
The Cardano’s VC fund in Africa plans to invest $6 million in local African startups that want to build on the Cardano blockchain. The VC Fund will select some of the most innovative blockchain projects who want to build and develop their projects on the Cardano blockchain network.
One mistake people make is believing that Africa is a desolate continent. I disagree. Africa is the 2nd most populated continent in the world. This is a continent that is catching up to the rest of the world at a fast rate, economically. There is a tremendous amount of untapped value there. We’re talking trillions and trillions of dollars. If you’re looking at cryptos long term, you have to look at their place in Africa because they’re going to play a big part. In the next 10 to 30 years, there will be some powerhouse projects that will have came out of Africa. Quit looking at the quick dollar and think how can crypto create generational wealth.
#cardano #ada #cardanonews