Thread by @AustinMurray96

🚨#Cardano Thread🚨
• Updated •
#ADA will inevitably flip #Bitcoin... IMO this will happen in the next 5-8 months. Hear me out
(original thread: Aug 26, 2021)

#BTC doesn’t produce any value. It simply has a first movers advantage. The price is a reflection of low supply and high demand. It's basically a Ponzi Scheme. Buyers buying ‘cause Buyers buying ‘cause Holders are promoting

If investors stopped buying gold, little would happen to the price because gold is still being bought for production purposes. However, if investors stop buying BTC the value would drop dramatically since there’s no production value to support it

Fiat currency is defined as “currency that is not backed by a commodity such as gold”. Since BTC is being used as a currency and isn’t backed by a commodity, it fits the definition of fiat. That said, BTC is seemingly standing on pillars of sand

Unlike BTC, Cardano offers intrinsic value baked right into it’s blockchain. Allowing value to be created by producers and consumers through Dapps. With everything Cardano has to offer in the coming weeks, I believe it has the ability to disrupt BTC big time

It’s likely #ETH would’ve flipped BTC by now if it weren’t for high fees, security concerns and an infinite supply. With ETH2.0 a few years out, this gives Cardano the perfect opportunity to take the first movers advantage as the first sustainable Smart Contract blockchain

This will take ADA to $10-$15 in the next few months. Unfortunately, this could have negative consequences. As ADA begins taking market cap from ETH & BTC, FUD will set in causing a massive selloff

As accounts get liquidated, loans get called and hedge funds begin to sell, a financial crisis will be apparent.

This will be known as the Crypto Bubble, much like the dot-com bubble, a majority of cryptos won’t survive this crash. After the dust settles and the market stabilizes, new cryptos will emerge to take the top 10 in market cap and leading them will be Cardano as number 1

I do believe BTC & ETH will remain in the top 10 but with relatively low market caps, no higher than $100M. Typically, after a crisis assets (btc isn’t an asset) return to their ATH a month or so after, so a $10 ADA afterwards is likely.

As 2022 comes to an end, I’m confident Cardano will be in the $30-$50 range by then. I don’t like using market cap but to please the old dogs, here’s the breakdown:

32B Circ Supply
70% staked = 9.6B

Smart Contracts + NFTs + Liquidity locking up ADA
Leaves us with a conservative avail supply of 9B

So a $50 ADA Market cap would only be $450B but on paper it would appear as $1.6T
#Cardano #ADA #Cryptocurrency #MarketCap

But Murray, staked ADA isn’t locked, you fool!!
Sure however, the staking rewards incentivize holders from selling as the price increases

Say you earn 5 ADA every epoch and ADA is $50, that's $250 every 5 days or $1500/ month. Investors won’t want to sell at that point

To add, Cardano is the only blockchain out there with over U$1.5B in its treasury. This means that in the event of a crash, it will likely be one of the few blockchains with enough cash flow to weather through it

This is for entertainment purposes only. DYOR. Consult your financial advisor. Thanks for reading!

P.s Myself and a few other #CardanoCommunity members pledged to donate $20k to @MakeAWish If Cardano reaches $30 by August 2021.
Please consider pledging as well, thank you!

@MakeAWish 🚨Correction🚨
August 2022