Outperforming Bitcoin (75%) and Ethereum (453%), Cardano stands out as one of the most successful cryptocurrencies in 2021.
Scalability, inter-tradability, power usage… it seemed that Cardano was the answer to all of these issues.
However, just like with any other popular altcoin, the “bears” got the better of Cardano throughout 2022, leading to severe price decreases over the past few months.
This caused quite a bit of headache among investors, but it seems that things are starting to look up for this currency.
Many analysts believe that the price of Cardano will double by the end of 2022.
But that’s not all, there is one more currency on their lists that they believe will explode and bring even bigger returns this year – Tamadoge.
Let’s check out the details and see why experts are so optimistic about these two currencies.
Cardano (ADA) Overview
Cardano (ADA) entered 2022 as one of the largest smart contract platforms in the industry.
Additionally, it also stands as the most secure blockchain network according to fintech and crypto experts due to its peer-researched technology.
The open-source blockchain also incorporates a PoS (proof-of-stake) system named Ouroboros.
Ouroboros was developed with the goal to solve ADA scalability, regulatory compliance, and preventing voter fraud.
Notably, this altcoin was created by Charles Hoskinson – one of the founding members of Ethereum. He reportedly left ETH to work on Cardano.
Cardano has successfully managed to combine the best elements of BTC and ETH into its two layers.
For instance, settlements and transfers are handled just like on BTC’s network, while decentralized apps and smart contracts can operate smoothly similar to ETH’s network.
Marlowe (Cardano’s official platform) is also extremely valuable since it allows users to build their own apps on the network even without prior coding knowledge.
Not only will this attract more crypto enthusiasts in the future, but it also captures the attention of laymen who are learning the ropes around the decentralized world.
Even though Cardano wasn’t able to incorporate all features that were once in plan, it’s still been on an upward spiral ever since it was launched.
And, there’s no indication that this momentum will stop anytime soon.
5 Reasons Why Cardano Will Double in Value
Now that we’ve covered some of the basics, let’s check out the exact reasons why experts believe that Cardano will double in value by the end of 2022.
Vasil Hard Fork Mainnet Launch
Cardano’s blockchain has a very unique way of functioning – it’s constantly updated so that the chains of blocks that store important data (e.g. transaction records) stay decentralized and safe.
Since the blockchain is continuously growing, the founders organize hard fork events with the goal to improve the existing blockchain and upgrade the network features.
For instance, one of the most recent hard fork Cardano events was the Mary hard fork that introduced native assets and provided users with a chance to build custom tokens on the blockchain.
Now, there is a new hard fork that investors are anticipating – the Vasil hard fork.
This hard fork was named after Vasil Dabov, a Bulgarian scientist that was a huge supporter of Cardano and who passed away recently.
The Vasil hard fork is expected to have a huge role in enhancing the Cardano network capacity and smart contract programming.
In short, this hard fork will improve user experience on the ADA network and simplify the app development process for Cardano network developers.
Since there is a proven link between technological updates and price increases, analysts believe that the Vasil hard fork launch will have a huge effect on ADA tokens.
A few days ago, Input Output (Cardano creator) explained on Twitter when this hard fork will launch.
Here’s a short recap:
· The last node contender needs to have built at least 75% of the mainnet blocks.
· The upgrade has to be compatible with around 25 exchange platforms
· The most important DApps on Cardano have to use the node version 1.35.3.
Consistent Cardano Updates
Ever since it was launched, Cardano had one major advantage over its competitors – a robust and innovative ecosystem that allows developers to build apps on the Cardano blockchain efficiently.
However, even though it offered lots of development opportunities, the blockchain hasn’t exactly managed to introduce new features as fast as the other networks.
The main reason for this is the prioritizing of research-driven and peer-reviewed development.
But, this doesn’t really classify as a downside of Cardano.
So far, there haven’t been any problems or major setbacks with the network development, which is a result of a well-thought-out strategy and a careful approach to crypto technology.
This is one of the many things that draw investors to the project – they can count on the fact that their money is safe with Cardano.
Ecosystem Upgrades
The team behind Cardano has recently stated that almost 1,000 projects are being conducted on their blockchain, with the number constantly rising.
But, they also said that this doesn’t mean that it’s time to slow down with the ecosystem upgrades.
In fact, they’re working on new technology developments that will further advance the decentralized apps and smart contracts used on the blockchain.
This will undoubtedly have a huge impact on the price of ADA tokens.
Crypto Whales
According to Santiment, over the last two months, the addresses of Cardano whales that hold up to 100,000 ADA have added almost $80 million worth of ADA to their wallets.
That’s not all – the whales that own between 100,000 and 10 million ADA tokens have stopped selling their tokens.
Santiment put out this tweet: “As Cardano’s price performance has stayed particularly underwhelming in 2022, addresses holding 10k –100k $ADA are now accumulating. They’ve added 79.1m $ADA to their collective bags in 30 days. Meanwhile, 100k 10m whales have ceased their dumping.”
Considering the increase in Cardano whale’s wallets and the fact that they’ve stopped dumping the tokens, it might indicate that we’re looking towards a bullish trend in the following weeks.
Cardano Use Cases
Major corporations all around the world are very interested in what Cardano can offer and how they can use the network in their own lines of business.
For instance, some institutions believe that Cardano can help them minimize the number of counterfeit drugs that are in circulation in the healthcare industry.
Those in the economic sector see potential in Cardano’s identity verification technology.
Food companies and farmers can make use of the network to figure out how food is being moved within the supply chain.
There are countless practical use cases that come along with Cardano, which is a great indicator of long-term value and a continuous price increase.
Tamadoge Is a Profit Time Bomb – The Price Might 10X
Cardano will most likely double in value over the next few months, but that’s nothing compared to the potential 10x profits that Tamadoge could bring.
According to crypto analysts, this dog-themed crypto is a “ticking profit time bomb”.
Tamadoge (TAMA) is a P2E crypto meme coin that has its own Metaverse (Tamaverse) and one very unique trait – real-world utility.
Because of this trait and its captivating gameplay, it’s not far-fetched to say that it could eventually replace Dogecoin and Shiba Inu as the leading meme coin on the market.
The native token and primary in-game currency is TAMA.
The gameplay revolves around two things – training Tama pets and using their abilities to win battles. Players can acquire these pets as babies in the form of NFTs.
Seeing that it has been audited by SolidProof.io for smart contracts and KYC-verified by CoinSniper, it’s safe to conclude that there is zero “rug pull” danger associated with Tamadoge.
At the time of writing, the presale for TAMA tokens is live and it will last until September.
This presale has basically exploded over the past few weeks, with a handful of investors looking to get their TAMA tokens as soon as possible.
There is even a $100,000 crypto giveaway announced and it will take place on the day of the prize draw, but only investors that own TAMA tokens are eligible to win it.
Currently, Tamadoge has successfully raised nearly $4 million and around $55 million tokens are still available in the presale.
For only 1 USDT, investors can get 66.67 TAMA coins, but this will change when the remaining $55 million tokens get sold out. The minimum investment is 1,000 TAMA tokens (plus a $10 gas fee).
TAMA tokens are being sold like crazy, so if you want to join the ‘early investor’ club and see huge profits, now’s the right time.
How to Buy Tamadoge
STEP 1
To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).
Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend MetaMask.
If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in-built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).
STEP 2
Once you have your preferred wallet provider ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps you will need to select “Wallet Connect”.
You will then have three options: Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak.
You will then be able to use this ETH to purchase TAMA. Click “Buy Eth With Card” to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase.Buy TAMA With ETH.
Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) and then click “Convert Eth”.
Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas.Buy TAMA with USDT. Please ensure you have at least $15 of USDT in your wallet before commencing the transaction.
Type in the amount of TAMA you wish to purchase (1,000 minimum). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps in order to complete the transaction.
STEP 3
Once the presale has concluded, you will be able to claim your TAMA tokens. We will release details closer to the time, however you will need to visit the main site https://tamadoge.io and click on the gold “Claim” button.
Tamadoge Contract
Use the contract information below to add the TAMA token to your wallet.
Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8
Decimals: 18
Token symbol: TAMA
Conclusion
Cardano is the largest smart contract platform in the crypto industry and it’s no stranger to success.
With constant blockchain developments, the Vasil hard fork launch, and a cutting-edge ecosystem, the price increase of ADA tokens seems inevitable.
However, it’s nothing compared to the incredible profits we might see from Tamadoge once the presale ends.
Tamadoge is currently the hottest meme coin in the market and analysts believe that this low price will never be seen again once the project goes live, so hurry up and stack up your own.
