5 reasons why Cardano price will double and Tamadoge price could increase 10 times

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Contrary to previous trends, Cardano (ADA) just saw an increase in its price on the charts. The one that contributed to its sixth place in Coinmarketcap’s crypto rankings by market capitalization. In fact, Cardano outperformed and overtook XRP due to 15% and 5% increases over 7 days and 24 hours, respectively.

On Monday, Cardano was trading at $0.5882 at the time of writing, with a market value of $19.9 billion. Earlier in the day, ADA/USD opened at $0.5695 on August 15 and fluctuated between a high of $0.5821 and a low of $0.5466. The price of ADA/USD is currently consolidating and trading at $0.5589, down 3.82% in one day.

The price of Cardano has the potential to double for the following 5 reasons:

1. Vasil Hard Fork Mainnet Launch

The first advantage of Cardano is that there seems to be a clear link between significant technological advancements and cryptocurrency price increases. On August 12, Cardano creator IOHK highlighted three key signs that will determine when Vasil’s hard fork will begin in a series of tweet.

First, the final Vasil node candidate must have built 75% of the mainnet blocks. Second, the upgrade should apply to approximately 25 exchanges, and third, critical Cardano DApps should be updated to Node version 1.35.3. Cardano’s price could double if the cryptocurrency performs as expected.

2. Cardano updates are slow but consistent

Another advantage Cardano has over its competitors is its ability to provide evidence of a rich and thriving ecosystem where developers build things on top of the Cardano blockchain. This has always been the main criticism of Cardano. Due to its emphasis on peer-reviewed and research-driven development, blockchain has always been much slower in adding new features and functionality than other blockchains.

However, Cardano has not experienced any failures, which should highlight the benefits of a technology approach that manages the funds of billions of people with caution, intelligence and thoroughness.

3. Ecosystem development

According to Cardano, nearly 1,000 blockchain-based projects are currently underway and development is accelerating. However, a few recent successes have also emerged, such as the rapid growth of the NFT ecosystem.
Cardano claims that the next technology update will increase the use of decentralized applications and smart contracts. However, this could be another driver of Cardano price growth.

4. Bitcoin Whales

Messari says ADA addresses holding more than $10 million in ADA have steadily declined since April 25. This group of whales has a significant impact on the price movement of cryptocurrencies. As a result, ADA’s price action declined along with the declining holdings of these whales.

Due to the increase in the holdings of these whales, the value of ADA/USD may increase and reach its double value.

5. ADA application cases

Cardano has the potential to influence businesses even in more obvious real-world settings. Cardano’s technology, for example, is helping to reduce the sale of counterfeit drugs in the healthcare sector. Both the public and private sectors of the economy are interested in identity verification.

Farmers may also find it useful to use Cardano’s tools to track where food is moving along the supply chain. A cryptocurrency’s ability to generate practical use cases is a key indicator of its long-term viability, and Cardano looks promising in this regard.

ADA

Cardano (ADA) Daily Technical Levels

support resistance

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0.5533 0.5907

0.5365 0.6113

0.5159 0.6280

Pivot point: 0.5739

Raising Tamadoge $3.9 million – TAMA Price Can 10x

The Tamaverse, a bespoke metaverse where users can play to win prizes in specially crafted games and socialize with other members of the Tamadoge community, is one of the most exciting sections of the roadmap. TAMA’s presale has already raised over $3.9 million, with only 55.6 million tokens left before the price of the currency skyrockets.

Currently, one USDT equals 66.67 TAMA, and after raising the remaining $55.6 million, the price of TAMA will rise to one USDT equal to 57.14 TAMA. Apart from Cardano, the same coin »tamadoge” continues to stay in the highlights as its beta pre-sale skyrockets.

Investors seem to believe that investing in TAMA will result in higher profits, as XRP has stalled and may struggle to reach $1.

Buy Tamadoge now

The pre-sale of Tamadoge will be finalized in the coming weeks. The pre-sale has a strict cap of $10 million, which should give enough scope for the project to hit the next stages of the roadmap. TAMA is the ultimate gaming platform for earning meme currency, and getting the token during presale couldn’t be easier. You must pay with a debit/credit card, USDT or ETH from your wallet.

A smartphone application that can artificially visualize your Tamadoge, in reality, will be created later on the roadmap. Then point your phone at your Tamadoge to see it in action. The community believes that this confluence between artificial reality and the real world will contribute to the field of gambling and help drive mainstream adoption.

Learn more about creating a crypto wallet for buy Tamadoge.

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Tamadoge – Play to Win Meme Coins

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  • Earn TAMA in battles with Doge pets
  • Supply Capped 2 Billion, Token Burn
  • NFT-based metaverse game
  • Presale Live Now – tamadoge.io

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Source: https://insidebitcoins.com/news/5-reasons-cardano-price-will-double-and-tamadoge-price-might-10x

Disclaimer: Cardano Feed is a decentralized news aggregator that allows journalists, influencers, editors, publishers, websites and community members to share news about the Cardano ecosystem. User should always do their own research and none of these articles is financial advice. The content is for informational purposes only and does not necessarily reflect our opinion.

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