Welcome to the Price Prediction Department with AJWritesCrypto! Today, we’ll dive into the massive Cardano Community and predict what its coin ADA will go to in the next bull run!
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0:00 Intro
0:55 What is Cardano?
3:09 Ecosystem
4:44 Roadmap
7:12 Tokenomics
7:46 The Plan
8:37 Monetary Expansion
10:02 Calculating Supply
10:46 Market Cap
12:46 ADA Chart
13:57 Price Prediction
14:16 Outro
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
Sources:
https://twitter.com/IOHK_Charles/status/1290058248347770880
https://www.stakingrewards.com/earn/cardano/metrics/
https://finbold.com/cardano-adds-over-2400-new-wallets-a-day-in-june-as-adoption-grows/
https://www.cardanocube.io/cardano-ecosystem-interactive-map
https://roadmap.cardano.org/en/shelley/
https://uploads-ssl.webflow.com/6255c414fdfc147934d570c7/627acc38dac92d3a1b7cd9da_i-7xqNLbN6GEljtgknEG0FfCe6eDMP4btfvJcHHOZ9V3YkRyEE5wOITCZ33yT7Cqs8GtkAc5XeMCumh0_cC8eFXLHitQLxZsVbE5o4AJsQ3NBYja5Jkd5SWNl29tRukW5-S9E28mk_iS_taKMg.png
https://twitter.com/RareEvo
https://finance.yahoo.com/news/latest-cardano-node-upgrade-goes-082925359.html
https://twitter.com/WhaleChart/status/1670941786385022978
https://untilwefall.medium.com/indepth-overview-of-cardano-85845b6bf829
https://www.jpg.store/
https://defillama.com/chain/Cardano?foreign
https://www.coingecko.com/en/coins/cardano/tokenomics
https://www.essentialcardano.io/development-update/weekly-development-report-as-of-2023-06-23
https://voltaire.essentialcardano.io/
https://emurgo.io/the-basics-of-cip-1694/#:~:text=CIP%2D1694%20aims%20to%20give,preferences%20by%20voting%20on%2Dchain.
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Hey what's up everyone AJ writes crypto Here and welcome to the price prediction Department in this video I am going to Cover no other than cardano some of you May know that I covered this coin on the Live stream a couple months ago but I Hold cardano in high regard and I feel That it deserves its own video and I'm Sure many of you will appreciate that This video is sponsored by steak let's Get it All right [Music] [Music] No Gary no I don't care what you say It's not a security no God damn it Sorry about that I don't even know where To begin with cardano and is very very Easy to get into the weeds I'm gonna do My best to keep this video like kind of At the surface cardano was one of those Coins that I was really able to dig my Nails into when I first got into crypto And I have so much respect for Charles And iohk and everything that they're Doing and I'm very excited to have a Chance to meet Charles at the rare Evo Conference in Denver at the end of August and I hope to see you there as Well there's a hundred ways you could Explain to someone what cardano is but I Feel that Charles hoskinson said it best Himself on a Twitter post at the Beginning of August in 2020 Charles said
Cardano Is An Open platform that seeks To provide economic identity to the Billions who lack it by providing Decentralized applications to manage Identity value and governance I feel Like Charles really summed it up really Put it all together there in that Sentence cardano has done a really good Job separating themselves from the field From a lot of other blockchains a lot of Other blockchains will take like a Launch now fix later approach my dad Always taught me to measure twice and Cut once and to get things right on the First time and cardano has done a very Good job implementing that into their Blockchain they're one of the first to Take a really smart like academic Approach by doing peer reviews and Formally verifying to make sure what They're doing is correct so it is Correct when they launch it and then That way they can keep focusing forward On building it and improving it in the Future most of you might know that Cardona was a proof of stake project it Is probably one of the if not the most Popular proof of stake project cardano Is so popular that 62 percent of the Coins in the circulating Supply are Already staked that's really just a nod To how well oiled this machine is and How large the ecosystem is when you look At a map of just how big the ecosystem
Is you'll see from there why this Community is so vibrant and it's one of The most contagious communities in all Of crypto even on Twitter you know whale Chart did a poll that still has a couple Days to go but so far there's already Over 22 500 views and cardano has a Commanding lead for who has the largest Crypto Community as long as you don't Call them the Ada gang the cardano Community will welcome you with open Arms so when you think about doing a Price prediction for cardano I mean Understand last Bull Run cardano did Absolutely amazing I remember personally Buying a bunch of cardano somewhere Between like 27 32 cents and as it went On up in 2021 and cardano reached an All-time high of 3.09 in early September Of 2021. this project went on an Absolute tear and although a lot of People felt that it moved too slow it Wasn't volatile enough this isn't one of Those coins that you're going to like See 10 12 15 swings in Daily price Because the market cap is so large and Because there's so many coins in the Supply this coin will slowly move over Time and not even that just think about How far cardano has come as a whole Since it was at a previous all-time high Back in 2021 moving forward into the Next Bull Run I am very curious to see How well card can do and if you haven't
Had a chance to check out some of Cardano's nft I highly recommend some of The Front Runners include the Apes Society clay Nation or mob boss cat Rocket club chilled Kongs and our very Own jpeg junkies first hand I have seen How fun it is to be involved in cardano Nfts and the communities that come with It and in terms of D5 I mean cardano's D5 launched January 2nd of 2022 and at The time of recording this video they Already have 157 million dollars locked In their tvl when you look at it from This angle you realize there's nothing Cardano doesn't have when you look at it Compared to the other crypto projects Especially those inside the top 20 where Cardano is ranked 8th or sixth place if You don't count stable coins something That has always impressed me the most About cardano is its road map and how Much it has grown over time as they Complete these milestones in the road Map the road map for cardano is split Into five eras the Byron the Shelley the Gogan the Basho and the Voltaire era the End game at the end of Voltaire for Cardano is to be completely Decentralized and to give all the power Back to the people Cardona will not be Ran by iohk or the cardano foundation or Anyone all the power will be distributed And decentralized amongst the people and That is the final goal where are we
Right now right now we're in the Basho Era we're still working on Interoperability and scalability uh with The hydro layer 2 scaling solution there Are many heads of Hydra already live on The mainnet but the Voltaire era has Started to show its face in the form of CIP 1694 CIP stands for cardano Improvement proposal and 1694 is the Year voltier was born so like I said Cardano always takes a really calculated Approach using peer reviews formal Verifications X Y and Z and when they Give the power they're not just going to Hand over the power to the people They're going to do it in a specific way That makes the most sense for everybody So the approach they're taking to make Sure the future governance is the best Way it could possibly be is there are Doing workshops all around the world and They're taking the opinion from everyone In the cardano community and they're Trying to put their heads together and Figure out the best way they can achieve This decentralization if you look at This website Voltier.essentialcardano.io you can Actually see where all the community Workshops are taking place around the World and in the weekly development Report that came out today it reads that By collecting feedback from community Members diverse viewpoints can be
Incorporated to ensure the governance System aligns with the community's needs And desires to be honest I'm just very Impressed how dedicated this team is and That shows by how dedicated the Community is because they are taking it This seriously and that amount of effort Goes a long way according to this Article here by finbold.com cardano has Been adding an average of 2446 new crypto wallets every day since June 1st this year what you get in is What you get out and this is what you Get when you choose cardano as you can See I can go on and on and on about all The news and updates from cardano Gary no Gary I told you it's not a Security give up Not even getting into it cardano is not A security I think it's time we get down To the price prediction cardano's Previous all-time high from last Bull Run was three dollars and nine cents at The time it had a little over a hundred And one billion dollars in its market Cap with a little over 32 billion coins In its circulating Supply as of now Cardano is down over 90 percent from its All-time high it is currently priced Right around 30 cents with a market cap Of 10.18 billion with a circulating Supply over 35 billion so as you can see Cardano has roughly added 3 billion Coins to its market cap since its last
All-time high so remember the formula For our price predictions is price Equals market cap divided by circulating Supply our job first is to figure out What the circulating Supply could be by The time we get to our next all-time High which is projected to be September November of 2025. cardano has a max Supply of 45 billion coins and like I Said there's a little over 35 billion Coins currently in circulation that Means around 77.8 coins are already in And 22.2 coins still have to go into the Supply the question is how fast are Those coins going to go in if you look At this chart here this is Ada's initial Supply from the launch there's 57.6 in The public sale there's 30.9 percent in The reserve so basically how this works Is that when the reserve goes in to the Circulating Supply that is the process Called monetary expansion this is a Little confusing but I'll try my best Time periods on the cardano blockchain Are referred to as epochs each Epoch Lasts 432 000 slots where each slot is One second that means each Epoch lasts About five days so the amount of ADA Staked during each Epoch determines how Many new blocks are minted if you're a Fan of cardano I'm sure you've heard the News of the recent update which is Numbered 8.11 it basically reduces the Friction between the epoch barriers and
Speeds up the network process during the Change of epochs I know it's kind of Confusing and to be completely honest Even I was very confused when I really Looked into this so what did I do I Reached out to my friend big pay who is Probably one of the smartest people in The cardano community that I personally Know he messaged me there's about 21.8 Million Ada paid out per Epoch the rate Slowly goes down over time instead of a Big having event like Bitcoin it gets Cut in half slowly every four to six Years it's also based on how many Addresses stake if more stake it will go Down a little faster the network average Right now is between 3.4 and 3.6 percent A year and that message really cleared Things up on how the monetary expansion For cardano Works instead of a having Event that happens every four years Cardano is slowly having all the time Based off the amount of cardano staked In each Epoch but for me to estimate how Many cardano will be in this Supply by The end of 2025 I had to do the math if You take the current Supply which is a Little over 35 billion and the yearly Inflation of 3.4 billion between now and November of 2025 that spits us out at 38 Billion 23 million so if you take the 3.6 for the inflation rate and run the Same equation that spits us at just About 38.2 billion so what did I do I
Took the average and I'm going to say by November of 2025 cardano will roughly Have 38.1 billion in its Supply God that Was complicated I know a lot of the Audience would have just preferred for Me to say say the number but some people Want to know the math so they go so Finally we have the denominator of 38.1 Billion coins in the supply what about The numerator remember at the top of the Last Bull Run cardano's market cap was a Little over 101 billion if you take 101 Billion but with the heightened supply Of 38.1 billion that would give us a 2.65 cardano which is still a 789 Increase from its current point but Personally I think cardano's market cap Is going to go much higher than last Time I don't see any version or any World in the Multiverse where cardano is Not at least five dollars by the top of The next Bull Run for cardano to get to Five dollars with the heightened Supply Would require a market cap of 190.5 Billion which is a 16x from right here So we can establish that's the lower end Of my range but how high can it go I Have heard so many different cardano Price predictions over time a lot of Websites on the internet will only tell You 1.60 25 a dollar Thirty a dollar Seventy those price predictions are way Too conservative especially when you Would take into account the overall
Pattern of the weekly chart that you can See here on your screen as you can see We are in an overall Rising wedge and if We kind of bounce off of the top and the Bottom of this wedge and we put the top At November of 2025. that would have us At a 13 cardano imagine waking up and Seeing a 13 cardano for that to be Possible cardano would require a market Cap of 495.3 billion which is a 42x from right Now do I think a 13 cardano is possible In the future for sure but for the next Bull Run that is asking a lot if we Wanted to see a 10 cardano with the Heightened Supply that would require a 381 billion dollar market cap which is a 32x and if you wanted to see a seven Dollar cardano that would require a 266.7 billion dollar market cap which is A a 22x and that sounds a lot more like It to me but how are we going to get That high I'll tell you one day at a Time if you look at the daily chart from Right here as you can see by the bodies Of the candles we have put in a higher High on a daily time frame and hopefully That Wick doesn't count as a break of Structure what we need to do is one day At a time put up higher highs and lower Lows on larger time frames to me the 418 Or almost 42 Cent level is a super Important support resistance level as You can see it was the floor here here
And here but it was the ceiling here and Here so this level has been tested time And time again and we need to get above That 41 42 Cent level to keep rocking up Into higher highs another important Level is 0.387 which is also an Sr line That was tested when it Wicked down back In May of 22 and we have been rejected By it in March of 23. luckily for us the Most amount of buyers from the visible Range volume profile are sitting at that Point 387 level and it is a 31 increase From our current price point to get to That level and it's a 41 increase to Retest the 0.418 level which I feel is a Very important support resistance level For right now so my price prediction for Cardano for the top of the next Bull Run Is somewhere between five and seven Dollars don't get me wrong I know that We have a long way to go from our market Cap right now to get to a five or seven Dollar cardano but I believe if any coin Out there can put up those kind of Numbers it has to be the a to game I Mean the cardano community boom just Like that there you go there's my price Prediction for cardano that one took me A lot of effort a lot of research to Really nail down the numbers I wanted Thank you for sticking around to the end Of this video I want to know in the Comments was I too bullish was I too Conservative what do you think cardano
Is going to be at the top of the next Bull Run let me know in the comments With that said my name is AJ writes Crypto and have yourself a great rest of Your weekend [Music] Foreign [Applause] [Music]