Investing in cryptocurrencies can be very profitable. We all have heard or read stories about early investors that hit big on Bitcoin (BTC). So, it is understandable that many people want to add this digital coin to their investment portfolios. Newcomers usually select Bitcoin as their first crypto investment.
However, the reality is that Bitcoin is not as profitable as it once was. You cannot expect a return on investment (ROI) greater than 100% if you invested in Bitcoin today. Compared to traditional investment vehicles, Bitcoin is still great. But compared to other cryptocurrencies, Bitcoin is not the greatest investment anymore.
Other cryptocurrencies, collectively known as ‘altcoins,’ can offer better ROIs. However, novice crypto investors often wonder which altcoins are convenient. In general, you should invest in projects that develop or use cutting-edge technology. Bitcoin was the first cryptocurrency available. Its blockchain is often referred to as the first generation; in other words, old technology.
That’s why investing in Cardano, a third-generation blockchain, would give you a better gain. The cryptocurrency of the Cardano network, ADA, is one of the top cryptocurrencies. You can read the following ADA price prediction to learn what you can expect from such an investment in the next few years.
Cardano (ADA) Price Forecast for 2022-2030
This cryptocurrency has a total supply of 45 billion ADA coins, of which nearly 33.7 billion are already in circulation (as of mid-March 2022). Although ADA has been performing well since its creation in 2017, its value skyrocketed in 2022. It peaked on September 2, 2021, when traded at $3.10. Each ADA coin sells for approximately $0.80 by mid-March 2022.
Some crypto analysts believe ADA could set a new all-time high price in 2022, going above the $4.0 line. However, to others, this prediction is somehow over-optimistic. For example, Trading Beasts forecasts an ADA price of $1.62993 by the end of 2022. Digital Coin is more optimistic and predicts $2.0330088 for the same period. Experts with Wallet Investor are the most optimistic ones, with a forecast of $3.240 by the end of the year.
This cryptocurrency’s value will likely increase more in the following years. In 2023, the ADA price will fluctuate between $2.3 and $3. ADA could sell at nearly $10 in 2024. According to Wallet Investor, this cryptocurrency will likely trade at an average of $12.169 throughout 2025. In the long run, things look bright for Cardano too. The ADA price will probably be $111 by the end of 2030.
You Can Run a Maternode as an Alternative
If you are unsure of whether to invest in a digital coin, you can run a masternode as an alternative. In this way, you can generate income from a cryptocurrency without directly investing in it. Blockchains need several copies of their ledger information stored on different computers. It is critical for decentralization and security. A computer storing a copy of a blockchain is known as a node.
On a cryptocurrency network, there are nodes with more extensive computational capability. These nodes are called ´masternodes.’ The primary role of a masternode is to reject blocks that may harm or compromise the network’s security. Since masternodes are located in different countries, a hacker’s attack using several masternodes is almost impossible. Masternodes verify the authenticity of data on a blockchain. Because of the increased responsibility, masternodes get higher rewards from the network than common nodes.
