{"id":571524,"date":"2024-01-26T03:00:34","date_gmt":"2024-01-26T03:00:34","guid":{"rendered":"https:\/\/wncen.com\/?p=571524"},"modified":"2024-01-27T21:30:38","modified_gmt":"2024-01-27T21:30:38","slug":"why-cardano-could-be-the-next-big-crypto-winner-an-influencers-perspective","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/why-cardano-could-be-the-next-big-crypto-winner-an-influencers-perspective\/","title":{"rendered":"Why Cardano Could Be The Next Big Crypto Winner: An Influencer’s Perspective"},"content":{"rendered":"

In a recent video<\/a> from the crypto-based YouTube channel Cheeky Crypto, the host underscores Cardano’s (ADA) approach, which separates it from its contenders, particularly its reliance on “academic rigor” and “research-driven development.”<\/p>\n

Dropping out his reasons for being bullish on Cardano, the host highlighted the blockchain’s core use cases; starting in the video, the host defined Cardano as a proof-of-stake (PoS) blockchain platform developed using a “methodical, evidence-driven approach,” firmly anchored in the principles of “scientific research and academic thought.”<\/p>\n

According to the host, the Cardano development <\/a>team aims to “restore trust in the global economic system.” This involves creating technologies that “foster secure, transparent, and sustainable international business practices.”<\/p>\n

Related Reading: Whales Go Wild: Cardano Transactions Surge 11% \u2013 Price Hike Incoming?<\/a><\/div>\n

Cardano To Become A Frontrunner<\/h2>\n

Diving deeper into the video, the Cheeky Crypto host disclosed that aside from advanced technology, the platform is also about making a “real-world impact,” especially in developing regions.<\/p>\n

According to the host, the platform has initiated projects to provide financial services to the world\u2019s “unbanked population,” which is estimated to be about $1.7 billion people. Cardano’s partnership with World Mobile in Africa is an example of such highlighting. The host noted:<\/p>\n

They (Cardano) are working with projects like World mobile to connect more people to the world as well as in my opinion create new economies and change many people’s lives.<\/p><\/blockquote>\n

The Cheeky Crypto host also points out Cardano\u2019s contribution to the decentralized applications (DApps) sector. With a keen “focus on security and scalability,” Cardano is creating a more stable environment for DApps., the host stated.<\/p>\n

Discussing the blockchain’s functionality, the host identifies it as a “third-generation cryptocurrency,” addressing common challenges faced by “layer one blockchain adoption.” Pointing out these challenges, the host disclosed:<\/p>\n

This issue covers a number of blockchain concerns including topics like\u00a0scalability, interoperability, sustainability and security. So Cardano seeks to basically solve these issues through the development of design principles and engineering best practices.<\/p><\/blockquote>\n

Concluding the use cases the host highlighted that make him bullish on Cardano, he mentioned that initially, the blockchain could process only a limited number of transactions<\/a> per second. The team developed Hydra, a layer-two scaling solution employing state channels for off-chain transaction processing to overcome this.<\/p>\n

Hydra\u2019s introduction marks a notable leap, enabling Cardano<\/a> to theoretically handle over a million transactions per second, enhancing the network\u2019s capacity dramatically. According to the host, these use cases are why Cardano could be one of the “front runners” in the crypto sector in the future.<\/p>\n

Related Reading: Cardano To $7? Analyst Predicts When ADA Will Resume Uptrend<\/a><\/div>\n

Cardano’s ADA Navigates Bearish Waters<\/h2>\n

Meanwhile, despite these technological strides, ADA, Cardano\u2019s native token<\/a>, has been experiencing a bearish price action. Currently trading at $0.460, ADA has lost nearly 10% of its value over the past week. Analyst Ali has recently drawn parallels between ADA\u2019s current consolidation phase<\/a> and its pattern in late 2020.<\/p>\n

\"Cardano
ADA price is moving sideways on the 4-hour chart. Source: ADA\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

According to Ali’s analysis, should Cardano follow its late 2020 trajectory, ADA could witness a substantial upswing, potentially reaching new highs.<\/p>\n

\n

#Cardano<\/a>‘s current consolidation phase mirrors its late 2020 behavior. If history repeats itself, we might see $ADA<\/a> resuming its upward trend around April. This pattern continuation could potentially lead to an upswing toward $0.80, a brief correction to $0.60, then $7! pic.twitter.com\/RuRA2EDMNP<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 19, 2024<\/a><\/p><\/blockquote>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent video from the crypto-based YouTube channel Cheeky Crypto, the host underscores Cardano’s (ADA) approach, which separates it from its contenders, particularly its reliance on “academic rigor” and “research-driven development.” Dropping out his reasons for being bullish on Cardano, the host highlighted the blockchain’s core use cases; starting in the video, the host defined Cardano as a proof-of-stake (PoS) blockchain platform developed using a “methodical, evidence-driven approach,” firmly anchored in the principles of “scientific research and academic thought.” According to the host, the Cardano development team aims to “restore trust in the global economic system.” This involves creating technologies that “foster secure, transparent, and sustainable international business practices.” Related Reading: Whales Go Wild: Cardano Transactions Surge 11% \u2013 Price Hike Incoming? Cardano To Become A Frontrunner Diving deeper into the video, the Cheeky Crypto host disclosed that aside from advanced technology, the platform is also about making a “real-world impact,” especially in developing regions. According to the host, the platform has initiated projects to provide financial services to the world\u2019s “unbanked population,” which is estimated to be about $1.7 billion people. Cardano’s partnership with World Mobile in Africa is an example of such highlighting. The host noted: They (Cardano) are working with projects like World mobile to connect more people to the world as well as in my opinion create new economies and change many people’s lives. The Cheeky Crypto host also points out Cardano\u2019s contribution to the decentralized applications (DApps) sector. With a keen “focus on security and scalability,” Cardano is creating a more stable environment for DApps., the host stated. Discussing the blockchain’s functionality, the host identifies it as a “third-generation cryptocurrency,” addressing common challenges faced by “layer one blockchain adoption.” Pointing out these challenges, the host disclosed: This issue covers a number of blockchain concerns including topics like\u00a0scalability, interoperability, sustainability and security. So Cardano seeks to basically solve these issues through the development of design principles and engineering best practices. Concluding the use cases the host highlighted that make him bullish on Cardano, he mentioned that initially, the blockchain could process only a limited number of transactions per second. The team developed Hydra, a layer-two scaling solution employing state channels for off-chain transaction processing to overcome this. Hydra\u2019s introduction marks a notable leap, enabling Cardano to theoretically handle over a million transactions per second, enhancing the network\u2019s capacity dramatically. According to the host, these use cases are why Cardano could be one of the “front runners” in the crypto sector in the future. Related Reading: Cardano To $7? Analyst Predicts When ADA Will Resume Uptrend Cardano’s ADA Navigates Bearish Waters Meanwhile, despite these technological strides, ADA, Cardano\u2019s native token, has been experiencing a bearish price action. Currently trading at $0.460, ADA has lost nearly 10% of its value over the past week. Analyst Ali has recently drawn parallels between ADA\u2019s current consolidation phase and its pattern in late 2020. According to Ali’s analysis, should Cardano follow its late 2020 trajectory, ADA could witness a substantial upswing, potentially reaching new highs. #Cardano‘s current consolidation phase mirrors its late 2020 behavior. If history repeats itself, we might see $ADA resuming its upward trend around April. This pattern continuation could potentially lead to an upswing toward $0.80, a brief correction to $0.60, then $7! pic.twitter.com\/RuRA2EDMNP \u2014 Ali (@ali_charts) January 19, 2024 Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":515552,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,89348,79508,91350,134,12332,84262,6664],"class_list":["post-571524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-prediction","tag-adausdt","tag-ali-chart","tag-altcoin","tag-cardano","tag-cardano-future","tag-crypto"],"acf":[],"yoast_head":"\nWhy Cardano Could Be The Next Big Crypto Winner: An Influencer's Perspective<\/title>\n<meta name=\"description\" content=\"In a recent video from 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Cardano Could Be The Next Big Crypto Winner: An Influencer’s Perspective","url":"http:\/\/wncen.com\/news\/cardano\/why-cardano-could-be-the-next-big-crypto-winner-an-influencers-perspective\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/why-cardano-could-be-the-next-big-crypto-winner-an-influencers-perspective\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Cardano-ADA-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Cardano-ADA-1.jpeg?fit=1200%2C600"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada prediction","adausdt","ali chart","altcoin","cardano","cardano future","crypto"],"dateCreated":"2024-01-26T03:00:34Z","datePublished":"2024-01-26T03:00:34Z","dateModified":"2024-01-27T21:30:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Cardano Could Be The Next Big Crypto Winner: An Influencer’s Perspective\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/why-cardano-could-be-the-next-big-crypto-winner-an-influencers-perspective\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/why-cardano-could-be-the-next-big-crypto-winner-an-influencers-perspective\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Cardano-ADA-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Cardano-ADA-1.jpeg?fit=1200%2C600\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada prediction\",\"adausdt\",\"ali chart\",\"altcoin\",\"cardano\",\"cardano future\",\"crypto\"],\"dateCreated\":\"2024-01-26T03:00:34Z\",\"datePublished\":\"2024-01-26T03:00:34Z\",\"dateModified\":\"2024-01-27T21:30:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Cardano-ADA-1.jpeg?fit=1200%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/571524"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=571524"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/571524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/515552"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=571524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=571524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=571524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}