Cardano is *like* getting an European passport ๐ช๐บ... so the next $XRP is $ADA??
You've probably heard of Cardano's recent MiCA compliance. That is something major to pay attention to. We've seen similar incidents with Ripple's $RLUSD and $XRP . And we all know how that went ๐
Now the next interest is Cardano. Although it's not fully clear why the EU is showing interest in these assets (rather than the very obvious) they're interested. Based on what we know (of both) this will mean #ADA is now becoming the next XRP
I have a case supporting it rather than just seeing the pattern so let's dive into a short summaryโฆ
๐ช๐บ Now with EU compliance, ADA is now seen as less of a wild west token and more of a serious player. Cardano's focus on compliance and sustainability is something to note and potentially attracting more institutional investors.ย
EU businesses might look at Cardano for blockchain solutions, pushing demand for $ADA as a utility token within these applications. (Let me know in the comments if you live there and know some updates ๐ฆป)
The state of ADA nowโฆ
As of early Jan, it's marke cap is around $38 billion, and it's price is hovering around $1.08. It's definitely not at its ATH. But it's showing signs of stability and growth.
The buzz around compliance has kept ADA in the green. People are talking about Cardano like it's the blockchain with a plan, which is good for the long term value. (Investors read that again)
Recent trends show ADA sticking around key support levels, suggesting a potential for a breakout if the EU news continues to drive positive sentiment. Now this is important. When you hear another โgoodโ news from the EU, expect a ๐
What can we expectโฆ
In the short term, I believe it's going to be a steady growth (not sudden crazy bumps like memecoins) in parallel with favorable policies. I don't mean that with just the EU but also the rest of the world.
In the long termโฆ If Cardano keeps up the good work with regulatory compliance and ecosystem development, ADA has the potential to climb higher. Think of it as slowly ascending a very tall mountain, with each regulatory win or project launch being another step up.ย
Keep an eye on how Cardano's DeFi ecosystem evolves too. That's where the real magic could happen for ADA.
Follow me for more updatesโฆ
#Cardano
#Binance
#Market_Update
Now the next interest is Cardano. Although it's not fully clear why the EU is showing interest in these assets (rather than the very obvious) they're interested. Based on what we know (of both) this will mean #ADA is now becoming the next XRP
I have a case supporting it rather than just seeing the pattern so let's dive into a short summaryโฆ
๐ช๐บ Now with EU compliance, ADA is now seen as less of a wild west token and more of a serious player. Cardano's focus on compliance and sustainability is something to note and potentially attracting more institutional investors.ย
EU businesses might look at Cardano for blockchain solutions, pushing demand for $ADA as a utility token within these applications. (Let me know in the comments if you live there and know some updates ๐ฆป)
The state of ADA nowโฆ
As of early Jan, it's marke cap is around $38 billion, and it's price is hovering around $1.08. It's definitely not at its ATH. But it's showing signs of stability and growth.
The buzz around compliance has kept ADA in the green. People are talking about Cardano like it's the blockchain with a plan, which is good for the long term value. (Investors read that again)
Recent trends show ADA sticking around key support levels, suggesting a potential for a breakout if the EU news continues to drive positive sentiment. Now this is important. When you hear another โgoodโ news from the EU, expect a ๐
What can we expectโฆ
In the short term, I believe it's going to be a steady growth (not sudden crazy bumps like memecoins) in parallel with favorable policies. I don't mean that with just the EU but also the rest of the world.
In the long termโฆ If Cardano keeps up the good work with regulatory compliance and ecosystem development, ADA has the potential to climb higher. Think of it as slowly ascending a very tall mountain, with each regulatory win or project launch being another step up.ย
Keep an eye on how Cardano's DeFi ecosystem evolves too. That's where the real magic could happen for ADA.
Follow me for more updatesโฆ
#Cardano
#Binance
#Market_Update
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
ADA
0.9382
-6.29%
XRP
2.3562
+1.14%
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