Will Cardano reach $100?
Here are the chances for ADA price to increase.
Guys, it's 99.99%, I believe.
Over time.
Everything you need to know as Mithril launches on Cardano.
We got a big Cardano segment here
because we have a big upgrade.
Proof-of-stake blockchain Cardano launched the stake-based protocol Mithril
on mainnet on July 30,
marking a pivotal step towards increased speed and efficiency across the network.
The Mithril upgrade aims to reduce the time required
for nodes to sync with the blockchain.
It enables users to obtain the current state of the blockchain
without retrieving its full history.
The technological upgrade didn't immediately result in price gains for ADA,
as they never do,
according to Santiment.
At the time of writing, the token exchanged hands--
we know it's down a little bit.
We already looked at that.
Despite the launch of Mithril,
development activity on the network trended downwards throughout July.
This could cause some problems
as investors actively assess developer efforts before making capital investments in a blockchain.
Is that true?
Is this really a true statement?
How many--
I want--
let's get percentage here.
Tim, I want your opinion on this. Nick too.
What percentage of crypto investors look at the activity on the blockchain
from a development perspective before they throw money in a ticker symbol?
Less than 5%.
- Nick? - All the dumb ones.
"All the dumb ones." Wait.
Okay.
- Nick's giving you a very high number here. - Yeah.
I'm with Tim.
Less--
definitely, I'm going to say less than 10%.
- Just not give the exact same number. - Yeah.
Definitely less than 10%.
There's no way.
So there we go.
Now, what is--
what does this upgrade do exactly?
Reduces the time required for nodes to sync with the blockchain.
Well, thank God!
Have you ever downloaded like the Daedalus wallet?
Is it "Deadalus" or "Daedalus"?
- I've always said "Daedalus", yeah. - "Daedalus"
The Daedalus wallet.
And have you ever--
have you ever "sanc" that thing?
You ever "sanc" it?
- Oh, yeah. - That's the past tense of sync?
- Many-- - How long does it take?
Like, six or eight hours?
- Sometimes, it takes days. - Yeah.
It depends on how fast your machine is.
- This reduces the time to sync, so-- - Yeah.
now, these are from the nodes,
so is--
your Daedalus wallet is not considering a node on there, is it?
Well, it's not with your Daedalus. It's with the Mithril wallet.
- With the Mithril wallet? - Yeah, it's like a layer on Daedalus.
- And then-- - Oh, it's a layer on Daedalus.
So, like, if you wanted to set up a voting booth somewhere in Africa
and, like, actually get votes going, you could do it in, like, two hours
- instead of it taking three days. - Thank God.
- So, in my opinion, I think this is huge for Cardano. - Yeah, it's big.
Let's see.
There's Aunt Lynn.
- She's back in the chat. - Yeah.
​"I already have a big bag of ADA, but I will consider buying more at $0.26."
Aunt Lynn, hey, I want you to know,
we had no weird innuendos today just for you.
A beginner's guide to the Cardano network--
did we put our beginner's guide to Cardano network?
- It's in the description. - Yeah.
- It's in the description? - Of this video.
Well, then, let--
why would we even show this?
Go down in the description.
We have a Cardano video for you guys.
Go check it out.
It's your beginner's guide to Cardano.
So go check that out.
Guys, we don't want to support Coin-tell-a-lie.
Everything here is false anyways.
Okay.
Alright. What are we doing here?
Will Cardano reach $100?
- Wait. Is this supposed to be for Smash Or Pass? - No.
Smash Or Pass is going to be Mantle.
- Man, this is just the last article in-- - Mantle?
Yeah. And you just talked about it this morning, didn't you?
- You-- that was already planned? - It was already--
that's something I think Johnny--
- Wow! - Yeah.
Interesting.
Will Cardano reach $100?
Here are the chances for ADA price to increase.
Guys, it's 99.99%, I believe.
Over time.
Cardano's all-time high came in September 2021,
when the price of ADA hit a price of $3.10.
At that point, the market capitalization of Cardano was approximately $95 billion.
However, some Cardano investors believe the potential upside of Cardano is much higher,
and we often see $100 being proposed as a potential Cardano price target.
So, can Cardano reach $100 at some point in the future?
Cardano reaching $100 would be very difficult, to say the least.
While ADA is predicted to gain +372% and reach $1.45 in the next year,
that's still a far cry compared to the +32,260% increase
the crypto would have to pull of for it to reach $100 a coin.
Guys,
ADA is not reaching $100 a coin.
- That's only $3.5 trillion market cap. - Agree?
- How much? - $3.5 trillion.
The only argument to say it could--
the only argument to say it could is when you talk about
are we talking about what the dollar currently is?
Or hyperinflation comes into play.
At some point, the dollar is going to continue to become more and more worthless
in which case some of these outrageous predictions
- Could be true, yeah. Fair point. - could come true because of how bad the dollar is.
- But the argument-- - You know, it's not a bad point, Tim.
- It's not a bad point. - The argument of what the dollar is currently worth, no.
- If the dollar didn't inflate a single bit more, - Yeah.
- Cardano will not reach $100. - Not a chance.
- XRP will not reach $589. - Not a chance.
- Oh, man. - But with hyperinflation,
all of these are actually plausible.
That's my guy CryptoMuscle!
CryptoMuscle is my guy that made this for me.
Guys, out of all the stuff--
I also got my XRP Army hat a guy made for me was really cool.
Or a soldier's helmet, army helmet, whatever you want to call it.
Not a hat.
But this here,
this is the golden thing that I was given,
along with some honey.
Honey is gold too.
Somebody gave me some honey.
But this is amazing.
And I love it.
And when people don't like it, you know what I do?
Hit it again.
- Amazing. - He takes it home every day.
Every day.
Okay. So, alright, we're going to skip over this.
Mithril
Oh, here's where we talked about Mithril on the--
this is our video!
We're not going to show the video.
You guys, you've got to go watch.
And I tell you what,
what stands out to you on this? On this video here?
You're wearing the wrong shirt.
Aunt Lynn's not going to like this.
- Oh, nips? - She didn't say she was any--
she didn't say she was against the waist up.
She didn't say she was.
I tell you what, look at the--
I tell you what, you see these little--
you see these little shovels right here?
- I've found a mountain of gold down here and here. - Yeah.