Cardano: +200% returns in 3 years! [case-study]
Note: All price related data is fetched from everycoinprice.com
Scroll to bottom for investment summaries for Cardano($1000 invested in 3 years)
Cardano (ADA) is a blockchain platform that is public in nature. All of its code is open source and like most cryptocurrencies it is decentralised as well. Charles Hoskinson founded Cardano in 2015. He is also the co-founder of Ethereum, another popular cryptocurrency.
We will see returns on Cardano investments over 3+ years for crypto investors
If we look at the price over 3 years time, Cardano returned 200%–300% variable returns over this period of time
If we look at returns over 1 years time. We would see that price has been up +300% in the first six months but dipped more than 250% from there. But, this is the nature of crypto. It goes up , it goes down but strong currencies always returns positive returns on investments over period of 3 to 5 years.
The past 6 to 1 month has been been great for Cardano(ADA) as we see dimnishing returns
Cardano (ADA) is on the rise again with 5% rise in the past 24 hours
$1000 invested in Cardano(ADA) on 1st April, 2018 would be worth
- $114 on 1st February, 2020
- $3771 on 1st February, 2021
- $8857 on 1st August, 2021
- $2857 on 1st February, 2022
This is for Cardano(ADA). We would cover more cryptocurrencies like Ethereum, Polkadot and Algorand in our next posts.
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Note: Not financial advice