Ben Armstrong News: Last weekend, crypto analyst and expert Ben Armstrong, host of the YouTube channel “BitBoy Crypto”, talked about Cardano ($ADA) in a video for his popular YouTube channel. Armstrong said the following about Cardano, one of the leading cryptocurrencies:
Roadmaps are carefully drawn to keep mistakes to a minimum and be prepared for any surprises. Even on their website, they describe Cardano as peer-reviewed and evidence-based. This precision approach means that Cardano is ready to be a lean and powerful tool, ready to take the lead over its competitors. To say that I am optimistic about Cardano is an understatement… The founder of cryptocurrency Cardano, Charles Hodgkinson, has brought the adoption of decentralization to a certain point, the importance of which should be emphasized often…
Cardano’s place among cryptocurrencies
Cardano wants to help second and third world nations break out of poverty and heal their people. A lot of the reasons countries like Colombia or Botswana struggle is because they lack the infrastructure to protect people’s property. How can you show proof of ownership of land or agricultural equipment or an insurance policy if governments or insurance companies only have no records other than traces of documents going back to the time of the last military coup?
According to Armstrong, the price for Cardano in this cycle is discreetly 4 times its current price of $1.70, which makes it $6.80. Continuing the words, Armstrong said:
I bought Cardano in January when it was around 15 cents for ADA. I saw its potential and grew: I bought a million ADA. So far, this has worked really well for me. Really good… But what sets ADA for such a big pump is its incredible resilience to price fluctuations during this bull run compared to other alternatives. It has repeatedly broken its all-time high… In my most optimistic scenario, I predict ADA could reach $8 to $9 this year.
Currently (as of June 4) on crypto exchange Kraken, ADA is trading around $1,7001, up 835.66% year-to-date, according to data published by TradingView.