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Best cryptocurrency for returns: buy Cardano (ADA) now?

A top analyst says: Cardano could rise to $ 10 in this bull run. Is ADA facing a massive rally?

Buy ADA now from eToro

Which cryptocurrency to buy today? Top candidate: Cardano (ADA)

There was brief excitement in the crypto markets yesterday: The US supermarket chain Walmart will in future accept Litecoin (LTC) as a means of payment, a false report announced. The fake news not only caused the Litecoin price to explode – Bitcoin, Ethereum and Cardano were also temporarily impressed and twitched north. However, Walmart denied – and prices tumbled again.


Cardano (ADA) is recovering after a slight slump. Source:

The decline at Cardano directly followed the introduction of the long-awaited smart contract functionality in the mainnet last Sunday. Smart contracts are intended to raise the project to a level with platforms such as Ethereum or Avalanche and enable both DeFi apps and NFT marketplaces on Cardano.

Analysts reckon that the ADA course could benefit hugely if the smart contract functionality can do what it says on the tin. This also includes low fees – a feature that top smart contract platform Ethereum, for example, lacks and is extremely counterproductive for the growth of the coin. The smart contract ecosystem on Cardano is currently still in the making: There are not many apps, the entire functionality has not yet been extensively proven.

However, this is exactly what the ADA course could do extreme updraft procure: If ADA succeeds as a smart contract platform in pulling market share from Ethereum or even overtaking Ethereum as the leading crypto currency for smart contracts, the price of the coin could multiply. The professional trader Michaël van de Poppe (@CryptoMichNL on Twitter), for example, gives a corresponding price target in a recent tweet. He writes to his more than 404,000 followers: Cardano (ADA) could rise to $ 10 in this bull run.

Which is the best cryptocurrency? Predictions see ADA way ahead

Poppe is not alone with his bullish forecast. Numerous forecast models also expect a corresponding development at ADA and assume that the ADA price will continue its upward trend:

  • predicts ADA to climb to $ 4.74 over the next 12 months. The 5-year forecast is Cardano (ADA) then by 2026 at $ 13.97.
  • Digitalcoincoin expects a similar price trend at Cardano. A price of $ 3.54 is expected here by the end of 2021. In 2023 ADA will be quoted at $ 4.91, and in 2025 at $ 7.07. According to the long-term forecast, Cardano will not break the $ 10 mark until 2028 and rise to $ 10.62.

Buy cryptocurrency Instructions: How can I buy CARDANO (ADA) from eToro?

One of the best places to go to buy cryptocurrencies like Cardano (ADA) is our test winner eToro. I explain how to do this in this step-by-step registration.

Step 1: Registration

The first thing you have to do is to register on the website and enter your email address, username and password. You then have to accept the general terms and conditions. You will then receive an email from eToro with a verification link. As soon as you click on it, your account is verified and the registration is complete.

etoro step 1

Step 2: Top up your account

In step 2, money is loaded. After that it is already possible to buy CARDANO (ADA). For this we click on “Deposit money“. The button is located at the bottom left in the menu. Now enter the payment method and the amount to be topped up.

Customers can choose from at eToro different payment methods Select. This ensures that you can buy cryptocurrencies in the most practical way for you.

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Step 3: Buy CARDANO (ADA) from eToro

Once your account has been topped up, you can immediately buy cryptocurrencies. Simply enter the name of the crypto currency, i.e. CARDANO (ADA), into the Search bar at the top a. Next you will be shown the respective coin. Click on it and a new page will appear with more information.

You can then see the possible purchase options via the “Trading“Button. You can choose from the following settings:

  • Buy or sell: Here you set the respective purchase option.
  • Immediately or order: Here you choose whether the purchase should be carried out immediately or time-controlled.
  • number: Here you set the number of CARDANO (ADA) coins that you want to buy.
  • Stop Loss and Take Profit: Each position is automatically closed as soon as you have reached a certain profit or loss.
  • Leverage: With one click on X1 you buy real CARDANO (ADA) coins. With X2 you choose a CARDANO (ADA) -CFD.

67% of retail investor accounts lose money when trading CFDs from this provider.

Last updated on September 14, 2021

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Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.


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