The slow and steady uptrend for cardano and polkadot has been consistent and there is impressive progress.
FD7 Ventures investment funds’ latest announcement of selling $750 million worth of bitcoin, in exchange for Polkadot and Cardano has caused quite a stir in the market chronology. The Dubai-based financial Firm’s decision has worked in favour of the two altcoins creating a bullish atmosphere.
In a recent press release, Managing partner Prakash Chand has predicted that in the coming 2-3 years the price of Cardano and Polkadot could rise by 20 times.
This could literally mean that Cardano will be at $20 and Polkadot would be skyrocketing at $700.
ADA and DOT Price Posied for Massive Rally?
Chand strongly believes that along with ethereum, these two altcoins have the power to change the way business is done around the world. He is hinting towards the end of traditional business ethics and organisations are starting to believe that these altcoins have the potential to change the world.
His statement recorded that companies like Tesla, which holds 1.5 billion in BTC may move some of it’s fund to DOT, ETH and ADA.
Chands statement “Bitcoin is useless” created a mess and he feels that it was taken out of context.
He said that he shouldn’t have used the word useless but as a technologist he feels that DOT ETH and ADA have strong potential to change the world with meaningful projects.
He is impressed by the founder Charles Hoskinson and their involvement with the development community. Cardano has the ability to address real-world problems like Smart Contracts and financial access to millions of unbanked individuals in African nation-states.
The Polkadot protocol, on the other hand, provides a robust ecosystem to develop decentralized platforms for Web3, according to Chand.
Fellow FD7 managing partner, Q.Dhalla said that,
“I am getting calls from institutional investors who weren’t even aware of Cardano and it’s ADA token, but are expressing interest. This is all happening as institutions are just catching up to what Bitcoin is over a decade after it was created.” He went on to say, “Think about this, Bitcoin was created in 2009 and took it this long for real institutional money to pour in. We even have Bitcoin ETFs now.”
He believes that this time institutional money will not wait 10 years as it happened with bitcoin. when it comes to Cardano, Polkadot, and Ethereum these altcoins will scale and move much faster.