Is Cardano (ADA) the Next Token on BTC Bull Mike Novogratz’s Radar?

The CEO of Galaxy Digital Micheal Novogratz, in a recent tweet, expressed his curiosity about Cardano. Asking the Twitter population about its use cases, if anyone builds on it, and the reason behind the high market cap.

The billionaire in his tweet even mentioned that Cardano(ADA) is one of the few cryptos he has never traded in his life.

In response to the tweet, Charles Hoskinson replied he would be happy to have a talk with the investor.

The tweet read, “Happy to have a call, Mike” 

Novogratz is a known Bitcoin bull, and one of the early wall Streeters who hopped on the cryptocurrency, digital asset arena, and holds massive tokens of Bitcoin and some other cryptocurrencies too.

What’s in store for Cardano?

Cardano is the fourth-largest cryptocurrency by market capitalization and has witnessed a yearly gain of a massive1383.8%.

The long-awaited ‘Mary’ protocol upgrade surged the price growth of the native token ADA  by 19%. After going live, the protocol achieved enhanced security and multi-asset compatibility and development of DApps on the platform.

Cardano(ADA) has some important developments lined up, the CEO, Hoskinson has hinted at new partnerships and collaborations with big names in the industry are likely to happen.

The token is getting widely noticed as an investment option now, weeks ago FD7 Ventures announcement mentioned increasing holdings of Cardano alongside Polkadot by selling off bitcoin.

Hoskinson expects Cardano to overtake Ethereum as he believes Ethereum is ‘Riskier from engineering and research viewpoint” and it will be difficult for Ethereum 2.0.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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