It’s been a tough week in the crypto-verse as prices have plunged across the board, and the CoinMarketCap Exchange has not been a pretty sight for many investors. Crypto News Flash!!! We have been here before, and (most) cryptocurrencies have come back stronger than ever. Folks with wise eyes will tell you to pay no mind to the naysayers and keep the faith instead.
Let’s look at how two Goliath of the crypto exchange, Bitcoin (BTC) and Cardano (ADA) look set to come out of all of this smelling of roses. We will also check out newcomer RoboApe (RBA), and how it intends to make investors go bananas.
Bitcoin (BTC) – Michael Sailor Reminds Us to Keep the Faith
CEO of Micro Strategy Michael Sailor’s interview on CNBC this week offered a balanced view of the reality of the crypto crash of 2022. ‘Nobody has ever lost money investing in bitcoin for four years.’
What he means is, as any long-term investor in Bitcoin (BTC) will attest to, any given four-year horizon in Bitcoin’s (BTC) 13-year history has always yielded significant profits. Yes, there are slumps, just like any currency has price crashes, but judge Bitcoin (BTC) over a significant length of time and it has consistently made profits for its investors.
When asked if the recent retreat in cryptocurrency prices represented a good time to buy for investors, he responded: “Absolutely.”
Sailor’s shrewd business acumen has served him pretty well over the years, and he is now worth an estimated $2 Billion. So it’s safe to say he knows a good deal when he sees one.
Shortly before his interview with CNBC on Wednesday, he tweeted another trademark, sarcastic crypto news flash “1 BTC = 1 BTC”, which is his way of reminding everyone to not pay any attention to short-term price movements, and especially not to panic.
Cardano (ADA) – Scaling its Way Out of the Crash
Cardano (ADA) is a high-performance cryptocurrency that sits at number 7 on the CoinMarketCap exchange with a market cap of $16,560,761,261. It is also well poised to bounce back from the crypto crash in 2022.
One reason for this is the hotly anticipated Vasily hard fork that is planned to go live at the end of this month. Back in April, the co-founder and CEO of IO Global (IOG -the company that does all the research and development for Cardano) put out a video on his YouTube channel which caused a lot of excitement for Cardano (ADA) holders. In it he explained why he is so optimistic about the Vasily hard fork:
“As many of you know, a major major major hard fork combination event is happening in June, which is the Vasily hard fork, and that is going to contain pipe lining, which will be a massive performance improvement to Cardano, alongside the first wave of significant Plautus enhancements since Plautus shipped in September.“
There are even more reasons to be cheerful for Cardano (ADA) users. IOG is presently working on Hydra, a layer 2 system, which will endeavor to scale the wider Cardano (ADA) blockchain by cutting down latency and boosting the transactions to up to one million transactions per second. That’s pretty darn fast by anyone’s standards.
RoboApe (RBA) – The Meme Coin with a Difference
RobApe (RBA) is an all-new meme coin with a difference. Most of the play-to-earn games currently available online are centralized, with the seat of power remaining with a select few presiding at the top of the food chain. RoboApe (RBA), as referenced above, will be different. With the RoboApe (RBA) DAO, RBA token holders will be able to vote on key decisions and have genuine input and influence on the ecosystem as a whole moving forward.
This is the future of cryptocurrency, as users now want much more influence and a feeling of belonging and importance in their crypto community.
This inclusivity, among many other cool features like RoboApe Swap, which will bridge isolated blockchain networks for enabling cross-chain token swaps, has generated a feel-good vibe around the new project. If you want to join the presale, follow the link below.
Whether you want to invest in the grandfather of all cryptos, Bitcoin (BTC), or a new and exciting kid on the block like RoboApe (RBA), one thing remains abundantly clear – right now could be the best time to invest in the ever-evolving cryptocurrency market.