Cardano was predicted to hit a price of $0.63 by the end of 2022, according to 53 industry specialists on finder.com.
From a current Cardano price of $0.47 you're looking at 34% returns over the next four months.
It means if you buy $1,000 Cardano in August, you could have $1,340 in December.
But what if you could turn a $1,000 investment in August into $10,340 by December?
Below, we'll look at this explosive prediction for the reflection token that's taking 2022 by storm: EverGrow.
Cardano began 2022 with the price of ADA at $0.96.
Fast-forward to August, and Cardano has been finding support at $0.47. Since the crypto crash in early may, Cardano hasn't held above $0.6 for more than 48 hours. The Cardano prediction from 53 crypto experts says that Cardano will finish 2022 with a price of $0.63.
Now let's look at EverGrow.
Capital.com gave EverGrow a prediction of $0.0000015 to finish the year with. From a current price of $0.000000145, that's a growth of 934%. It means an investment of $1,000 today could grow to $10,340 within the next four months.
We'll get to the roadmap below, but the key piece to the puzzle is that EverGrow has a small market cap of just $68 million. For the market cap to grow 934% it would hit $703 million. Meanwhile, for Cardano to grow just 34% its market cap could need to grow over $5 billion.
This is why small cap cryptocurrencies like EverGrow always have the potential for much more growth than a large-cap cryptocurrency like Cardano.
EverGrow is a reflection token that aims to become the top crypto for passive income.
So far, it's doing insanely well.
Had you invested in EverGrow when it launched late last year, you would have made an APY of 198.6% on your initial investment.
Through the EverGrow reflection tax of 14%. The tax is split so 8% is redistributed every six hours to all holders in the BUSD stablecoin. At the peak daily trading volume of $60 million this meant $4.8 million passive income for all EverGrow holders in a 24-hour period (how much they got depends on the size of their position).
So let's look at that prediction once more. After paying the transaction tax, you only get $860 dollars of EverGrow. But for the last time, EverGrow had a price of $0.0000015 it had a daily trading volume of $6,344,471.
If you use the EverGrow calculator and set the balance to $860 of EverGrow today (5.9 billion $EGC) and the daily trading volume to $6,344,471 you could be earning $204.23 BUSD in passive income per month.
While it's not $10,000, there's still a whole range of benefits to earning a yield of 20% on your investment in a single month. For starters, you can use that BUSD without selling any of your underlying $EGC position (so you can continue earning the same passive income). But you can also withdraw that BUSD or re-invest it in seconds through the Binance exchange.
Of course, if you put in $10,000 today (after paying the 14% transaction tax) you'd be looking at $2,042 BUSD monthly.
Many crypto analysts suggest the next crypto bull market won't come around until 2023 or 2024.
But EverGrow has a number of applications in development that aim to bring in higher daily trading volume before the year is over.
Each of these applications could revolutionise the passive income for a range of artists, musicians, writers, teachers, instructors, gamers, content creators, celebrities, sportspeople, and more.
And, of course, they will each boost the profile of EverGrow as the number one cryptocurrency for passive income.
Cardano has a great future ahead of it. But as a large-cap cryptocurrency, it's not certain that your portfolio will see triple-figure returns in the next 12 months. For quicker gains you'll need to get into the small-cap cryptocurrencies ready to burst onto the scene in 2022 – if this is what you're after, EverGrow could be your better bet.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.