Cardano (ADA) may be doing badly right now, but a look at its fundamentals show that it is one crypto that has a great future ahead of it. To understand this, one needs to look at the NKB report on Cardano that was released yesterday. Everything in this report to a Cardano as a crypto that is heavily under-valued relative to its fundamental strengths.
One of the key highlights of the report is that Cardano has a very strong use case across multiple industries. For instance, Cardano is already being used by the national research and education network of Greece. Under this initiative, Cardano is being tested out in the validation of university diplomas. This is a strong use case for Cardano, one that is likely to see this blockchain gain a widespread use in the education sector all across the world. That’s because the issue of academic document forgeries is a big one, and is not limited to any one jurisdiction.
Another interesting use case for Cardano (ADA) according to this report is in smart contract applications that can be used in the mobile market, especially in the mobile gaming market. This is a big deal because the mobile gaming industry is a billion dollar industry, and one that is growing exponentially every year. In essence, if Cardano (ADA) can take control of just a segment of this market through smart contracts, the value of Cardano (ADA) would shoot up by a huge margin.
It is also interesting that ICOs are already running on the Cardano network, and these are adding to the intrinsic value of the Cardano blockchain. For instance, Traxia, a project running on Cardano aims to convert invoices into tradable assets. A huge adoption of this ICO will add to the overall value of the Cardano blockchain in the long-run.
However, the most interesting use case to Cardano is, as a currency. According to the Cardano roadmap, the team intends to launch Cardano debit cards at some point in the future. This is a big deal because it will take Cardano to the masses. Part of the reason why cryptocurrencies are struggling with adoption is because, only a very small segment of the population understands how to use them. In essence, by taking the step to launch a debit card, the Cardano team would be giving the average person, who has no idea what cryptos are about, the chance to experience its efficiency in a manner that they understand. Besides, this would also entice more businesses to adopt Cardano, further pushing up its value.
All these factors point to a future where the value of Cardano (ADA) could rise up significantly, as the team continues to work on the project road map. In the next 5 years, Cardano (ADA) could easily be worth upwards of $10 a coin. There is simply very few platform blockchains that have the same capabilities as Cardano. That’s why accumulating on Cardano (ADA) at current prices is not such a bad idea. In a few years, one will look back with awe, at a time when Cardano (ADA) will be trading at multiples of its current price levels.