Managing Director of Dubai-based crypto investment fund FD7 Ventures Prakash Chand is confident that the rate of Cardano (ADA) andPolkadot (DOT) will grow 20 times in the next 2-3 years.
In addition, he also notes growing interest from institutional investors and believes that this trend will gain momentum.
“The potential for these projects, as well as Ethereum, is huge to change the way people do business.”, Chand said.“In my opinion, these three projects will revolutionize various fields, from healthcare to real estate and finance.”, he added.
Institutional Investors Show Interest
Managing partner of FD7 K.Dhalla noted that he gets calls from institutional investors “who have no idea about Cardano and ADA.” However, they show interest. Recall that Cardano recently entered the top 3 by market capitalization
Dhalla believes that “we are on the thresholdmass institutional adoption of cryptocurrency." According to him, ten years after the emergence of Bitcoin (BTC), institutions are finally paying attention to the new asset.
Many are ready to diversify their portfolios and are paying attention to other applications of blockchain.
“Bitcoin has proven the concept to work and has created confidence in the market. In doing so, it paved the way for the emergence of innovative altcoins.”, he explained.
BTC is not completely useless
FD7 Ventures recently announced that it will sellBitcoins (BTC) for $750 million to buy ADA and DOT. Chand explained this decision by saying that altcoins better meet investment needs. He also added that he believes Bitcoin is actually worthless.
“Perhaps not the best word.”, he then admitted.
The expert gives Bitcoin its due as a market pioneer. In addition, it has created a brand and many institutional investors are more comfortable dealing with Bitcoin.
“Bitcoin can be used as a means ofsavings, but beyond that it provides little in terms of real utility and industry innovation,” he explained. “But I firmly believe that ADA, DOT and ETH have the potential to change the world by opening the door to innovative projects.”, the expert concluded.
FD7 has invested $250 million in a micro fund in Bengaluru. It will focus on developing the ADA and DOT ecosystems.
The microfund plans to invest 1-5 milliondollars per year in 50 companies developing applications based on ADA and DOT. Depending on the growth rate, about 30% of these companies will receive secondary investments from $5 to $20 million.
Where is it more profitable to buy Polkadot and Cardano? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
Rate this publication
Read this:
Over 3 years, the number of Binance employees increased by 2000%
After the correction, the bitcoin price will rise to $ 250,000 by the end of 2021
Cardano introduced its own system of oracles
Cardano prepares for fork Ouroborous BFT
Mary update launched on Cardano network
Polkadot Futures Down 99% In Minute