A Big Weekend?
This weekend sees the 2021 Cardano Summit take place with big announcements expected. There is a lot of hype right now with many guessing what those could be and more like buy the rumor and sell the news.
I am more interested in the partnerships that are going to be announced as I am not a big Cardano fan If I am honest but more about where COTI fits in as they are partnered at the hip. COTI is already the brains behind ADAPAY and my guess is there is more to come. Cardano is the 3rd biggest market cap crypto and has 72% of it's stake staked which tells you investors expect far more and are in it for the long term. We saw something similar happen with Leo on @leofinance as the community believes in the team and what they are doing.
The one announcement expected to happen is that COTI is creating a stable coin for ADA plus the fees will be settled with COTI. If that is true then COTI is going to move up the rankings very quickly from where it currently sits. This kind of makes sense as DJED the proposed name for the Singapore Central Bank digital currency is possibly heading COTI's way it seems.
source COTI is not just a fintech coin offering everything a bank does right now but it is also a stable coin producer which of course have fees processed in COTI. I was not aware of what type of impact that could have but from what I have been reading it is very big.
COTI expected to break the ATH of 57c in the next few days especially now Coinbase, Huobi and Crypto.com have been added since that happened several months ago. Something is definitely happening as there is momentum right now.
I have been researching various altcoins for months and only a few popped out as I am more interested in the services that they provide. Many alt coins have use cases but I was looking for the service side of things as that is where I believe the real value is going to eventually be made.
source Bank accounts and Debit cards are now live on the Trustchain with COTI.
The two that popped out I have mentioned in previous posts namely COTI which is more based on banking and financials plus AVA which is for the travel industry. Both of these have use cases more than just staking and expect them to be adopted by the masses in the years to come.
Crypto is still in the early stages and there will be plenty of announcements over the next few years that could change ones fortune literally overnight depending on the bags you are holding. We saw what happened with Bitcoin over the last 18 months go from $3000 to $60 000 which is a 20x and that is nothing compared to what we will see on some of the alts.
My thought process right now is to concentrate on 3 or 4 different projects besides Hive as spreading yourself too thin will not bring life changing wealth. If you have 4 decent sized bags that kind of makes more sense than holding 20 small bags as if they hit big you will do well but it won't be life changing. The biggest headache is finding these gems early enough so that you can do the 200 or 1000x gains.
Posted Using LeoFinance Beta
