In a recent tweet on March 9th, Mike Novogratz asked his huge follower base about details on Cardano (ADA), inquiring about the number of users, reasoning for the huge gain in market cap. “It’s one of the few cryptos I haven’t traded in my life,” said Mike in the tweet.
Many people responded to Mike’s tweet, including the founder of Cardano Charles Hoskinson. Charles said that he would gladly share all of the information about Cardano’s growth and success with Mike. Novogratz has been quite a popular figure in terms of crypto investments, and it’s no surprise that the Founder of Cardano is looking for an opportunity to get Billionaire Mike Novogratz in putting a potential investment into $ADA, which would be a great event for the growing crypto to attract more users from the influence of Mike.
Mike Novogratz is not a personality you want to ignore. He was the first Wall Street Analyst to invest in cryptocurrency. His investment firm, Galaxy Digital, offers many excellent services such as business consultancy, asset care, and trading techniques to companies, contributing to his wealthy Billionaire status.
ADA’s Growth Strategies
ADA has seen an enormous boost since the past few years, racing in the top leaderboards, outpacing many other cryptos in value. ADA grew a staggering 500% in just a year of 2021, crossing the $1 barrier from just a mere $0.18 at the beginning of 2020.
With the help of many major development projects, ADA has maintained a stable increase in value. Founder of Cardano Charles Hoskinson has teased even more partnerships and system integrations with many big names in the industry. FD7, an investment fund in Dubai, is also planning to sell around $750Million worth of Bitcoin, shifting their interest into ADA and Polkadot, respectively. Adding to that, famous rock band bassist Gene Simmons has also invested around $300k into ADA, boosting the value and price of the crypto to skyrocketing record percentages.
Cardano’s system was also upgraded this week with the Mary protocol, which will help further enhance the security-based capabilities of the system, providing more secure and safe transactions for the network and its decentralized applications.