This is one of the coin in which I have been interested and invested in. A couple of months ago I got invested into this coin at a price of .06 and recently if you see the price went up to .13 and now it is around .12.

I have always found Cardano very promising amongst all the altcoins and hopeful of it giving good returns over a period of time and I see that it is keeping up to it's expectations.

Well I do not understand technicalities of the Crypto price functioning, but with the little understanding I can get, there are some favorable conditions for Cardano which is leading to it's price rise.

1. End of this month there will be a Hardfork happening for Cardano. Cardano does not have any miners, users who run the nodes maintain it by staking and in return benefit from the rewards system. It is based on the Shelley upgrade and as it advances the platform becomes more and more decentralized compared to other blockchain networks, which makes it more attractive for the end users.

2. In the last 2 years, Cardano has finally broken it's critical resistance level which has caught the attention of the traders.

3. The 3rd one I do not understand it very well but it is the growth of the DeFi market. Now how it is driving the price I am not sure, but it is impacting in some way

Source

In the last 2 years, we have seen a huge decline and stagnancy with most of the Altcoins. Cardano gives hope to it's investors. Since the price is so less it is a good entry point even for now and keep it for some period of time and I am sure it is going to give back good returns. The one good thing that I see for this coin is that it has been on a continous improvement road
It is a good investment for small time investors, but again Crypto space is an unpredictable one so one can never say with 100% guarantee the ups and downs of it.
It is a risk that one needs to take and yes if it booms it's good luck.
My suggestion is to not go in for very big stakes so that even if it does not perform well it does not hurt much.

But from the place where we are now, down the line the coins will have some good value from what it is now, so the risk level is not much unless the value becomes zero :-)

Let me know what are your views on this coin, do you think it has a potential to reach to a value of $1 over a period of time. I have a feeling it will.

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