And with Bitcoin struggling to reach $40,000 as the United States bans Russian oil, gold is reaching new record highs and some analyst from Bloomberg believes that Ethereum could drop back down to $1,700 as a bearish target. Should you buy Bitcoin? Should you buy Altcoins? What should you do right now in this market?
In the latest video, Joe Parys, an entrepreneur in crypto, has shared some new cryptocurrency project that is set to explode in the very near future.
Adadao (ADAO)
The next potential altcoin that could go to 5x or 10x is going to be a new project just announced literally an hour ago called Adadao (ADAO). Adadao is a DeFi protocol on the Cardano blockchain which facilitates the creation of fully collateralized stable coins leveraging Native Cardano Assets.
The IDO date is set for Monday, March 21st. Adadao is going to be launching on BSC pad ADAPad and VelasPad in order to participate with the whitelisting.
This cryptocurrency could help you potentially multiply your money with crypto. Adadao is the world’s first interest-free stable coin protocol built on Cardano (ADA). Adadao is going to be a protocol that facilitates the creation of fully collateralized stablecoins leveraging native Cardano assets.
Adadao could be one of the first ones to get a usable and sustainable Cardano stablecoin.
Adadao is going to be a decentralized protocol which means it’s a completely trustless protocol based on smart contracts. It also will be the first stablecoin project based on interest fee, borrowing, and it will be built on Cardano, bringing a volatility-free mobile and accessible stablecoin to the Cardano ecosystem.
AUSD stablecoin is going to be a soft-packed cryptocurrency decentralized unbiased collateral backed and can be stored in your wallet or other users platform.
The ADAO token is going to be a governance token that will reward holders with profits from ADAO and allow those who hold it to vote on changes for the project’s parameters and protocols with decentralized stablecoins that have been absolutely exploding.
ADADAO will allow users to create and collateralize a vault, generate AUSD from the collateralized vault, pay down debt, and withdraw collateral.
Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587
Read more: