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USDT $1.00 (-0.0%)
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BSV $131.16 (-2.6%)
LTC $153.06 (0.37%)
BNB $349.81 (-0.4%)
ADA $2.29 (-5.2%)
DOGE $0.20 (-0.2%)
BTC $43399.57 (1.60%)
ETH $3050.19 (4.17%)
USDT $1.00 (-0.0%)
BCH $517.57 (0.42%)
BSV $131.16 (-2.6%)
LTC $153.06 (0.37%)
BNB $349.81 (-0.4%)
ADA $2.29 (-5.2%)
DOGE $0.20 (-0.2%)

MSN Money Says Long-Term Investors Should Hold Cardano

MSN Money Says Long-Term Investors Should Hold Cardano
  • MSN said that long-term crypto investors should have Cardano in their wallets.
  • MSN also said long-term ADA holders have seen great returns in the first half of 2021.

MSN said that long-term crypto investors should have Cardano in their wallets.

According to MSN, long-term Cardano (ADA) holders have seen great returns in the first half of 2021.

In addition, the firm said that despite the rapid-sell-off in most cryptos in the past few weeks, year-to-date, ADA-USD is up over 610%. Also, MSN noted that $1,000 invested in the crypto back then would now be worth around $7,100.

MSN Money also pointed out Bitcoin and Ethereum. The firm stressed that the 2 largest cryptos are up 12% and 168%, respectively. And for a more complete picture, Apple and Paypal are up 11% and 31%, respectively.

Further, MSN added that given the juicy returns in crypto, ADA bulls may now wonder if the run-up in ADA-USD can continue in the rest of the year. Moreover, MSN warned investors about the risks of short-term investment.

MSN said,

“Interested investors should remember the altcoin space is very choppy, especially in the short run. Nonetheless, the long-term up move in many cryptos like Cardano is possibly just beginning. Let’s see why.”

Aside from this, MSN said “alternative investments” such as ADA can form a balanced portfolio.

“To be sure, 2021 has shown that alternative investments such as cryptos can enhance returns of traditional stock portfolios. As digital currencies and especially the blockchain technology become more utilized, I expect the growth tokens like ADA to continue,” MSN Money noted.

According to CoinMarketCap, ADA is trading $1.19 with a 24-hour trading volume of $1,372,963,257 at the time of writing.

Roland Guirdonan can be found writing, developing, and designing all sorts of content. Aside from his fascination with content creation, he is also passionate about blockchain and cryptocurrency developments.