You must still remember the US youth, Glauber Contessoto the billionaire Dogecoin (DOGE) who is reluctant to sell Elon Musk's dream crypto. He recently admitted that he was ready to buy ADA, before the launch of Cardano's first smart contract on September 12, 2021.
As of February 2021 Contessoto (33) all his savings are in Dogecoin. And about two months later, in April, he said he was in a position to be a Dogecoin billionaire, because he didn't have all the crypto at all, despite the market crash. Yesterday, Contessoto told CNBC he would “go all in” to another cryptocurrency, namely Cardano (ADA). Just so you know, Cardano's first smart contract will be officially launched on 12 September 2021, ahead of Cardano's 4th anniversary, 27 September 2021.
After being tested on a test net a few weeks ago, the price of ADA soared, setting a new record of around Rp.42,800 on August 23, 2021. This sets ADA's new throne in 3rd place according to Coinmarketcap.com's version, beating Binance Coin (BNB). Analyst Michael van de Poppe projects that the price of ADA could reach the equivalent of IDR 72,000 in the near future. Dogecoin billionaires are ready to have as many as possible Again, although Contessoto has no plans to sell his Dogecoin, from now on. "I will start buying as many Cardano as possible now," he said. Contessoto plans to wait until there is a drop in ADA's price to start investing, he said, just as he did with Dogecoin in its later life.
ADA's fundamentals are still considered quite good, thanks to the September 2021 smart contract. The new feature supports token-issuing parties, NFT, and even creates DeFi applications, similar to those running on the Ethereum blockchain. In principle, the smart contract will add to the use case of ADA itself. Against Money Laundering, Cardano Foundation Complies with FATF Ahead of the launch, the Cardano Foundation recently stated that it is subject to FATF rules so that token and ADA transactions are easier to track in alleged criminal acts of funding and funding of actions. The FATF is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001, its mandate was expanded to broaden the scope of funding. The FATF propagates hundreds of countries, where each FATF recommendation is ratified into regulations or laws.