Dubai-based investment firm FD7 Ventures has given a new price forecast for Ethereum (ETH) Cardano (ADA) and Polkadot (DOT). Prakash Chand, one of the company’s partners, explained that these three cryptocurrencies have the potential to surpass the Bitcoin market value.
Founded in partnership with Prakash Chand and Q Dhalla, FD7 Ventures has $1 billion in assets under its management. Prakash Chand said the market value of the Bitcoin market capitalization could increase to $10 trillion in the next few years. During this period, the difference between Bitcoin, Cardano, Ethereum, and Polkadot would decrease.
Expects the market to grow exponentially
Chand expects the cryptocurrency market to grow exponentially with the support of the younger generation.
When I was 21, I was spending my money on cars. The new generation is more advanced than ours. They like to invest in cryptocurrencies.
He said, In the short term, Bitcoin is expected to maintain its dominance in the market. Bitcoin is a great store of value, but there is nothing beyond that, and this balance could change over the next five to seven years.
Predicts 20-30 times growth
Chand said that he met with one of the Ethereum founders and started research on Cardano, Ethereum, and Polkadot. FD7 Ventures partner stated that each of these three coins has 20-30 times growth potential.
The Dubai-based investment company announced last month that it would sell $750 million worth of Bitcoin to buy Cardano and DOT.
Read Details: Dubai Firm FD7 To Sell $750 Million Of Bitcoin To Buy Cardano And Polkadot
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