The First US Stimulus check put in Cardano is worth $45,000 today as per the latest analysis that we have in our latest Cardano ADA news.
If the US citizens used the first US stimulus check worth $1200 and invested it in Cardano, they would have made nearly $45,000 in less than a year. It’s been almost a year since the COVID pandemic infiltrated the Western World and caused huge disruptions but it has also been less than a year since the government created a relief package worth $1200 that was sent to every adult in the states earning less than $75K per year. While highly unlikely, this amount could have resulted in huge returns if the US citizens and decided to allocate the funds in some crypto assets. One stands out, particularly as the data shows that if the check was used to invest in Cardano, investors would have made $45,000.
Similar scenarios were reported in the past where people invested their stimulus money in Ethereum or Bitcoin and the overall results are shocking, to say the least. A Bitcoin investment could have made an ROI of 620% which means that the investors would have pocketed $8,640 and if they purchased Ethereum, the result would have been $13,500. The recent data shows that the ROI for both would have increased to $9,493 BTC and $14,403 in ETH. As the charts show, investors would have made some profits if they purchased stocks like Tesla or AMC as well or invested in stock market indexes like S&P500 and Nasdaq Composite.
The shares of GameStop as well were targeted by hedge funds and defended by retail investors on Reddit which led to a surge in value so the investment takes the second spot at $1200 put in GME with a return of $44,288. There’s another option that marked some amazing results and it is Cardano. The native crypto of the blockchain project that aims for complete decentralization this month was on a tear in the past year. ADA traded at $0.032 on April 15 in 2020 but it skyrocketed by 3500% since then to $1.15 which means that if the entire check was used to buy it, the user would have made $44,800 in less than a year.
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