ADA, DOT Could Rise 20x in 2-3 Years, Says FD7 Ventures

Share Article
In Brief
  • FD7 Managing Director Prakash Chand says the price of Cardano (ADA) and Polkadot (DOT) could see a 20-fold increase within 2-3 years.

  • FD7 Managing Partner Q. Dhalla says institutional investors are already expressing interest.

  • The firm recently opened a $250 million micro-fund to develop the ecosystems of ADA and DOT.

  • promo

    The BIT Time Rush: 8M BIT to Be Won. Three Innings; Massive Winnings. Join Now!

The Trust Project is an international consortium of news organizations building standards of transparency.

Managing Director of Dubai-based crypto investment fund FD7 Ventures Prakash Chand projected that the prices of Cardano (ADA) and Polkadot (DOT) could rise 20-fold in the next 2-3 years.



In addition to believing in ADA and DOT, he also believes that more institutional investors will begin to share his enthusiasm very soon. “The potential for these two projects along with Ethereum to change the way that the world does business is massive,” Chand said. “In my opinion, these 3 projects are going to start disrupting industries across the board—from Healthcare to Real Estate to Financial,” he added.

Institutional Investors Expressing Interest

According to FD7, Managing Partner Q. Dhalla said he is getting calls from institutional investors “who weren’t even aware of Cardano and its ADA token.” However, he said they are expressing interest. 



Dhalla believes, “we are on the cusp of mass institutional adoption in crypto.” He said that after a decade, BTC is finally receiving its due attention from institutions.

Because of this, investors are primed to diversify into other applications of the blockchain. “Bitcoin has given us the proof of concept that built trust in the market and forged a path for innovative altcoins to scale much faster,” he explained.

BTC Not Entirely ‘Useless’

FD7 Ventures recently announced it would liquidate $750 million of Bitcoin (BTC) to buy more ADA and DOT. Chand justified this decision by saying the altcoins would better serve his investors. He then added that he thought BTC was “actually pretty useless.”

“I probably shouldn’t have used the word ‘useless,’ he admits. He credits BTC with being first to market. Even for building a brand, institutional investors have become more comfortable with it. “Though, besides being a store of value, Bitcoin doesn’t do much in terms of actual utility and industry innovation,” he explained. “But, I strongly do feel ADA, DOT, and ETH have greater potential to change the world with meaningful projects,” he concluded. 

To this end, FD7 announced it would invest $250 million in a micro-fund in Bangalore. The company is dedicating the micro-fun to developing the ecosystems of ADA and DOT.

The micro-fund plans to invest $1-5 million annually across 50 companies developing ADA and DOT. Depending on their growth, some 30% of these companies will receive a secondary investment between $5-20 million.


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Share Article

Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

Follow Author

Market signals, studies and analysis! Join our Telegram Today!


Bit2Me ICO JUST STARTED! Buy B2M token now.

Buy now!

Bybit Launchpool: Stake BIT to Earn BIT. Redeemable Anytime.

Join Now!