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Ardor (ARDR)

Market Cap

$110,609,579 USD

Volume (24h)

$1,269,581 USD

4.6
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Ardor Markets Rank: 5/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Ardor Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Ardor Market Cap Rank: 97/100

  • 24h Change

    Is the price moving up or down?

    Ardor 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    Ardor Social Following Rank: 94/100

  • Google Trends

    How many users are searching for the coin?

    Ardor Google Trends Rank: 23/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Ardor Twitter Citation Rank: 83/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Ardor User Voting Rank: 95/100

Ardor investment analysis

Ardor is a scalable chain meant to be used for companies to develop their own services on top of it. While ARDR provides the "parent" chain for essential security reasons businesses can build "child" blockchains that run with their product in "software as a service" type applications for their customers.

Your Ardor investment also uses the proof of stake algorithm which makes it much more energy efficient and ecologically friendly than many other cryptocurrencies, something that is becoming a growing concern for much of the world due to Bitcoin's growing carbon footprint.

Interestingly, the child transactions from businesses using the ARDR chain can also be removed from the ledger after they are confirmed which helps to eliminate the massive problem of their platform becoming flooded with transactions that limit their efficiency as well. Essentially, ARDR makes it easy for any business to integrate blockchain technology into its own platform.

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current price
$0.11072
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+390.9%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.543554
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

37/877
by Safety
428/877
by Profit
historical data

How to buy Ardor?

It's possible to buy Ardor on many top level exchanges, and you most likely won't have any trouble purchasing it from your accounts. BTC is the most popular trading pair for this coin so you'll most likely need to exchange your fiat or other cryptos for Bitcoin in order to trade for this coin.

It's best to store your tokens in your own wallet rather than leave them on an exchange. You have the option of using the official wallets which you can download from the official website or you can use the very popular Exodus multi-asset wallet if you prefer to store multiple coins in the same wallet. If you use the desktop wallet however you will be able to "forge" if you have over 1,000 coins which can earn you a small reward thanks to their Proof Of Stake algorithm.

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Is it safe to invest in ARDR now?

If you're looking to invest in ARDR a glance at their underlying technology reveals that they are building themselves an attractive niche in a booming industry. Software as a service is big business and Ardor is looking to make the technical aspects of offering those products to customers more effectively.

While some may only see the need for this service from major corporations that's actually not true. Thousands of small-scale developers could also use this platform to host their services for plugins or other assets for small businesses.

ARDR allows you to not only securely store data, but these organizations can also create their own tokens for use on their platforms and condition based transactions for automation. The amount of applications that can actually be integrated into the chain is staggering, and it's not possible to list them all here.

Their token has a great start. They're old enough to be established, and that means they've gotten themselves on some nice top-level exchanges which is tough for some newer coins. This gives them more access and volume potential than other similar but newer tokens.

They also have good social media reach, having many thousands of followers waiting for their development. ARDR doesn't have quite as much hype as other projects, but that's not necessarily a bad thing. While its growth is slower that's typically a much healthier way to go about it.

The project in question is owned by parent company Jelurida. Their team includes a crew composed of many types of software developers from large-scale projects including eBay, and are also all long time cryptocurrency enthusiasts. This platform is an interesting one, and one that I think will be common place in the next 5-10 years.

More and more businesses and even governments will begin storing, verifying and relying on various blockchain projects to provide security, and the muscle they need to serve their data. This token also has an advantage by being a POS chain.

I believe energy heavy mining operations will be more heavily scrutinized in the future, and the ability to create a proof of stake chain that does not sacrifice security will be a very valuable thing. If you can pick up Ardor on a dip, I think it's a solid hold for the future. Keep your coins safe in your wallet, because the best is yet to come for them.

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Comments (1)

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Ahyke 5/25/2018

Well, it's quite cool knowing that Jelurida came up with an improvement from NXT. While this project sounds and feels flawless on paper, and also looks promising with all of its cloud computing and smart contracting features, I would say that an investor ought to know the parameters that define their investment decisions. If it's long-term oriented, then a good look ought to be paid at the team, the prospect of the idea, and the coin's supply. But if not, then paying attention to the hype, supply, and highs/lows to make a quick buy and sell decision is essential.