Cardano (ADA) Analysis
Market Cap
$72,550,895,932 USD
Volume (24h)
$3,067,039,335 USD
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Cardano investment analysis
The very first thing you should know about Cardano is that it is founded by Ethereum’s former Co-founder Charles Hoskinson. For a better understanding of how the platform is supposed to work, the cryptocurrency ADA is to this startup just as ETH is to Ethereum.
The project pride itself as a peer-review systemic Distributed Ledger Technologies product as they employ the use of academic research quality assurance methodologies, that’s why Cardano investment might be interesting. They are trying to improve on the technology behind the DLT and want to solve major issues plaguing the blockchain technology.
They want to achieve a decentralized blockchain accent, such that they would be able to scale the already existing concepts of DLT by providing high-class DLT security and still enabling the usability of the product. Apart from the cryptocurrency ADA, other major parts of the project are still under development and are gaining speed.
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.
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.
How to buy Cardano?
ADA is among the top 6 cryptocurrencies and has quite the popularity in the community. There are about 12 exchanges where this coin is being listed (including top exchanges) and traded in various degree of volume. Different base pairs include BTC, ETH, USDT, and KRW. So far, I think there’s an appreciable amount of liquidity in favor of the currency which is quite favorable considering it has a very large coin supply.
Moreover, there’s a proposed network of ATMs in Japan where ADA currency will be of value to its users. To buy Cardano, all you simply need to do is to follow two simple steps. One, buy BTC or ETH from a reputable exchange with your credit card or other e-payment gateways, then two, register on any of the exchanges that list the crypto-asset, then purchase using your BTC or ETH as the case may be.
Outside of the exchanges that sell the crypto, Daedalus is the only wallet at present where ADA can be stored.
I quite agree with you guys. This coin is undervalued because it has not been completed. The team is still developing it. If Ethereum was a Bitcoin dream ver.2 , Cardano will be the ver.3 . Surely, it must be undervalued so we have a chance to make that dream. Otherwise, the price is not affordable for normal people anymore. Richie is right. Cardano marketcap will be trilion USD in some more years. It means 10,000 ADA today will turn into 10,000,000 USD in the near future. That is not impossible.
I made a mistke. 10,000 ADA today may turn into 1,000,000 USD in the future easily.
I believe that once Cardano is fully developed and implemented and the true brilliance functionality is realized, I think that ADA will be a multi-Trillon dollar coin in 5-10 years time. We’re going to see unbelievable market caps for the entire crypto market as a whole and that is when it will get everyone’s attention and the true transition from a centralized fiat currency to a Crypto World economy will occur. I see it coming, that when the rest of the crypto market see’s the success of the project, everyone else will begin to follow suit with academia and peer review research to drive the technology from height to height. Invest and leave it for a long time, like a minimum of two years.