After this article, you will learn brilliant reasons why you should own at least 1000 Cardano tokens.
Now, if you are an investor or crypto enthusiast and have not been taking Cardano ADA seriously, you should reconsider that. Cardano is the fifth-largest cryptocurrency globally and has some really interesting factors to its favour in terms of shortened long-term market performance.
Developed through evidence-based methods, this proof-of-stake blockchain platform has emerged as the very first to be established on peer-reviewed research. Taking a closer look at this crypto, it has the techs and tools to remain innovative and reliable in the long run.
Even if you are familiar with Cardano and ADA, its native token but do not rate it, the crypto’s profile and exploit should undoubtedly hold your attention.
For example, as at the time of making this article, Cardano insulated itself from Elon musk’s effect and is looking ready to outmatch Netflix and Facebook in a multi-billion valuation projection.
So what’s the fuss about ADA, you might be asking? For a start weeks ago, the digital magnet Elon musk shocked the world by announcing that Tesla would no longer accept bitcoin payments.
About a quarter of a trillion us dollars was wiped from the crypto market. The billionaire stated that the reason for the decision is based on how bitcoin affected the environment.
Seeing that it is proof-of-work crypto that consumes insane energy. Musk’s announcement had a massive impact on the market, causing the crash of almost every bitcoin rival. But there was one that stood strong. You guessed right. Cardano.
The ADA crypto not only avoided a significant price fall. In fact, it increased by 20% in the wake of musk’s tweet, and this is all before reaching a new all-time high of above two dollars.
Financial experts have identified several reasons for this. Part of it is Cardano’s technology. It relies on proof of stake. As such, it doesn’t rely on a heavy electricity guzzle by computers just to process transactions. And to make new ADA units.
Such environmentally conscious cryptos are called green cryptos. Earlier in 2021, Charles Hoskinson, the Cardano’s founder. Estimated that its network consumes less energy than 0.01% of bitcoin’s entire network.
On paper, the proof-of-stake system can achieve more than 4 million times the energy efficiency of a proof-of-work system just like bitcoins. Indeed Cardano is environmentally sustainable, and while it is not the first crypto to use proof of stake or preach environmental sustainability, it is easily the biggest.
Upcoming Cardano Projects
At the time of making this article, Cardano’s price is 1.17 usd with a trading volume of $1.562.877.891 usd and a market cap of $37.593.572.712 usd.
According to the coin market cap, it is a rising coin, and its community is lining up exciting projects to boost its place in the market. The projects are aimed at solving problems across several industries.
And as a crypto enthusiast, you should keep an eye on what these guys are up to. This will definitely help you make informed investment decisions. Here are upcoming Cardano’s projects.
1.Developer Ecosystem: the Cardano team seeks to establish a positive developer experience that will drive developers attention to building successful and innovative apps on the Cardano platform.
2. Dapps and Integrations: the present and future of Cardano are inseparable from decentralized applications that is why the platform aims to provide the most value for end users now and in the future with important integrations and decentralization.
3. Propose Outreach: wooing entrepreneurs from another crypto ecosystem can be an arduous enterprise. The people at Cardano want to leverage on other ecosystems but in a simple. The way they are designing a system to persuade such entrepreneurs to submit proposals to Cardano’s catalyst. Read More…
Categories: CARDANO ECOSYSTEM