The Next Big Cryptocurrency in the market

The Next Big Cryptocurrency in the market

Business Crypto news Social
February 10, 2022 by Super System
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Why you should not miss Cardano In the last few years, crypto has been one of the leading assets to own. While there are so many notable names in the crypto world, Ethereum has stood out completely. In the last 5 years, ETH has risen by 24,000 percent. Such sizable returns are life-changing, and the
cardano price prediction

Why you should not miss Cardano

In the last few years, crypto has been one of the leading assets to own. While there are so many notable names in the crypto world, Ethereum has stood out completely. In the last 5 years, ETH has risen by 24,000 percent. Such sizable returns are life-changing, and the few persons that have actually held on in the last five years, are currently reaping the rewards.Cardano price

However, there is still so much we do not know about cryptocurrency. The technology is still evolving and just a large portion of people in the world do not own any cryptocurrency. Currently, there are close to 20,000 different tokens to pick. As it stands, it can be very confusing getting into the right project. While it would seem like a number of people have missed the opportunity with certain coins like Ethereum, an amazing opportunity presents itself with Cardano. Going with its potential and technology, Cardano has lots of promise and returns in the next few years

Getting to know Cardano

Cardano was birthed in 2017 by Ethereum co-founder Charles Hoskinson. The fact that Hoskinson attached himself to the project gave it lots of goodwill and credibility. Cardano was named after Gerolamo Cardano, an Italian polymath. The native coin associated with the Blockchain, ADA was named after Ada Lovelace, the world’s first computer scientist.

ADA can be used to make payment on the network, and at the same time stake in order to earn rewards and much more.
Just like Ethereum, Cardano employs smart contracts that run as months specific conditions are met. With smart contracts, decentralized applications (dApps) can run on Cardano’s blockchain. This is completely different from Bitcoin which was designed to be a global electronic cash system.

Currently, Cardano’s market cap is approximately $35 billion, which puts it as the sixth most valuable cryptocurrency in the world.
Cardano is working to improve on the weaknesses of Ethereum. Its main focus is to improve on speed, and scalability, both of which play a key role in the network’s utility, and value.

Crypto world is still young

If you’ve missed out on the chance to get into Ethereum at the early stage, don’t be discouraged. There are lots of crypto currencies still in their infant stages, so you still have lots of opportunities to get sizable returns. Cardano offers lots of promises and potential, together with its plans for the next year, the project looks like a viable investment.