Considered by many to be the future of currency and the next smartest investment in the cryptocurrency industry, Cardano is a project that implements aspects of Bitcoin and Ethereum into its own platform along with its own technology with the goal of creating a self-sustaining economy.
The platform itself and its tokens have managed to attract quite a bit of attention and the question everyone is asking is, is it worth investing in Cardano. We believe so and to help shed some light on the subject, here are some reasons why investing in Cardano makes sense.
Coinbase Is Exploring the Possibility of Adding Cardano to Its Exchange
Early in July of this year, Coinbase announced publicly that they were exploring adding Cardano to its exchange along with four other cryptocurrencies.
Why is this important?
Investors and experts in the industry know that Coinbase is one of the largest and most professional exchanges that are currently in operation.
That being said, Coinbase is known for only investing in and offering assets that they believe are viable in the long-term and also useful in the financial industry. They take careful care to research each of their assets before they begin offering storage and trading on their platform.
Due to this reputation, it seems as though there is good reason to take Cardano seriously in terms of investing and potential application in the financial industry in the future.
Cardano Is an Emerging Yet Solid Technology
The issue with many of the cryptocurrencies that are in circulation is that they are built off of each other.
For example, Litecoin and other altcoins that were released prior to the development of Ethereum are simply variations built from the original Bitcoin framework.
Similarly, tokens that have been released after the development of Ethereum use Ethereum’s framework to make transactions and deliver smart contracts.
With Cardano, we are seeing a new technology that implements the best aspects of Bitcoin, Ethereum, and the platform’s own additional ideas that have created a potentially stronger ecosystem than we have seen so far.
It has even been speculated by some that Cardano’s cryptocurrency, ADA, could be steady enough to replace other cryptocurrencies such as XRP when it comes to implementation in banking settings and other financial institutions.
Although emerging technologies within the cryptocurrency industry have always sparked interest, Cardano’s framework and mission makes it a solid investment that people can get behind.
Cardano’s Cryptocurrency Is At a Low Price At the Moment
Cardano is expected to be a successful cryptocurrency and platform of the future, as can be seen by the previous points made above.
With its potential, it makes sense to invest now as it is currently at 0.08 per ADA and has a $35 million market capitalization.
It is also at the top of the crypto market charts and has managed to make its way to the 9th position, right underneath major cryptocurrencies such as Stellar, Litecoin, and Tether.
If Cardano continues to attract the attention it receives, the possibility for growth would make investing in this asset very profitable.
In addition to the fact that the prices are very low, the project also utilizes a proof of stake system, which means that purchasing more now will give you higher profits in the future when you continue to hold and produce more ADA.
For those who believe in the overall mission and growth of the Cardano project, this is one reason why investors see Cardano as a sensible investment during its early stages.
Cardano is one of the few platforms that has come out with new technology that is changing the way we use cryptocurrency. Combined with its solid technology, its low prices, and its potential in the future, these three reasons are why investing in Cardano makes sense.