Cardano’s performance has been lackluster lately. Once in the top 5, it has slipped to number 8 by market capitalization. Maybe that’s about to change. The crypto has started to see slight gains today, and its TVL is also growing.
Should you buy it before it’s too late? If you are attracted by unique features and want to learn how and where to Buy Cardano if you can, this guide is just right for you.
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What is Cardano?
Cardano (ADA) was launched in 2017 by Ethereum co-founder Charles Hoskinson, who marketed it as a “third generation” crypto. Cardano has billed itself as the solution to the problems of Ethereum and Bitcoin.
Cardano was developed as an intelligent contract and dApps platform that provides users with fast and secure transactions.
In September 2021, the ecosystem released the Alonzo Hard Fork, an upgrade that would allow users to mint NFTs and execute smart contracts on the blockchain.
Since the upgrade, the ADA token from Cardano has been losing value. Since then, it has fallen by almost two-thirds. Now things are going up.
Should I buy Cardano today?
Nothing can replace your own research. Any investment decision you make should be based on your knowledge of the market, your attitude to risk, as well as the characteristics and dispersion of your portfolio. Also, think about how you would feel if you lost money.
At the time of writing this article, Cardano is trading for $0.98 and it looks like it will break $1 soon. Digital Coin Price is bearish against the price. By the end of 2024, it is planned to increase to only $ 1.65.
However, a panel of experts interviewed by Finder predicted that if the ecosystem can increase adoption, Cardano could reach $ 58 by 2030.
Follow Cardano on social media
#Cardano $404 million TVL
1 BILLION INCOMING 💥💥💥 pic.twitter.com/A3TSWsJpcS
– Darren N ☘🇮🇪 (@CryptoIRELAND1) March 22, 2022