Cardano’s performance has been lackluster of late. Once in the top 5, it has slumped to 8th position by market cap. Perhaps that’s about to change. The crypto has started to register slight gains today, and its TVL is also growing.
Should you buy it before it’s too late? If you are attracted to unique features and want to learn how and where to buy Cardano, this guide is 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 billed itself as a solution to the problems faced by both Ethereum and Bitcoin.
Cardano was developed as a smart contract and dApps platform that offers users fast, safe transactions.
In September 2021, the ecosystem released the Alonzo hard fork, an upgrade that would make it possible for users to mint NFTs and run smart contracts on the blockchain.
Ever since the upgrade, Cardano’s token ADA has been losing value. It is down by almost two-thirds since then. Now, it’s picking up.
Should I buy Cardano today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money.
Cardano price prediction
At the time of writing, Cardano is trading for $0.98 and looks set to break $1. Digital Coin Price is bearish on the price. It will go up to just $1.65 by the end of 2024.
However, an expert panel interviewed by Finder predicted Cardano could reach $58 by 2030 if the ecosystem can grow adoption.
Cardano on social media
— Darren N ☘🇮🇪 (@CryptoIRELAND1) March 22, 2022