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Cardano

3 reasons why you should invest in Cardano

Cardano is an open-source and decentralized platform based on the Ouroboros protocol. Cardano is one of the most ambitious cryptocurrencies and constantly working to solve scalability issues faced by the likes of Bitcoin and Ethereum.

Cardano is currently priced at $1.13 and has a market capital of $37,926,144,623. When you look at a cryptocurrency trading at such a low price, it is hard to imagine that it will compete with Bitcoin. But it is also important to note that star cryptocurrency was worth only a few cents when it started in 2010.

Cardano
Source: Coinmarketcap

Why should you invest in Cardano:

  1. Transaction Speed:

Cardano has high scalability, which means it can process a large number of transactions per second without any strain. To control scalability, Cardano has been working on introducing Hydra, which would enable it to process transactions at a much higher rate and decrease transaction fees near zero.

  1. Skilled and qualified founder:

Cardano was founded by Charles Hoskinson in 2017 who also happens to be the co-founder of the second largest cryptocurrency Ethereum. Working on Ethereum, he applied his experience in Cardano making it a competitor of one of the most well-known cryptocurrencies.

  1. Environmentally sustainable:

Often called “Green blockchain” Cardano is considered one of the most environmentally sustainable projects as compared to the other cryptocurrencies as it consumes less energy in mining.

Given its huge fan following and future predictions, we can say that it has a bright future ahead and a real chance of going up when the market is bullish. But investing in crypto is all about risk and uncertainty. Potential investors should consider all these factors before including it in their diversified portfolio.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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