Types of cryptocurrencies, there are some on the fly. ADA is crowding in among them. Cardano, its blockchain, stands out for its expansion. It makes you wonder if it's on its way to becoming the number one on the web. It's only February 2022, but Cardano's future is shaping up to be glorious.
If you are curious, don't panic! No need for you to open a new tab, Cardano is no more complicated than any other blockchain.
What is Cardano?
Cardano presents itself as an open source blockchain whose source turns out to be ADA. The purpose of its platform? Smart contract execution! In the background, Charles Hoskinson (its co-creator) is working with the Cardano Foundation, as a bonus of wanting to be carbon neutral. In 2021, its capital was 39.8 billion, which places it in the top 10 most lucrative cryptocurrencies.
Where to find it and how to buy it?
To obtain a Cardano, it will be necessary for us to pay between 0,75 cent and $1.20 spending its inflation. (Or deflation, by the way). As for where to get it, here are four websites that should help you:
eToro :
Quick description: allows you to store and invest in cryptocurrency from your mobile and their website.
| Pros | Cons |
| Free trading of shares and ETFs Transparent account opening Social Trading Mobile app Ideal for begginers | High non-transaction fees One currency per account only Customer service to be reviewed |
Quick description: cryptocurrency storage, investment and withdrawal included.
| Pros | Cons |
| Free debit card Crypto experts Low fees Wide selection of crypto-currencies Additional services available | Account verification problems Non-transparent corporate structure |
Quick Description: cryptocurrency giant, Kraken ranks among the most used platforms for trading Cardano, Bitcoin, and other blockchains.
| Pros | Con |
| Free debit card Crypto experts Low fees Wide selection of crypto-currencies Additional services available | Account verification problems Non-transparent corporate structure |
Quick description: virtual wallet of many customers, Coinbase will introduce you to cryptocurrency and trading in a simple and clean way.
| Pros | Cons |
| Large selection of digital assets Low fees for experienced clients No pre-deposit fees required. | Limited options for account funding. High fees for instant purchases for new clients. High withdrawal fees |
How is the stock market doing?
Reminder of definition: the market value of a currency is the exchange rate between currencies. (As an example: 1 € = $1.14 ; however, one does not necessarily go with the other, since $1 is equivalent to 0.87 cents.)
After all, when looking to invest in cryptocurrency, you have to keep your eyes on the price of it. Currently, the price of Cardano stands at $1.14 for 1 Cardano. In other words, just over 1 dollar. Its volume (at the moment) stands at $41 billion.
How to mine Cardano?
Technically, it is ADA that we will mine, however, the blockchain is Cardano. Acquiring money doesn't happen in a snap, but the question is worth asking: how do you mine cryptocurrency, and what resources are available? When you use complicated words, sometimes you can end up getting lost. For your sake, let's get straight to the point without making it too complicated.
To get Cardano, you will have to mine in ADA in your e-wallet, so far, no problem, we are going in the right direction. If above, some applications and websites are mentioned to allow you to invest, know that there are still several types of payment to acquire it.
Holding a Daedalus wallet, designed specifically for this cryptocurrency, gives you an advantage. You will be required to acquire ADA and maintain it in your gold vault, once you have purchased your tokens, you are already most of the way there.
What's the future for Cardano?
The cryptocurrency market is a thrill ride of its own, and obviously, we are entitled to ask ourselves, "Am I right to invest my money in something virtual?" Because on the Internet, anything can stay there as well as disappear.
Cardano's future looks bright, the numbers are positive; investors are numerous; and we are gaining in popularity without faltering.
Some examples of figures:
Market capitalization: $26,041,321,472
Volume in 24 h: $474,966,741
Circulating supply: 33,752,565,071.29 ADA
Conclusion: the blockchain and its cryptocurrency have a bright future ahead of them!
Coinaute's opinion
What makes Cardano unique is its proof-of-stake concept, and that it's easy to obtain and acquire ; anyone can adopt this blockchain! Moreover, this will to be carbon neutral, goes in line with the ecology. (While keeping in mind that it is something highly blamed because of global warming).
Its scientific aspect, designed by specialists in the field, gives us a sense of security that makes us want to get started. However, since the Internet is a real jungle of scams and other malicious acts, feeling safe is not an easy thing to do. Even less when it involves our bank accounts.
Its accessibility and ease of maintenance seem too good to be true, but there is nothing misleading about it, which will be reassuring for beginners as well as for experts!
The downside of Cardano and ADA in general is that these limited stock tokens will not allow for a long term acquisition possibility, which pushes us to the idea of buying now instead of waiting. This aspect of "rushing" the customer is not a pleasant one, and will put many off a future purchase. There is nothing to say that more tokens are not in the pipeline, but for now, we are left in the dark.
Cardano remains a good option for beginners. Want to know the few other cryptos to invest in? Check out our top 10 best cryptocurrencies for 2022!
