There are many success stories in the world of cryptocurrency – especially for altcoins which despite the big shadow of Bitcoin – manage to rise in terms of price and popularity. Many even believe that Cardano (ADA) is the new and improved Ethereum (ETH). What do we think about that?
In November 2017 Cardano was worth about $0.1 and then in December it increased to $ 0.72 and is now number five on the market cap. This way ADA surpassed Litecoin and it has now about $18 billion in market cap.
Cardano was designed to boost transaction speed and to offer very solid reliability and many other features. Cardano is very alike to Ethereum in their ability to make smart contracts and is also alike to Litecoin because of its payment settlement platform which allows you to make very quick and cheap payments. However, the exchange market of ADA is a little weaker than other currencies with a daily trading volume of about $213 million. Despite this, many experts believe that Cardano’s technology is very advanced than most of the cryptocurrencies because it is using a multi-layer protocol. The first layer works as a payment platform and the second one allows you to make smart contracts.
Cardano’s future is very bright and it offers some great opportunities, and that is why we all have to keep an eye on it. At DC Forecasts, you can find some more information about Cardano.
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