It’s not wrong to not hear about new cryptocurrencies when they are going through successful times. However, it’s always better to get to know about them at the right time and take advantage of their growth.
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A growth like that is demonstrated this week by an altcoin named Cardano (ADA) which is a next-generation cryptocurrency developed by Charles Hoskinson, one of the co-founders of Ethereum. Even though Cardano was originally sold as an ICO in 2016, it quietly worked until December 2017 when it was added to Bittrex and soon rose to number 5 on the list of biggest cryptocurrencies.
The story behind Cardano is simple – the technology is designed by teams of PhDs across three continents – whose aim is to boost the transaction speeds, offer rock-solid reliability, quantum computing resistance as well as many other bleeding edge features.
Before December 017, the price of Cardano was sitting somewhere below $0.1. However, as December began, the cryptocurrency measured astonishing growth to $0.72 as it currently is which put it to the fifth position on the market cap.
Cardano surpassed Litecoin in terms of market cap and is currently having $18 billion in market cap. The volume of the money exchanged over the past couple of days is around a billion – and it is true that most of these billions in the market cap were gained this month alone.
No one knows the future for Cardano. However, with a growth like this and a great scale, investing in it right now is a great decision, according to many.
What do you think about it?
Let us know in the comments!
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