The dark horse of the crypto world

A little glimpse into the market will show that it hasn’t been a great year for the crypto market yet. With the crypto biggies like Bitcoin bouncing back from a huge drop in prices, many investors have turned their attention to altcoins. Cardano (ADA), one of the most popular currencies in the crypto community, ranks eighth in the market due to its market capitalization. Given the general volatility of the market, Cardano’s recent resistance of $ 0.03 is hardly a problem for investors. With the big players doing poorly in the market, investors are switching to more profitable options, and Cardano (ADA), which is among the most promising altcoins, can be a worthwhile investment.

The Limits of the Crypto Giants: The Ethereum Problem

Given that the project is directly connected to Ethereum’s blockchain, it is not possible to explore Cardano’s possibilities without discussing Ethereum’s perspectives. In terms of market cap, Ethereum is still leading the race with the majority of ICOs built into the company. However, the leading players in the market are not completely free of limitation and each has their own set of problems. With low scalability, security breaches and contract flaws, as well as challenges such as fraud, over-centralization and regulatory issues; Much has been said about the legal status of Ethereum. In retrospect, the emerging altcoins like Cardano and EOS promise a viable solution to these problems.

The emerging altcoin and the nemesis of the big players

Many crypto investors are unaware that Cardano is based on a smart contract. Recognized worldwide for faster transactions and as a secure payment method, it owes much of its fame to Ethereum and tries to fill the gaps in the market. There are only a few decentralized blockchains with powerful security attributes, including Cardano. Introduced in 2016, Cardano (ADA) price rose in January and exceeded $ 1.20. Cardano is led by Charles Hoskinson, the brain behind BitShares and Ethereum. It is regulated by strict algorithms that ensure faster transaction and high scalability for its users.

Many will agree that regulation has been an obstacle to virtual currencies as traders investigate the vendor’s compliance factor. Cardano, which recently deployed Haskell technology on its platform, is blessed with a secure and flexible option. Haskell technology is known for its rigorous algorithms that ensure that no technical breaches occur.

Cardano (ADA) impact on the market

As the market analysis shows, Cardano has not been spared from the current depression. The crypto market is struggling to get out of one of the worst price collapses. Cardano has also seen a questionable drop in prices. At the time of writing, it was trading at $ 0.163413 and survived the 4.56% plunge against the USD. According to the details released by Coinmarketcap, the company had a market capitalization of $ 4,236,820,378 as of April 3, 2018.

The recent 4.07% decline against the dollar, which has caused quite a stir with investors, is unlikely to be a major problem right now. All eyes are now on the testnet planning to deliver on its promises. As developers strive to provide a flawless platform for their users, the most standout aspect of Cardano is the fact that all transactions are processed by its platform in real time.

Why should investors pay attention to Cardano?

For traders looking for an economical option, Cardano can be a profitable option. Cardano trades under $ 1 and provides a great entry point for regular investors and a talisman for large investors. Although the coin is currently in the red and many investors are trying to sell their assets, it is wise to hold the funds. Finally, Cardano offers its users a cheaper alternative and a highly secure investment method. If you are a crypto enthusiast who admires speed and is looking for an economical option, Cardano is your best bet. Given the volatile market conditions as the crypto market is creeping back after one of its worst slumps, now is the best time to buy this currency as it can be sold for a decent profit in the coming months when the dark clouds appear.

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Disclaimer: This article should not be construed as, and is not intended to be, investment advice. Global Coin Report and / or its affiliates, employees, authors and subcontractors are cryptocurrency investors and may or may not have interests in some of the coins or tokens they cover from time to time. Please do your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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