Cardano (ADA): A promising cryptocurrency that is still under creation.



Published on 9 March, 2021 at 15:30 PM

What is Cardano?

Created in 2017 by Charles Hoskinson, Cardano (ADA) is not a cryptocurrency like any other. In the minds of its creators, Cardano is more a technology that makes financial exchanges easy than a virtual currency in the classical sense of the term. Its purpose is to improve the functioning of certain financial applications used by companies, particulars or governmental organisms. This pioneering project, which is based on solid scientific background, has real long term potential and could be a real success. As an example, Cardano is part of the top 5 cryptocurrencies in terms of value (the equivalent of market capitalization), a sign that the ADA has gained the trust of the market community. However, the intelligent contract of the ADA is still under development so the current value of this cryptocurrency is based only on the promise of its future success.

Logo Cardano
Logo Cardano

Should I invest in Cardano?

The ADA has the advantage of being a solid project with real long term prospects. The scientific, technological and human resources that are put in place in order to finalize this cryptocurrency, are a guarantee of success. As we have seen before in this article, ADA tokens are not just a digital asset as others, but a real monetary service that could find real success. Finally, its current price (around 1€) is extremely affordable for a person who is looking for an opportunity with potential significant capital gains in the medium term. However, you have to keep in mind that like any project under construction, there is always the possibility that it will not work out, so you have to be careful. The risk of losing your money exists but it is low. In conclusion, I recommend the purchase of Cardano tokens for its profit prospects, only (for now) with the purpose of diversifying your portfolio of digital currencies and with a low level of exposition of your capital (an amount that will not mean a great deal to you).

How do I get Cardano?

Union Btc is a regulated cryptocurrency platform where you can buy and trade cryptocurrencies. Union Btc offers you the possibility of acquiring and storing Carcano (ADA), easily, fast and safely. You can pay by credit card, bank transfer, or use our digital currencies exchange system (Bitcoin, Ethereum, Litecoin). We offer advice to particulars who want to invest in Bitcoin or in any other digital currency. In addition, our trading experts will give you advice on how to make transactions with digital assets in order to generate capital gains.

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