Cardano ADA in top 10
Cardano crypto is the newest coin to take its place among the top 10 cryptocurrencies ranked by market capitalization, now sitting at number 9 with a market cap north of US$3 billion. So the cardano price has exploded this week ahead of the release of an updated development roadmap, but many investors fear that its release will trigger a liquidation event. Examining the details, it is worth mentioning that on the trading market Cardano went on a rampage starting of at $0.03 on the 25th of November and reaching $0.13 just 4 days later. So, that’s a 434% gains in 4 days. And it doesn’t want to seem to stop. Now being listed at #9 other exchanges can no longer ignore this project.
What is Cardano?
Despite being in development since 2015 Cardano is still a minty fresh project, the first appearance on Ehchange Platform was only 2 months ago in early October. The idea is to use ADA as token for the Cardano platform that’s structured in layers to give flexibility on maintenance and upgrades through soft forks. Because Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion, Cardano (ADA) is one of the first blockchains to be built in the highly secure Haskell programming language.
What’s important is that Cardano is a collective project, made up of three institutions that have separate roles, all contributing to the project’s success:
- The Cardano Foundation;
- OHK – world class blockchain;
- Emurgo – venture building entity in the Cardano ecosystem.
It’s not sure that cardano will necessarily chart the same huge course, but some ADA investors are preparing for a dump. The reality of protocol development almost never competes with the hype that investors concoct in their imaginations. Now, most traders now see value in spreading their portfolio to get mid-term and long-term profits since the whole market is heading towards the sky. Theoretically, ADA is a coin focused on scalability and accessibility. The primary goal is to create a currency that will be ready for mass adoption, should it occur. While Cardano coin has just recently established itself among the top 10 cryptocurrencies, it is unlikely that it will remain there for long. But some say that in 2018, the coin will reach top 5!
Where to buy Cardano coin?
You can buy, sell or trade Cardano through digital currency exchanges. Currently, there are not many exchanges, but many more will be added over the coming months. Future exchange partnerships will be announced via social media channels. From September 29th, first platform began accepting deposits of Ada, and from October 2nd, the almost 10,000 holders of Ada are able to trade their tokens on one of the largest international exchanges. US-regulated Exchange Market enables individuals and businesses to buy and sell next-generation cryptocurrencies and digital tokens.
Ada will also be available at a network of ATM machines in Japan. Starting with five locations, the network is planned to grow to about 25 ATMs within a year of Ada’s launch. A list of ATM locations will be added here as they become operational.