Future of Cardano Cryptocurrency – Is it Worth Investing?

Some way or the other, you must have heard about Cardano as it has received a lot of attention lately.

Launched in September 29th, 2017, Cardano has made a place for itself in the top 15 cryptocurrencies with a market capitalization of $1.2 billion.

In case you are wondering what is the future of Cardano cryptocurrency, then you are in the right place.

Let’s not waste the time, and get to the point!

You May Also Read: Ethereum Vs Cardano – Which One is Better?

About Cardano

Since its tokenization on September 2017, Cardano has garnered widespread interest in the cryptosphere because of its meteoric rise in total market capitalization.

Within a matter of 6 months, this ADA coin has secured the 7th position on CoinMarketCap, now it seems to be steady in 11th position.

Considering the ongoing value floods of this ADA coin, many experienced brokers and crypto-enthusiasts are conjecturing that Cardano is going to give an extreme time to the two digital currency monsters Ripple and Ethereum by the end of 2019.

You May Also Read: Cardano: Is it a threat to Cryptocurrency traders?

Cardano Earned Its Reputation In The Market

Cardano is one of the most advanced blockchain platforms that, in no time, became one of the most well-known open-source projects.

Even, there were a lot of expert voices saying that Cardano is set to become a dominant force in the market soon.

Regardless of whether we are in the beginning times of the Blockchain revolution, and we can just envision where things will stay in the future, more and more expert opinions claim that Cardano is certainly one of the best crypto investments.

From its early stage, the Cardano cryptocurrency challenged itself to do everything that Ethereum does, but better.

You May Also Read: How to Mine Cardano?

Yes, Cardano Is the Next-Gen Cryptocurrency

Cardano was founded by the Ethereum co-founder, Charles Hoskinson. It was developed to directly compete with Bitcoin and Ethereum.

The Cardano blockchain is similar to that of Ethereum’s, mirroring the fact that dApps and smart contracts can be built on the blockchain technology.

However, Cardano centers-around a few fundamental elements –

Scientific philosophy of blockchain
Regulatory and compliance focus
Cross Chain integration
Blockchain Scalability

Not only that, Cardano cryptocurrency aims to integrate with all other dominating cryptocurrencies, without any involvement of a third party. It helps this digital currency in,

Reducing fees than exchanges charge
Removing risk of a third party losing your cryptocurrencies
Allowing easier and quicker transaction confirmation

You May Also Read: Best Altcoins To Invest In 2019

Final Words

Cardano (ADA) is currently trading at $0.048927 with the market capitalization of $1.2 billion. With many updates and releases planned for 2019, this price is sure to rocket in the coming months.

If you are an investor looking for a good investment option, then Cardano can prove to be a jackpot you have dreamt of.

Cardano has one of the most supported yet prominent communities that receives backing from the developers and researchers from around the world.

Not only this, the team of academics behind Cardano has done a diligent work to make sure that the cryptocurrency has everything needed to be a major force in the future.

With the aforementioned updates, it is certain that ADA is likely to exhibit a veritable price spike in the future.

Here are a Few Articles for you to Read Next:

Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.