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What is Cardano (ADA)?

investing08 - 2024-03-17 17:12:09

*Cardano is Blockchain that's flexible, sustainable and scalable platform for running smart contracts, which allows the development of wide range of decentralized finance apps and crypto tokens.


*Cardano Blockchain native cryptocurrency is Ada, It is also used to store value as investment, send and receive payments and staking and paying transaction fees on Cardano network.


Founder of Cardano (ADA)


*Cardano (ADA) was founded in 2015 by Ethereum co-founder known as Charles Hoskinson.


*The development of the project is overseen and supervised by the Cardano foundation based in Zug-Switzerland.


*It is the largest cryptocurrency to use a proof-of-stake Blockchain, which is seen agrener alternative to proof-of-work protocols.


Interesting Facts of Cardano (ADA)


*Cardano is energy efficent.


*The founder of ADA helped created Ethereum.


*It can trade large no. of transaction.


Circulation of Cardano (ADA)


*ADA has the maximum supply of 45,000,000,000 ADA token.


*So there are now 35,489,228,193 ADA tokens are circulating in market.


*ADA has ranked 8th in market cap among other cryptocurrencies.


Where you can buy Cardano (ADA)


*If anybody wants to invest in Ada they can invest in many exchanges like- Binance, Bybit, Coinbase Exchange, OKX, KuCoin, Kraken and Gate.io.


Technical and future of Cardano (ADA)


*As I have explain below in my chart of Cardano (Ada), that in June 2023 Ada did a liquidity swap and went up.


*So after that liquidity swap Ada went up and made an order block at level of 0.3070$ and it's not filled yet.


*So there is a high chance to fill that order block before Ada will go up and make its new all time high in 2024-2025.


*So if anybody wants to invest just wait for it to fill that order block and that is the right time to entry and make a good investment in Ada.
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