In the crypto world, it is a thought that Bitcoin is considered as a first generation crypto, Ethereum as a second generation, Cardano is pitched as the third generation cryptocurrency. It wants to solve the three biggest issues with current coins – sustainability, scalability, and interoperability.
Cardano (ADA) has benefited from a market filled with bullish exuberance, exploding in price from under US$0.03 to US$0.41 in less than three months, a gain of over 1500%. The market cap currently stands at US$13.11 billion with US$96.56 million traded over the past 24 hours. Currently, the price of Cardano is $0.688433 which is raised by 34.65% on December 31st, 2017.
Depending on the global market of the top leading cryptocurrencies, ADA might stabilize around $0.5500 forming a new trading platform against the US Dollar. However, a dip lower than the mentioned area could tank the coin to re-enter its range bound which would be a level that is not recommended to trade.
While that may or may not be true, it’s logical to suggest that the real value of ADA is far below its current valuation, and it’s safe to assume we will see it exit its place in the top 10 in the near future.
Where to Buy Cardano (ADA) Coin?
Cardano coin can be purchased in the following exchange site: Bittrex, Binance, Coinnest, Gate.io, and Mr. Exchange.