5 reasons why you should buy the Cardano cryptocurrency (ADA), as reported by the Nasdaq
Among the many choices, the crypto that has interesting long-term prospects today is Cardano (ADA), because of its capabilities and great vision there is no doubt.
The Potential of the Cardano Crypto (ADA)
Being one of the main competitors of Ethereum, Cardano comes with a very competitive ecosystem. Here are 5 reasons why you should buy the Cardano cryptocurrency (ADA), as reported by the Nasdaq, Friday (28/1/2022):
Have a Mission and a Plan
Becoming a decentralized platform and building a financial operating system for the world is Cardano's mission.
Wanting to help people gain access to services like banking, Cardano enables people to create economic identities on the blockchain.
It can be said, this is like preparing a credit score system that is universal and transparent. Ultimately, this will allow even the poorest people to access banking services.
Cardano's roadmap to achieve this goal is very clear and progress can be monitored together.
Many Apps to be Launched
It has more than 450 projects under development on its platform, it still doesn't stop because there will be other applications coming in 2022.
SundaeSwap is one of the most awaited applications as it can allow users to exchange cryptocurrencies and earn returns.
Through his Youtube account, Charles Hoskinson, Founder of Cardano, said he would enable the first end-to-end microfinance transactions on Cardano this year.
This will help people in one country to help other people in different countries to get cash loans, which of course with not too big interest.
Real-World Usage
In contrast to some crypto projects that are only in their own world, Cardano has real-world uses that investors crave.
Cardano already has partnerships with governments and organizations around the world. It all aims to use blockchain technology to change lives.
The Great People Behind the Cardano Project
Apart from Charles Hoskinson, Cardano also has a large team of talent within the Cardano Foundation, working in 15 countries on four continents.
All of them have undoubted skills, so Cardano's mission and plans are expected to be realized well and maximally.
Can Staking Crypto
Because Cardano runs on a proof-of-stake (PoS) consensus, the original crypto, ADA, can be staked for additional income, aka passive income.
This is certainly the safest way to earn additional income, compared to having to be involved with activities such as liquidity pools or lending.
Although crypto assets are still closely related to high risk, Cardano has a strong fundamental foundation for the long term.
Moreover, the price is currently being heavily discounted due to the correction that has hit the majority of the crypto market. So, this still looks like an opportunity for those of you who are interested in the Cardano cryptocurrency, ADA.
