5 Reasons Why you should Invest in Cardano
April 21, 2021 (Investorideas.com Newswire) - Since the initiation of Bitcoin in 2009 -there have been numerous other cryptocurrencies introduced to the world. Some are released to cash out from the hype. However, there are countless other digital currencies like Litecoin and Cardano that bring something new to the table. Therefore, it is equally important to look out for such coins.
Cardano is a blockchain system that is essentially used to build smart contracts. The smart contracts in return, create decentralized applications and protocols. On top of this - users can use the platform to send and receive coins.
This article will dissect five reasons why you should invest in Cardano.
After the launch of Cardano -its growth has been linear without any dramatic increase or decrease. This linearity sets it apart from other cryptocurrencies. The frequent increase in price will promote its growth, especially when other currencies take a significant fall in their value. In February 2021 Cardano was the best performing cryptocurrency. This is a prime reason to invest in Cardano,
Cardano is currently priced at 1 dollar. The low price is inclusive of everyone as nearly anyone can afford to buy a digital coin, priced at one dollar. On the contrary, Bitcoin's ship has already sailed for beginners. Bitcoin's price stands tall at 63000 dollars - which is intangible for many people.
This makes Cardano a go-to investment for people who want to get into crypto but cannot afford to get their hands on the more popular ones.
Low energy cost
Bitcoin is making waves worldwide, but it uses an exponential amount of electricity to mine coins. This has made people skeptical about its future. Mark Zuckerberg has stated that Bitcoin's energy consumption is one reason he is reluctant to invest.
Cardano, on the other hand, is energy efficient. It uses way less power to perform the same tasks as Bitcoin. The energy-efficient nature of Cardano makes it future-proof as the world is already heading towards an energy crisis. Therefore, investing in Cardano will be a wise decision to make.
Cardano has a different mechanism to perform transactions. It used Proof-of-Stake instead of the Proof-of-work protocol that Bitcoin and Ethereum use.
This new and improved system allows Cardano to perform 1.000 Transactions per second (TPS). Therefore, the transactions are faster and cheaper to execute.
Cardano and EMURGO have collectively joined hands with Bidali. It is a Canadian payment gateway that stands for the future of digital currency incorporation in the commercial sector. This partnership between EMURGO and Bidali will allow the users to be able to get their hands on items from a multitude of brands such as Amazon and Starbucks.
The payment will be performed using an online gift card platform, but it's a great start to incorporating cryptocurrency commercially.
So far, only Bitcoin has been involved in such activity, but a few high-end brands like Tesla have only endorsed it. Cardano, on the other hand, can open a whole new world for digital currencies.
There are several cryptocurrencies available on the market. They are being adorned by many as people use platforms like Bitql to trade with them. However, famous cryptocurrencies like Bitcoin are indeed getting a tad bit expensive and fragile.
Cardano on the other hand has set the bar high with the help of a few reasons. The value graph has been linear with gradual increases. They are making Cardano a safer option for investment.
Similarly, Cardano uses a proof-of-stake system that performs over 1000 transactions beating both Ethereum and Bitcoin in being energy effective.
Lastly, Cardano's integration for commercial use is a breakthrough moment for the world of cryptocurrency.
All these reasons make Cardano an eligible candidate for your next future investment.
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