For the past few of days, Cardano (ADA) and the whole top ten digital currencies have seen their prices devoured by bears. The value of bitcoin has dropped from almost $10k to its present value at $8,511. Also, the value of Cardano declined, swinging from a high of 39 cents to its present value at $0.24.
Although in the last twenty-four hours, there is some green dotting the crypto market, the sentiment is still in a bearish trend. The native coin of Cardano has lost 7 percent of its value in the past seven days.
Cardano Is a Great Project
A lot of people agree that Cardano (ADA) is a strong project and has a promising future in the digital currency space. The Cardano platform is seen as a third-generation project which could perform better than Ethereum and Bitcoin. It is built on the improving weaknesses and strength of the two leading digital currencies. As a result of this, the development team of Cardano is credited with creating a platform that has solved issues such as governance, interoperability, and scalability.
Cardano Is Prepared for Mass Adoption
Cardano has gotten so many attention from different sectors of the mainstream economy. The blockchain solutions of the digital currency are getting into the phase of deployment and a lot of projects could soon start using the platform.
A lot of users now know the amazing benefits of the Ouroboros protocol that doesn’t only provide security against bugs or attack, but also supports sidechains.
Where Can You Purchase ADA?
ADA can be bought at a lot of digital currency exchange platforms all over the world, it can also be purchased via Automated Teller Machines (ATMs). You can purchase ADA from any of those websites listed on the official website of the digital currency – Cardano.org. You can also check exchange platforms that provide trading pairs – Binance, Upbit, and Huobi Pro and host of other exchanges.