For the past few days, the cryptocurrency market has been bullish indicating that Bitcoin, along with the entire industry, may be on the way to a long term recovery. After Bitcoin reached an all time high of almost $20,000, it lost over half that value in less than a month. However, the storm seems to have halted for Bitcoin and this is a good thing for Cardano ADA as well. Cardano has been in the spotlight for awhile now with news of partnerships and advancements keeping the Cardano community excited. Many members of the cryptocurrency community are beginning to wonder if Cardano is worth the hype or or if XRP and Litecoin (LTC) are better options.
Is Cardano Worth The Investment This 2018?
Cardano isn’t the only cryptocurrency that is making the news, XRP and LTC have also been doing well and this is why most investors still prefer them to other alternatives. However, the focus of this article is Cardano (ADA). Recently, Coinbase announced that it is considering adding Cardano (ADA) and some other coins to its platform. This news alone increased the credibility of the token and gave the price a boost within a few hours. The fact that Coinbase is going to list ADA makes it a solid investment option you should consider. This is because Coinbase has a reputation of listing only the best digital assets. The fact that they are preparing for institutional investors is no news.
Cardano (ADA) Price Today – ADA / USD
Also, co-founder of Cardano, Charles Hoskinson, is always making efforts to update the public on the vision the company has. Recently, he said:
“I want to see Cardano become the first cryptocurrency with a trillion dollar capitalization because that will mean we have developed a self-sustaining economy.”
Cardano has a lot of research driven projects on the way which makes his vision a possibility in the future. The Cardano team is dedicated to becoming the best in the industry. So, to answer the question, yes. Cardano is a good investment option.