Cardano (ADA) is ranked on the seventh place in the cryptocurrency market with a market capitalization of $3.9 billion. Considering that Cardano (ADA) is a top ten cryptocurrency, no one should be surprised to find out that it has a massive following. Despite being so popular, things are not looking good for Cardano (ADA) lately and investors are getting concerned.
Cardano (ADA) Highlights
The main reason why Cardano (ADA) is such a popular pick among investors is because it offers fast, secure and anonymous transactions. While there might be many other cryptocurrencies which put all their focus on privacy, Cardano (ADA) is usually the best one. Nonetheless, Cardano (ADA) borrows many things from Ethereum like smart contracts for example, but this doesn’t mean that it’s a copy.
The Haskell Technology
Cardano (ADA) is actually quite different from Ethereum since it uses the Haskell technology which has been specially deployed on the platform. What this technology does is that it guarantees to users that Cardano (ADA) is a flexible and secure platform.
We should also mention that the Haskell programming language excels at protecting users from security breaches and of all other blockchain faults. The flexibility that the Haskell programming language brings to Cardano (ADA)’s network is what makes the cryptocurrency able to accommodate influx of transactions.
Cardano (ADA) is up by 0.28% in the last 24 hours which puts it at $0.150998 per token. This super affordable price is what makes Cardano (ADA) a great purchase for new investors.
Cardano (ADA) is the top candidate for investors who are looking to purchase now and to sell in the short time because this cryptocurrency is not running at its full potential which means that its price will probably go higher as new updates will be implemented.