What is the future of Cardano? Should I invest in Cardano or Bitcoin?
Cardano is a decentralized, blockchain based system, powered by the ADA coin, the cryptocurrency which runs on the Cardano platform.
You can easily buy/sell Cardano at its best rates from Coinswitch.
Future of Cardano:
Cardano opened for trading in October 2017, at a price of $0.025. Within just 3 months, it had peaked at $0.718 in January. That’s a growth of nearly 28 times - fairly impressive even by cryptocurrency standards. Here is the price movement of ADA over the time:
In the above graph you can see the entire journey of the Cardano, its ups and downs. So according to my opinion there is a chance that there will be rise in the prices by the end of 2019.
Should you invest in Cardano?
Even though it is a new virtual currency, the Cardano cryptocurrency has made a name for itself in the market. The supply is capped at 45 million ADA coins.
Since the cryptocurrency is still in its growth phase, an immediate Cardano investment might not be the best idea. However, in a short period, Cardano should be at a stage where it will be at its peak.
As the price is not currently high, investing in the ADA cryptocurrency platform would cost less, and yield great results in the future.