Cardano is the fourth-largest digital currency in the world and according to Charles Hoskinson, creator of the digital asset, ADA has not been built for millions but instead billions of users all across the globe. While the crypto market has been experiencing some ups and downs since the last few weeks, Cardano’s creator seems to have an optimistic approach regarding the growth and expansion of the cryptocurrency.
People who are inexperienced but plan on buying Cardano can use Binance exchange or Kraken, which are considered reliable exchanges. Choosing a secure crypto exchange can help invest funds without worrying about the risk of scams and a lot more.
Will Cardano Rise in the Crypto Rankings?
As stated by the creator of Cardano, development of the digital asset is based on two essential questions that include:
- “Where do we need to go?”
- “What do we need to do to have an ecosystem with a billion people, not an ecosystem with a million, and be able to sustainably provide a financial operating system for that?”
The smart contract model of the digital currency has been redesigned to make ADA capable enough of serving billions of people in the world. Cardano can very well excel amongst other altcoins if it can reach a level of stability where it offers services to a significantly massive portion of the world.
According to Charles Hoskinson, Cardano’s smart contract model has been redesigned to ensure that it offers security to billions of dollars of customer funds and becomes more sustainable. Hoskinson continued to state that the new smart contract model of the digital asset will enable millions of developers on a global scale to participate in the ecosystem.
Charles Hoskinson also highlighted the success of their project in Ethiopia, stating:
“Ethiopia took us over four years to negotiate, during a civil war. And despite that, and despite it being listed in the bottom 5% of countries of ease of doing business, we were able to close a deal for five million people that’s going to grow to over 20 million people, which is one of the largest if not the largest single deals in our industry.”
Should You Invest in Cardano?
Considering the shift in crypto market, many have been led to wonder regarding the importance and utility of cryptocurrencies. On one hand, Bitcoin’s price has drastically decreased while on the other hand, Cardano is set to have an updated smart contract model that is expected to take it higher above other altcoins.
The question arises, should you invest in Cardano or not? The volatility and unpredictability of the crypto market are not something new. Therefore, you should be considerate of market trends and carefully choose a crypto asset you want to invest in.
Regardless of the digital asset you choose, make sure you purchase cryptocurrencies through secure exchanges.
If you are interested in buying Cardano then you should use exchanges such as Binance or Kraken.
However, if you also want to invest in Bitcoin, you can also use SwissBorg or Kraken. Once you get an understanding of the market you can opt for crypto trading by using ByBit, which is one of the most well-known crypto exchanges. You can also opt for copy-trading through PrimeXBT Covesting if you are interested in in saving some time.