Cardano is one of the top cryptocurrencies in the market and is expected to rise to new heights after the first Cardano-Based dApp raised $1.7 million in private sales. According to Cardano’s creator, it is anticipated that the altcoin will soon surge higher than its competitors in the market. The Cardano-Based dApp could very well be one of the influencing factors that boost the significance and value of the digital asset.
Many people believe crypto to be the future of currency as the utility and prominence of crypto assets are growing every day. Cardano is one of the altcoins that has also gained quite a popularity. If you are also interested in buying Cardano then you should use well-known exchanges such as Binance or Kraken.
What to Know About the Cardano-Based dApp?
People who are interested but inexperienced in the crypto market may wonder why the Cardano-Based dApp, Revuto, is important.
Revuto (REVU) is an innovative solution for subscription payments, powered by Cardano. It has been built on Cardano’s smart contract network and uses its functionality. This has significantly highlighted and expanded the use of cryptocurrencies, causing enthusiasts to look at them as more than just a means to buy real-life assets.
Revuto has also been reported to get investment from BlackDragon, which is a community-based blockchain investment team. Thanks to major VC funds and Cardano’s smart contract network, the application has raised $1,700,000 in a short period.
Josipa Majic, the CEO of Revuto expressed her gratitude towards investors who helped her team to develop the application that will ultimately make crypto spendable for everyone.
“We’re grateful to our private investors, including BlackDragon, for believing in Revuto’s team and tech, and for sharing our vision of making crypto spendable in everyday life. Having the right funding and investors that back our long term vision is crucial, and thus we are delighted to achieve this milestone and are excited for what lies ahead.”
According to Josipa Majic, Revuto might eventually develop into the kind of digital currency that has the same utility as fiat currency.
Is this Good News for the Cardano Investors and Traders?
The growing utility of cryptocurrencies such as Cardano is encouraging news for crypto investors and traders. The development of an application by using Cardano’s smart contract network can signify the formation of a new ecosystem with more opportunities for developers. It can also boost the price of the digital asset, which is anticipated by crypto enthusiasts.
Therefore, this can be a suitable time for interested parties to start investing in cryptocurrencies. People who have been planning on investing in Cardano can keep an eye on the market trends and use secure exchanges to purchase the cryptocurrency.
Novice parties can also consider investing in Bitcoin (the largest crypto asset in the market) by using exchanges such as SwissBorg or Kraken. Investors can ultimately consider crypto trading with well-reputed exchanges such as ByBit. Potential traders with not enough time on their hands can also consider copy-trading by using PrimeXBT Covesting.