This cryptocurrency seems to share lots of similarities with Ethereum and still differs from it with other features. Every wise investor would not take the risk of putting all his cryptocurrencies into one digital purpose. Cardano is a good choice when it comes to diversification of cryptocurrencies. It is good for investment and a good pick for the portfolio. It was founded by Charles Hoskinson, one of the founders of Ethereum, and was released in 2015.
Cardano is relatively cheap to all other cryptocurrencies. Although at the moment, Cardano is undergoing a slow pace of development, which had to be so in the last two years. However, there is a lot of faith in the crypto coin that by the end of the year 2020, Cardano would reach a $ 2.88 andvan ever-increasing $3 per coin. It was even predicted that 2020 would bring a 200% increase over the price of Cardano that was achieved in 2018. Therefore most investors are being encouraged to make the best of this season and engage in the Cardano coin.
Unlike the Bitcoin that runs on a proof of work blockchain, Cardano had its proof of an algorithm called Ouroboros. Cardano can be bought at any digital exchange that supports the currency. One thing that distinguishes Cardano from all other cryptocurrencies is the presence of a block explorer that permits users to check transaction history that is re-recorded on the blockchain. This cryptocurrency gets support from three Organizations with different leadership and ownership. Cardano is one valuable cryptocurrency with promises in the upcoming years.
