CARDANO ADA being a relatively new crypto currency, launched in mid 2017 has made a great progress so far in the crypto currencies market. Just recently this year it has been taken up by eToro, this financial markets giant just listed it on its network. Cardano just became the 11th crypto to be listed on eToro and by doing so it has entered the US market riding on the back of a platform which already has over 10 million users. Sole purpose of developing cardano was to smoothly run various smart contracts and dApps using its worldwide network approach. This crypto currency is more likely to succeed because of its intensive network and highly experienced and specialized team. Its developing team was lead by Etherium’s co-founder CHARLES HOSKINSON, which gave investors a lot of confidence to take up this crypto currency.
It looks to cover up the gaps that has been generating by ethereum in the US market and its network is more secured than that of ethereum. The company eToro believes it to be an ambitious investment with a bright future in the financial markets. It has played an integral part in promoting cross border trades in different parts of the USA i.e latin America. Cardano ADA looks to achieve wonder by solving the issue of compatibility that has been generated because of the blockchain tech.
Ever since it has been taken up by eToro its value is more likely to increase although in the past 2 months it has been struggling to get back on its feet. But a research proposes that it is a far more stable coin than the others in many aspects. Cardano ADA is already in the top 10 in the crypto’s capital market. Cardano’s success is backed up by its strong blockchain technology, its fool proof and doesn’t hinders from its main function i.e giving its customers a safe platform to perform the various functions that it offers to its investors. Some of the crypto currencies can fall victim to the flow of supply and demand but due to cardano’s highly functioning blockchain platform, it comes out on top as one of the worlds leading crypto currency.
ETORO itself has taken upto 11 crypto currencies and all of them are doing well. eToro is choosy in what currencies it allows to be regulated on its exchange, so in that sense cardano has earned itself another privilege.
Crypto’s financial markets are highly volatile and nothing can be said adamantly about their future. But looking at cardano’s past record it seems that it is going to be one of the best crypto currency available in the market to invest in.
Cardano ADA has already seen a lot of success and if it continues in the same passion its likely to see even more success. Right now it is being regulated and traded daily in the crypto’s market. It will most likely will join many other tech giants to expand its network and it looks to achieve even more wonders in the future.