London, UK, 12th August 2021, ZEXPRWIRE – The crypto market in 2021 has been able to recover from the worst of 2018, even though it’s not in a bullish run as some crypto enthusiasts would prefer. However will this change in 2019? And how can you be able to make money off of market corrections and bull runs?
What are the cryptocurrencies that will spike and provide high returns in 2021 if they’re still available for trading?
In this post, the broker from Financialcentre, Nathan Banks will be looking at the top cryptocurrency to invest in 2021. These crypto currencies are available today and there are even more so that you can still invest in it now before they go completely mainstream.
Cardano is a blockchain-based project for decentralized transactions. They use their own cryptocurrency, Ada, to facilitate secure peer-to-peer exchange of goods and services without the need for third party financial institutions like banks or credit card companies that often charge high transaction fees. Cardano was founded on October 30th 2015 by Ethereum’s co-founder Charles Hoskinson who left what has become one of today’s leading platforms in order to create something better—namely less energy intensive than Bitcoin with more efficient smart contracts as well as scalability which can be updated quickly when new innovations arise.
Cardano’s main innovation is a new method of blockchain technology known as “Ouroboros”. There are three layers in the architecture: the computation layer, which consists of nodes on which smart contracts are run; the messaging layer, where Cardano updates its ledger; and finally the ADA cryptocurrency.
The official ticker symbol for Cardano is ADA and it was the first cryptocurrency to use Ouroboros. Cardano has a lot of potential for growth, even though its market price has except for a few months been extremely undervalued in comparison to other cryptocurrencies such as Bitcoin. In 2021, Cardano may see great changes in its value and how it is perceived by investors as it will likely rise by then. If you invest now, this will likely be a good investment for the future as Cardano could easily reach $200 per ADA (at time of writing in late August 2018, they are at around $0.30 each).
Cardano is a good long-term investment as well as short term. ADA can be purchased on many large exchanges and the project has a large team working on it. The currency is designed to scale in order to accommodate more transactions than Bitcoin which requires moving across slow, fee based blockchains.
Cardano aims to solve problems created by other cryptocurrencies such as Bitcoin. For example, Bitcoin’s blockchain is too slow and expensive to use as a currency for micro transactions. As well, Cardano allows you to create your own side chain in order to update the ledger quickly which allows for quicker innovation in terms of smart contracts and protocols being developed on top of Cardano’s side-chains. The end goal is to create a scalable blockchain network that can be used for everyday transactions like buying your morning coffee.
Cardano’s ADA cryptocurrency has been gaining traction and more exchanges are listing ADA as the days go on. In order to purchase Cardano, you will have to buy Bitcoin or Ethereum first and then exchange it for ADA. Some of the most popular exchanges for trading ADA are Binance, HitBTC and Huobi. In order to trade on these exchanges, you will need to create an account with real world identity which may put some people off who would like more anonymity.
Cardano is a great investment as it aims to solve all of the problems associated with today’s cryptocurrencies such as Bitcoin. Cardano will likely see a great increase in value by 2021 from its currently extremely undervalued state relative to other crypto currencies. It is also important to note that although no one can predict what will happen, Cardano has the potential for even more growth when it comes out of beta phase in 2020.
In terms of price:
Cardano has potential to increase rapidly which means it is a great long term investment as well as short term if purchased now. That said, there are still risks involved with investing in cryptocurrencies and caution should be exercised at all times. If you feel that you might have trouble managing your emotions while trying to trade, it is best to avoid such investments. With that being said, Cardano has a great team of developers and leaders who are working hard to create an amazing cryptocurrency.
You can invest in ADA now as it is likely to see growth in the future if you haven’t already done so. If you want to keep updated with ADA news, you will have to do your own research or subscribe to a Cardano Youtube channel. The Cardano Reddit can also be useful and you will find information regarding the team’s progress in their roadmap there as well. If you want to invest, make sure that you are informed of all of the risks involved before doing so.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.