Is it good to invest in ADA coin?
Is Cardano Safe? Generally speaking, Cardano is a fundamentally safe investment. However, just like other cryptocurrency, ADA is volatile and considered high risk by traditional standards. The team is considered reputable in the blockchain space, with founder Charles Hoskinson being a co-founder of Ethereum.
What is ADA coin used for?
Similar to other cryptocurrencies, ADA – Cardano is a digital coin that can be used to store value or send and receive funds.
Why is ADA so cheap?
Cardano is so cheap because it is a fairly new project that has not caught mainstream attention like Bitcoin or Ethereum. The second factor is that there exists 45 billion Cardano. So the relative price per share (ADA) is low because of the total supply being so large. Why is Cardano shortened to ADA?