Cardano is a high-quality general-purpose, smart contract cryptocurrency that goes against Bitcoin and Ethereum head-on. It is currently number 5 by market capitalization and has a huge team behind it, just look at this: https://iohk.io/team/
I am very disappointed with the mass euphoria in crypto that has started looking more and more ridiculous as of late. Forks, pump and dump campaigns, McAfee, FOMO, mass investor, futures, the inexplicable 20x growth of tokens that aren’t worth a damn. It became clear to me that fundamental analysis was thrown out the window, and crypto has become a gamble.
There is only one semi-reliable way to find out what to invest in, and this is crowd analysis – trying to read the market sentiment and join a trend while it lasts.
This is how I decided to buy Cardano. I didn’t even research it. I administrate a FB group for crypto and I am a member of 20 more. All I see, all day, every day, is Cardano. And once Siam Kidd recommended it, I knew I could do no wrong if I bought it. So I did. And today I did the fundamental research on it. I was impressed by the technology, the team, the devotion, the fast pace, and the enormous amount of commits and contributors on their GitHub. So now my research gave me confidence that I might have made the right choice.
Then I opened youtube and video after video was praising Cardano.
With a huge roadmap and so many people working on it, there are plenty of reasons ahead of us to make the price keep going up and up. I even dismissed my fear of cryptos with over 1 billion tokens (there are currently 25 billion Cardano coins on the market) – the market disregards that, so I will, too. Let’s hope this ridiculousness lasts some more.
To read the full review, click here.
How can you buy ADA?
You first need to buy Bitcoin or Ethereum on Coinbase and then transfer it over to your account at Binance to exchange it for ADA. For reference, check out the guide on Cryptomarket360 – Cryptocurrency Investing: How to Buy Altcoins. If you get stuck or need help, send them a message through their Facebook page or use their contact page and someone on staff will walk you through the process.