Never underestimate the power of a cryptocurrency. Charles Hoskinson, the founder of Cardano (ADA), ranks 14 among cryptocurrency billionaires. This ranking is according to Investopedia’s list of cryptocurrency wealthiest billionaires.
In reality, we have many factors that may influence the value of cryptocurrencies like Cardano coin. Research showed that technological influence, the mainstream media, government regulations, demand, and supply could have a massive impact on the stability of cryptocurrencies. In addition, you might have noticed prices of cryptocurrencies change as soon as the founder makes an announcement. It happens. Before diving headlong into the revolutionary statement, it’s of equal importance to understand Cardano’s background.
According to Charles Hoskinson, the leader of the Hong Kong-based firm IOHK that founded Cardano, the digital currency aims to develop more advanced features than existing cryptocurrencies. So you want to know how Cardano coin works? As at now, it’s difficult for a nonprofessional to understand technicalities that make ADA coin work. Besides, it has three main organizations to facilitate its development; the foundation, Emurgo, and Input Output Honk Kong (IOHK).
Cardano Coin Will Be Better Than Bitcoin and Ethereum
This is according to an interesting interview with the Cardano founder, Charles Hoskinson. Financemagnets.com did the interview, and the results were promising. You will find answers to the most screening questions about Cardano.
The founder said within the next 6 months, Cardano will be better than Ethereum and Bitcoin in all aspects. While answering why the coin rose so fast, he gave a detailed explanation, concluding the cryptocurrency will be better than Bitcoin and Ethereum.
Despite rising so fast to be the fifth largest currency, Cardano (ADA) remained around its position for a considerable time. Admitting this claim, he said the rank of a cryptocurrency does not determine its effectiveness. He added, giving reference to Bitcoin and Ethereum. For instance, Charles said that Bitcoin failed in its payment exchange system. Since we are living in a speculative industry, there are chances that Bitcoin and Ethereum can go down anytime soon. By putting a lot of emphasis on previously made cryptocurrencies, Cardano coin capitalizes on solving weaknesses. These reasons may make ADA better than Bitcoin and Ethereum in 1-year time.
The founder also gave reference to the science, philosophy, team behind it, and previous achievements. Cardano coin will advance its market in Africa, South America, and other developing countries in a manner that suits their financial systems.
Security Features To Make Cardano The Next Crypto-giant
Cardano does not agree with most philosophical points. As can be seen, we have had exchange attacks, vulnerabilities, and hacking claims in most digital currencies. From its own philosophy, the currency takes these factors from a different angle. So, you may not witness any of these claims happening to Cardano.
Cardano coin is listed in ChangeNOW, a crypto exchanger service. If you are wondering Cardano has a potential future, here is what to do. Invest what you can afford to lose, as a way of diversifying your bets. You may see ADA won’t fade from the limelight anytime soon.
In conclusion, it’s good to diversify your bets on digital currencies. This is because other crypto currencies like Ripple, Ethereum, and Litecoin have an equal chance of becoming the next giant. Even so, Cardano (ADA) showed great interest in becoming the next giant through this exciting, revolutionary statement.