Cardano is a second layer Dapp & DeFi network seeking to compete with Ethereum with lower gas fees, faster transaction speeds and resulting larger scalability for payments processed per second. Founded by Ethereum co-founder & #2 developer Charles Hoskinson, ADA emerged on the market with it's launch in September 2017 at only 1.6 cents a coin.

Cardano began 2021 at 17 cents a coin and has since hit peaks of $1.99, $3.10 and $1.96 at different points in this Bull run. Trading back down at only a few cents above a dollar with the current market tumble, ADA has plenty of room to grow it's market cap short term and has provides functional value props that indicate it is ready make a big impact on DeFi contract processing and the larger Crypto markets ASAP.

One of the core elements our CryptonomicsNOW team likes most about ADA, is that much like Bitcoin it's lifetime supply is capped at a maximum limit. As of now in early 2022, only about 74% of all the ADA that will ever exist are in circulation, and that maximum supply limit of 45,000,000,000 will continue to enter circulation as usage increases, transaction fees are processed and more nodes join the network. Many of today's up-and-coming Altcoins lack this crucial element of a maximum supply limit, and ADA's supply scarcity overtime could lead to per coin value increases in the same way Bitcoin has seen appreciation.

5 financial dapps are already on deck for release on Cardano in early 2022 so do your own recon & consider ADA for your wallet soon!

Spring Coin to Watch Update! April 20, 2022

After tumbling to a 12 month low of 77 cents on February 24 2022, ADA has shown a lot of upward momentum sin the 7 weeks since, holding prices as high as $1.24 per coin and releasing several new popular dapps in the NFT, competitive gaming, DEX and DeFi spaces. Cardano has also begun developing a cult following among many high profile celebrities who are entering the crypto investment space, making big social media splashes with endorsements and large investment holdings from the likes of Gene Simmons, Gal Godot and even Snoop Dogg.

While we don't offer financial advice here at CryptonomicsNOW, and certainly wouldn't take investment advice from Rockstars, Rappers or even Wonder Woman, it does show that the loyal ADA community is growing it's reach and attracting large scale investment from high profile players looking to allocate large amounts of liquidity.

Another attractive aspect of Cardano is the success it has found using proof-of-stake as a consensus mechanism. As the energy consumption inherently required by proof-of-work networks continues to draw the ire of well-intended but crypto-misinformed environmentalists, having it's early success already built around a thriving PoS network should continue to make Cardano an attractive option for new development projects looking to leverage blockchain as well as investors interested in making "green" investments.

CoinMarketCap ADA Deep Dive Link:
https://coinmarketcap.com/currencies/cardano/