Cardano is a proof-of-stake blockchain platform, which is the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
Cardano offers a unique approach to scaling and securing a blockchain network. It is a platform with three separate bodies responsible for maintaining and developing the platform. The cryptocurrency that operates in the Cardano network is called ADA, which can be used for direct value transfer. I know you are here to see if Cardano is worths investing in or not, so it's enough waiting, let's dive in!
Cardano is one of the most valuable cryptocurrencies in terms of market capitalization with more than $84 billion value. During the last six months, it has always ranked within the top 10 cryptocurrencies of the market. Its liquidity is almost double than market's average (82% more than the market's average), which means that it would be easier to sell it in a bear market. Our report about market capitalization ranking and liquidity can be found here.
Talking about popularity and winning public attention, Cardano is also one of the bests. Our data shows that its Twitter account followers raised exponentially from mid-May up to now. A 166% growth led to more than 8.5 million followers for its Twitter account! Moreover, Cardano's Reddit account saw a similar trend during this period and peaked at over 6 million subscribers. You can see our report on Cardano's popularity here.
Cardano's return on investment (ROI) was 2,624% for the last year, which exceeded in 'Smart Contract Platform' category that saw a 594% growth over the past year. However, compared with the total cryptocurrency market which had 3,718% growth last year, Cardano underperformed in terms of ROI. Seeing short-term, if you have invested in Cardano a month ago, you could enjoy a 46% profit on your investment. To see our report about Cardano's ROI, click here.
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