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What is Cardano? future analysis of Cardano?

 

* Cardano is one of the biggest cryptocurrencies by market cap. it's designed to be a next gen evolution of the Ethereum idea- with a blockchain that's flexible, sustainable, and scalable platform for running smart contracts, which allow the development of a wide range of decentralized finance apps, new crypto tokens, games, and more.


* As of march 2021, however smart-contracts functionality has yet to be rolled out by developers. An upgrade scheduled for the second quater of 2021 will unlock smart contract features, bringing Cardano one step closer to its goals of providing developers with a blockchain platform that is robust, secure, scalable, and highly energy-efficient.


* Much like the Ethereum blockchain's native cryptocurrency is ETH, the Cardano blockchain's native cryptocurrency is ADA- which can be bought or sold via exchanges like Coinbase.


* Today, ADA can be used to store value ( perhaps as part of your investment portfolio), to send and receive payments, and for staking and paying transaction fees on the Cardano  network.

Founder

* Cardano was founder in 2015 by Ethereum co- founder Charles Hoskinson . The development of the project is overseen and supervised by the Cardano foundation based in Zug, Switzerland. It is the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as agreener alternative to proof-of-work protocols.


ADA in Circulation 


*Cardano is the same way. It has a max supply of 45 billion ADA, and there are currently about 32 billion ADA in circulation. that alone doesn't guarantee the price will go up. But if Cardano takes off in popularity, then the limited supply could help increase demand.

Where you can buy Cardano? 

*Binance

*Coinbase

*Kraken

*eToro

*SoFi


There's a limited number of Cardano available. 


*Cryptocurrencies can either have a fixed or unlimited supply. Bitcoin is the most famous example of a cryptocurrency with a fixed supply, as there will never be more than 21 billion Bitcoin.


Interesting facts

*Cardano is energy-efficient.

*The founder of Cardano helped create Ethereum.

*It can handel large numbers of transaction.

*Cardano has a wide range o users. 

*There's a limited numbers of Cardano available.


Analysis of Cardano

 

*Now ada support at 0.916-0.92. if we don't hold this support area next support at 0.63-0.65.  

*Now ada resistance at 1015-1.025 if we break here with volume hold this area, next resistance at 1.094-1.103, next  resistance take many rejection 1.485-1.49 next at 1.82.

*Next three year ada crossed a 8-10$ mark. it's a good coin for long term investment. Always try don't invest at signal price don't invest complete amount in single coin try to diversify your portfolio.