Cardano (ADA) Overview
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Cardano is sitting at #10 on the list of top cryptocurrency projects by market cap. It remains in the Top 10 list for a long time.
This is one solid project and great to hold/trade long term.
Cardano (ADABTC) Long Term Trade
Buy-in: 0.00000730 – 0.00000800
Next support: 0.00000700
Profits potential: 202%
(Buy-in calculated at 0.00000787)
Stop-loss: Close weekly below 0.00000650.
Capital allocation: <20%.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.