Cardano has seen its price surge by 25% in the past seven days, trading to a high of $2.43.
Cardano is a proof-of-stake (PoS) blockchain platform designed to give changemakers, visionaries and innovators the technology and tools to create applications that can bring positive change across the world.
While the rest of the crypto market has seen a downturn over the past few days, Cardano has set itself apart from the rest of the market by continuing to post fresh gains, leading to a buying spree for the coin.
Where can I buy Cardano?
You can buy Cardano on an exchange or through a regulated broker platform that allows for that.
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What is Cardano?
As the first blockchain project founded on the principle of evidence-based research and peer-reviewed, Cardano is attracting growing attention not only from a community of investors but developers keen to use its pioneering technologies for decentralized applications (dApps).
The decentralised and environmentally-friendly blockchain has seen a surge in adoption as development brings it towards mass adoption. Cardano has seen a 24-hour trading volume of $364,118,149,224 as traders buy the coin.
To put this into perspective, Cardano’s price has increased by 55% over the past 30 days.
The commitment towards innovation via peer-to-peer scientific review continues to make Cardano stand out among peers in the crypto space, with its adherence to high standards of security key to having a platform that will realise further growth and mainstream adoption.
The project is also fully decentralised, with a solid team of engineers and developers working across three entities in Cardano Foundation, IOHK and Emurgo. In Charles Hoskinson and Jeremy Wood, the project also has leaders dedicated to making Cardano achieve its goal of changing the world through blockchain.
How is Cardano different from Ethereum?
Cardano shares some similarities with Ethereum, both being smart contract platforms. However, Cardano is different because it has been developed from scratch. The Ouroboros protocol is the first of its kind in the space and allows the network to scale globally, putting Cardano ahead of Ethereum for this reason.
According to one market analyst, Cardano is likely to “take over the smart contract game.”
Cardano is going to take over the smart contract game. It’s not a diss at any one project. It just is what it is.$ADA
— Dan Gambardello (@cryptorecruitr) May 10, 2021
Apart from allowing cheap transactions, Cardano seeks to use its technology to protect the data of billions of people around the world. With protection of personal data key to global systems, the knowledge that there is a secure and highly scalable platform will continue to attract adoption.