Cardano has gained almost 9% in 7 days: Where can you buy Cardano?

In August 2021, Cardano founder Charles Hoskinson announced the introduction of the Alonzo hard fork, which caused the price of the ADA token to skyrocket. According to Coinmarketcap, it gained 116% in the following month. After that, it reversed some profits and fell to sixth place by market cap. Does Cardano have a future?

What is Cardano?

Cardano is one of the largest blockchains that has successfully used a proof-of-stake consensus mechanism. It is less energy-intensive than the proof-of-work algorithm that Bitcoin relies on. Although the much larger Ethereum will upgrade to PoS, the transition will only be gradual.

All technology developed by Cardano goes through a peer-reviewed research process. That means bold ideas can be challenged before they are validated. According to the Cardano team, this academic rigor helps ensure that the blockchain is durable and stable, which increases the chance of anticipating potential difficulties.

Should I Buy Cardano Today?

Crowd Wisdom is forecasting a price in the range of $ 1.62 to $ 1.71 today. The general recommendation for the next 24 hours is "Buy!". If you're not sure, read other predictions to help make an informed decision.

Cardano price forecast

In the longer term, Wallet Investor predicts an upward trend. According to the analyst platform, Cardano's average price could be $ 2 early next year and climb to $ 4.1 by the end of 2022. It could reach $ 12 by the end of 2026.

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