Cryptocurrency cardano, a new gem for investors?

Launched in 2015, this cryptocurrency has a great chance to become an investor favorite this year.

Cardano cryptocurrency captivates investors. Last year, Solana was a star with more than 300% gains in one year. But Cardano seems to be taking over. On the Cardano blockchain, it is not so much a question of price, but rather we have to look at the side of smart contracts, these intelligent contracts that transact on the blockchain and give value to cryptocurrencies.

Since the beginning of the year, these contracts have increased by almost 70%, from 15,000 active units to 24,000, mainly due to the adoption of a new programming language that makes script transactions even more efficient, shorter and lower costs.

Inspired by Voltaire

So Cardano has come a long way since its inception in 2015. Its founder Charles Hoskinson, also a co-founder of the Ethereum blockchain, is extremely positive about the prospects of his cryptocurrency this year, even seeing a Voltaire-inspired philosophy in it.

Indeed, Cardano’s operating principles could be based on democratic governance, institutions and the form of a constitution. It remains to be read in classes. Performance is rather good at the moment with a gain of over 60% over the last 3 months, but the momentum seems to be stalling around 60 cents.

It will undoubtedly take some time to reach the summer 2021 highs of around $2.80 again.

Antoine Larigaudrie with Pauline Armandet

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