Home Finance Cardano (ADA) Price Stability Overcomes The Other Cryptos

Cardano (ADA) Price Stability Overcomes The Other Cryptos

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Yesterday, on January 24th, it was a good day for all the crypto-coin as their prices kept the ascending trend. Bitcoin (BTC) closed at $11,359, ETH closed at $1,058, and Cardano (ADA) closed at $0.62.

At the moment of this article, on January 25th, Bitcoin worth $11,066, ETH worth $1,036, and Cardano (ADA) still costs $0.62. Therefore, Cardano shows stability in comparison to the other top 10 crypto coins, and that motivates people’s interest in it.

Cardano (ADA) Proof-of-Stake

Cardano (ADA) is a coin launched by a team of engineers and academicians and is becoming more and more popular.

The philosophy behind Cardano resides on the idea that people need a sustainable and balanced ecosystem.

To back up this affirmation, there’s Ouroboros, the Cardano’s proof-of-stake, which, as many experts in this field believe, is a new piece of technology that has the potential to revolutionize the financial system.

Cardano (ADA) versus Ripple (XRP) and Stellar (XLM)

Cardano hasn’t yet obtained the notoriety of Ripple’s XRapid software which is already used by various payment processors and it is under tests at MoneyGram and several banks.

However, in comparison with XRP, ADA shows stability. For example, XRP price fluctuated a lot since the recovery of the crypto market, while the ADA showed more stability.

Another impressive top 10 crypto coin, Stellar (XLM) is also backed by an impressive piece of software which is fighting to replace Bitcoin technology in the future.

XLM is, at the moment of this article, at $0.62 after a 14.38% increase in the last 24 hours.

Conclusions on Cardano (ADA)

Cardano (ADA) will most probably be one of the most important virtual coins in the future, therefore investing your money on it could bring you a big profit later.

Cardano (ADA) can be bought and sold on BitTrex, Binance, UpBit, CoinNest, and BitMEX, with Crytopia and HitBTC coming soon.