2 Reasons to Buy Cardano
With the market's total valuation down 47% (to $1.15 trillion) year to date, investors might be losing patience with crypto. But with sentiment near rock-bottom and macroeconomic headwinds like inflation cooling (crypto hasn't proven to be a hedge against inflation), now might be the time to bet on a rebound. Cardano's (CRYPTO: ADA) technical advantages and ambitious upgrades could make it a solid pick.
Like most asset classes, cryptocurrency prices tend to move in tandem with each other in the near term. They are all influenced by the same macroeconomic factors like inflation and Federal Reserve policy, which impacts investor risk tolerance and the amount of capital available to put in the market. However, over the long term, some assets dramatically outclass their peers.
Soaring over 3,000% from its 2017 launch to become the seventh-largest cryptocurrency with a market cap of $18.4 billion, Cardano is one of the industry's top performers. And this trend is likely due to its technical advantages and effective branding.
Source Fool.com
