The volatile and unpredictable cryptocurrency market has certainly made some bold and lucky investors rich, but it has caused some to lose a lot of money, too. That's the nature of an industry that is fraught with uncertain regulations, outright scams, and the potential to upend entire industries. 

Despite the market's troubles in 2022, investors might be looking to put some money to work while digital asset prices are down. One that stands out is Cardano (CRYPTO: ADA), which has fallen a whopping 73% this year (as of this writing). Should investors add ADA, Cardano's native token, to their portfolios right now on the dip? 

Created in late 2017 by Ethereum co-founder Charles Hoskinson, Cardano is an innovative cryptocurrency that is often dubbed an "Ethereum killer." That's because Cardano tries to improve around the issue of scalability, which Ethereum lacked berfore The Merge upgrade. Investors seem to appreciate this focus, as Cardano has produced a monster return of 1,500% in the roughly five years it's existed. And it is currently the eighth most valuable crypto in the world, with a market cap of $12 billion. 

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Source Fool.com