The crypto-markets are abuzz with news of a resurgent Bitcoin (BTC). The King of Crypto made some enormous gains last week that even John McAfee was wondering if this was another Bull run. The past week has been amazing and many crypto-enthusiasts believe this is the beginning of something great with the daily discoveries of more and more institutional investors getting into crypto.
There is the BlackRock investment firm that has declared its interest in blockchain technology as well as cryptocurrencies. There is the Swiss-based SIX stock exchange that plans on launching a fully integrated crypto exchange. Coinbase has also launched the Coinbase Custody service to store the digital assets of institutional investors and high net individuals.
This then brings us to three reasons why you should get some Cardano (ADA) before the institutional investors get wind of the wonderful digital asset.
To begin with, Cardano (ADA) is the cheapest digital asset in the top 10 according to market capitalization. ADA is currently trading at $0.166 at the moment of writing this. One can argue that there are too many ADA coins in circulation. There are currently close to 26 Billion ADA in circulation and a total supply of 31.11 Billion. But this is still less than the circulating supply of XRP (XRP) which stands at 39.3 Billion coins in circulation and another 60 Billion owned by the Ripple company.
This, in turn, means that once the ADA platform has integrated all the planned layers and protocols, the coin has the possibility of eclipsing XRP at an astronomical rate.
Secondly, and as mention, the ADA platform is currently being developed in layers and is the product of some elegant scientific research and work. The first layer of the platform is the settlement layer that is linked to a control layer. The latter is where there are plans for integrating smart contracts. There is also the ongoing decentralization through the Shelley protocol. Cardano is completely open-source like its predecessor, Bitcoin. Think of ADA as an improvement of Satoshi Nakamoto’s vision of a cryptocurrency and decentralization. More information about the project’s progress can be found on its roadmap page.
The third reason to go hard on Cardano (ADA) is the simple fact that has been highlighted in the title of this piece. The institutional investors are yet to get into crypto 100%. The ones that are already in the industry, are probably more focused on the big five coins of BTC, ETH, LTC, ETC, and BCH. Notice we have not mentioned XRP because it has a lot of pending cases and additional SEC scrutiny. As a matter of fact, ADA could replace XRP as the next digital asset in that list to make it the sixth crypto in the big 6 coins everyone wants to own.
Summing it all up, we are at the cusp of something monumental in the crypto-markets. The last 6 months have thinned the herd in terms of who is still left owning cryptocurrencies. The ones who are left, know that the big money from Wallstreet is coming and it is coming in like a tsunami. Therefore, it is wise to stock up on coins with potential such as ADA.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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