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Will Cardano or cryptocurrency be widely accepted?
Crypto questions
Cardano has a lot working in its favor and its price is responding. Many people who intimately understand the world of digital coins and tokens see ADA-USD as the future of the sector and expect it to eventually rival and ultimately replace larger cryptos such as Ethereum and Bitcoin.
Cardano is where cryptocurrencies are headed–not where they have been. The fact that ADA-USD is more energy efficient and superior when it comes to facilitating DeFi transactions and smart contracts makes it one of the more useful digital tokens, and an attractive option for investors who want exposure to cryptocurrencies that haven’t run up to exorbitant prices.
While all cryptocurrencies are risky investments, Cardano is worth a small position. ADA-USD is a buy.
On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.a
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