Cardano has quickly become relevant in a crowded market after its initial release on the 29th of September 2017. It was developed by Charles Hoskinson, one of the co-founders of Bitshares and the Ethereum project.
The coin takes the smart contract concept from Ethereum, but seeks to deliver even more advanced features than any other protocol already out there. Cardano will be capable of running financial applications, smart contracts, and decentralized applications. They plan to achieve this with a core team of global experts who’ll continue to evolve the blockchain platform with a research-first driven approach.
Historically altcoin price fluctuations had a positive correlation with bitcoin price movements. This meant that if bitcoin price increased, you would soon expect the altcoin prices to increase, but recently bitcoin price and altcoin prices seem to be independent. Factors that drive price of an altcoin are interest around the altcoin, if there is an upgrade coming up, listing on prominent and trusted crypto exchanges and new partnerships formed by the altcoin.
Altcoin adoption has a major role in positive price increases, adoption is hugely influenced by the use cases of the coin. Spreading of FUD by media, negative press from influential people, banning of crypto by certain countries (regulation) and hacking of altcoin and exchange platforms has a negative effect on altcoin prices.
Cardano can be bought via conversion on our marketplace. This means you can buy ADA with ZAR, EUR, NGN, GBP, AUD and many more. Supporting 25 countries, ADA can be bought using the most convenient local payment method; including bank transfers, PayPal, TransferWise, supported fiat deposits, direct deposits and M-Pesa. Credit card payments are coming soon.
Cardano can be sold for BTC or other cryptocurrencies via the Coindirect conversion service. If you are located in one of our other 24 supported countries, you can instantly sell your ADA by selecting the best buy offer from vendors in your country or you can set up a sell offer on our marketplace if it's one of our major supported currencies.