As the Glacier Drop Rolls Out, Should You Buy the Cardano Crypto Here?
Cardano (ADAUSD) dis one of the projects altcoin investors swore by during the 2021 altseason. Cardano is similar to many flagship layer-1 smart contract blockchains like Ethereum (ETHUSD). This means that smart contracts can run on Cardano’s blockchain, and they’ll use ADA for gas fees. It is a proof-of-stake project.
It got the title of being the “Ethereum Killer,” supposedly destined to dethrone the Ethereum ecosystem as the leading alternative blockchain. Unfortunately, that never ended up materializing.
The crypto has underperformed since late 2021, with newer projects getting more attention. However, recent performance has been unusually good.
ADA is up 22.3% in the past month and 19.6% in just…
