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2 Reasons to Buy Cardano

TheMotleyFool

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With prices up over 1,000% (to $2.10) year to date, Cardano (CRYPTO: ADA) has had a tremendous run this year. While the cryptocurrency market is notoriously volatile and difficult to predict, the high-flying blockchain may have more room to grow because of its strong economic moat. Let's explore the reasons for Cardano's edge.

Launched in 2017, Cardano is a public blockchain designed to facilitate peer-to-peer transactions through its internal cryptocurrency, ADA (investors purchase ADA tokens to bet on Cardano's growth and adoption). Unlike Bitcoin, which isn't programmable, Cardano allows private developers to create sophisticated smart contracts on its blockchain (Bitcoin's smart contracts are less complex).

Image source: Getty Images.

Source Fool.com

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