Is Cardano a Buy Right Now?
If you've been thinking about investing in Cardano (CRYPTO: ADA), it's hard not to be concerned about what's happening right now. The price of Cardano broke through the $1 mark in March and seemingly hasn't stopped trending downwards since then. It's now trading at $0.31, down 90% from its all-time high of $3.10 just one year ago.
So is it worth picking up Cardano at these bargain-basement prices? There are plenty of bears out there who claim Cardano is basically worthless right now, but there is at least one good reason why Cardano could potentially double in price by the end of the year.
At Cardano's developer summit in mid-November, the one product launch that caught the attention of participants was a new fiat-backed stablecoin that will be ready in early 2023.
Source Fool.com
