Whether or not Cardano (ADA) will be a currency is a topic of concern for Cardano community, as it has been considered as the commodity. The community believed that it is becoming a commodity instead of real currency.
The current market denotes mixed signals wherein king of crypto; Bitcoin is surging with over 3 percent, other leading cryptocurrencies including XRP, Stellar, Cardano are dipping low with 2.40 percent, 0.32 percent, and 1.98 percent respectively.
Cardano – Will it Become a Currency?
Gerolamo which claims itself as the research-driven publication by and for Cardano, community shared a detailed post yesterday, entitling “Will it (ADA) become a Currency?” Before we go any further, it’s worth noting that ADA cryptocurrency by Cardano platform is currently counted as the 13th largest cryptocurrency in terms of market capitalizations already.
The research report defined ADA as a money with a feature of Bitcoin that makes it available across the world. With instance, it mentioned that the Cardano as a platform is a car whereas ADA as a crypto token is the fuel. It reads that; “if you don’t have ADA, you can’t interact with Cardano.”
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**DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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