Cardano (ADA), was created by an inventor of Ethereum, Charles Hoskinson. Cardano is a well-developed cryptocurrency that will take several months to be fully employed. Expect over the next twelve months for Cardano software and infrastructure to come online for wide-scale use by consumers.
Potential Market Outcomes
Outcome #1: The price of Cardano will increase slowly over the next several months as the software is further developed and increased demand in the market place.
Outcome #2: A rapid price increase could occur within the next few months due to new features are added to the Cardona protocol.
Defensive Recommendation: For the next few months, wait for significant price increases as further confirmation as to the general price direction of Cardano.
Pre-Trade Posturing: For short-term purchasing, it is recommended that buyers maintain accounts at multiple exchanges to quickly respond to buying and selling opportunities.
Exit Strategy: If necessary, it is recommended this coin be sold in small transactions to avoid delays in liquidation.