ADA is the cryptocurrency which is generally considered to be the native crypto which is owned by the Cardano blockchain....
Currently the Cardano(ADA) is valued at $1.30 with a market capitalization of around 39billion US dollars and that made it to become the third largest crypto based on the market cap........
Cardano blockchain was first launched in 2017 and it was actually confirmed to be backed by " IOHK ",IOHK is a business venture that is is hong Kong based....
The CEO of IOHK is named "Charles hoskinson"...Charles hoskinson is the co-founder of ethereum...
One thing I noticed about the ADA is that it quickly tend to obey whatever Bitcoin does on the market and the ADA have taken advantage of the current bullish trend of Bitcoin and that is why the Cardano have increased in price value and now at number 3...
Based on market analysis ,the Cardano was able to have price increase of up to 645% just within the past three months........
Why I am scared of investing on the Cardano(ADA) is that I see it as a crypto that 100% rely on the bitcoin market,I see it as a crypto that cannot stand on its own...
