Cardano is a decentralized block platform on opensource smart contracts. It was launched in 2017. A few years after Cardano has been in business, Messari CFO claimed that it still has room for improvement.
Last week Cardano became the sixth biggest cryptocurrency. Messari co-founder and CEO Ryan Selkis said that traders can still go on to fetch more of altcoins.
Seliks said lower staking rates for Cardano (ADA) could mean a higher reward payout for investors who are “wondering if they’re late to the party” in his newsletter.
Seliks was of the opinion that it could emerge well for the bulls. “The potential discrepancy between staked and un-staked ADA however, could bode well for bulls even after Shelley goes live.
While the initial staking percentage won’t be known until after launch, Cardano’s incentivized testnet saw participation from 40% of the reported supply,” he added.
Seliks also mentioned that Cardano’s staking rates will be significantly lower than other large-cap networks like Tezos and Cosmos.
It meant that there is plenty of room for growth in ADA as investors.
The altcoin currently trades for $0.13.