Latest News

Cardano Can Improve Further, Claims Messari CEO

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.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.