Cardano (ADA)R 8.58
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Cardano Live Price Data in South African Rands | (Cardano in ZAR)
Cardano current price is R 8.58 with a marketcap of R 302,523,026,502.45. Its price is 4.54% up in last 24 hours. If you would like to know where to buy Cardano, the leading cryptocurrencies exchange in South Africa for trading in Cryptocurrencies are VARL, Luno and Binance
Should I buy Cardano at R 8.58?
Considering the 4.54% up change over the last 24 hours, you may be wondering whether or not to buy Cardano. If you want to buy Cardano, it is important to first check the Fear and Greed Index below. If the index is on red that’s signaling a buying opportunity. When its on green that is signal to take profit or stay away.
What is Cardano?
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress.
What is Cardano (ADA)
Ada Is The Native Token Of Cardano. It is named after Ada Lovelace: a 19th-century mathematician who is recognized as the first computer programmer, and is the daughter of the poet Lord Byron.
What Can I Do With Ada?
Ada is a digital currency. Any user, located anywhere in the world, can use ada as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain.
Every ada holder also holds a stake in the Cardano network. Ada stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool’s likelihood of receiving rewards. In time, ada will also be usable for a variety of applications and services on the Cardano platform.
Fear and Greed Index
The crypto market behavior is emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. The Fear and Greed Index, tries to save you from your own emotional overreactions. Using two simple assumptions:
- Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
- When Investors are getting too greedy, that means the market is due for a correction.
Therefore, alternative.me analyzes the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means “Extreme Fear”, while 100 means “Extreme Greed”. See below for further information on our data sources.
