As ADA is a cryptocurrency, it trades on an open market, meaning that depending on when you sell, buyers may offer more favorable prices. Remember, the value of your ADA will rise and fall against other cryptocurrencies (like BTC or LTC) as well as cash (like USD and EUR).
Read moreWhich coins are correlated with Bitcoin?
Litecoin, Ethereum, and Ripple all showed signs of extremely strong correlation with Bitcoin prices between 2016 and 2018.
Read moreIs ADA dependent on Bitcoin?
ADA is sustainable because of its blockchain protocol. So unlike Bitcoin, Cardano does not rely on supercomputers to generate new ADA units and process transactions . Cardano is based on what is known as a “proof-of-stake” system.
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