The Cardano token has been trading sideways in a tight range of $2.03 – $2.30 over the past week. The ADA token has had an impressive run with more than 10,000% gains since its inception. The coin could potentially generate another 30-40% gains from the current price level if the bulls maintain interest.
How and where to buy Cardano in Germany and elsewhere
If you want to buy Cardano, you need to set up an account with a crypto exchange/broker website. When registering an account, you must provide a username, password and email address. The website also asks you to verify this information through the Know Your Customer (KYC) process, which is necessary to ensure the security of all users of the platform. You can submit copies of your driver’s license and utility bill to comply with KYC regulations.
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What is Cardano?
The Cardano network is a proof of stake blockchain that is vetted by professionals. The cryptocurrency has become popular and has made Ethereum strong competition. The network has received a lot of publicity after enabling smart contracts on the platform.
Should I buy ADA today?
The Cardano Coin is a strong cryptocurrency and has managed to consolidate its position as the third most popular coin after Bitcoin and Ethereum. The early holders of Cardano could receive sizable profits if the token goes up in the future.
The coin has the potential to recover further if the bulls decide to push prices lower. The token could break through the $ 2,5 mark if the whales manage to start another rally.
This article is for informational purposes only – none of the content should be construed as financial or investment advice.