ADA coin

What is the ADA Coin?

ADA coin is new (newish) and still very much unknown, but what is the ADA coin? Who created ADA coins? Where and how and what are they used for? We explore why you should know about ADA and where can you buy or sell ADA coins in South Africa.

ADA coins anyone?

There are so many coins and tokens in the cryptocurrency ecosystem that one would think it’s simply not worth investing. Are there really cryptocurrencies coins or tokens that will yield a genuine return on investment? {discounting speculation, which we will cover in a future article}

To further consider this you need to look at the main reasons a coin is successful. We also need to define the boundaries for measuring the success of a particular coin or token. Moreover, you need to be specific with regards to the type of investment you are evaluating a particular coin for. This is usually measured in short, medium and long-term investment.

So what is the ADA coin?

ADA coins are the native currency for the Cardano platform.

We have a great page dedicated to Cardano and a collection of posts about the actual ADA currency. We look at what the ADA token is all about, the role it plays in the Cardano ecosystem and most importantly how this can benefit you, the investor.

Where can you BUY or SELL the ADA coin?

Buying and selling ADA coins in South Africa is easy. Create an account on iCE3 cryptocurrency exchange in South Africa. Here you can buy, sell and trade ADA for South African Rand. You can also exchange ADA for bitcoin (BTC|XBT) on iCE3X.

If I only had the $$$ to take advantage of these prices😏
#crypto #XRPcommunity – @JRoachmtmagent

How to store your ADA coins

The official and most trusted method for storing ADA coins is the Daedalus wallet by the Cardano team.

If you intend on investing medium or long-term (and even short-term depending on volume and trading strategies), then this is the preferred method used by experts.

What will the ADA coin be worth?

This is the question everyone wants an answer to. Well, no one knows the answer to this but there are some educated guesses on social and print mediaEstimates by some experts range from R8 – R60  per coin. Cardano is currently (22/8/2018) trading at around R2 per coin.

Any such estimates are just that, guesses. It should always be seen in context and sound financial principles applied. If you are not a seasoned investor, you should seek professional financial advice. That being said, the cryptocurrency industry is new, untested, unregulated and the last decade proved in some cases to have yielded higher returns than any other form of investment in the history

What makes the ADA coin worth considering for a high-risk investment portfolio?

The reasons which make ADA more likely to make a return on investment from hoddling, are clear and it differentiates itself from other coins and tokens due to:

  1. Sound academic foundations.
  2. Valid use cases, with credible solutions.
  3. Committed community.

The ADA token value may be volatile under certain conditions, but such conditions will, by and large, affect all coins equally. What makes ADA one of only a handful of coins or tokens worth considering for medium and long-term investment, is its academic principle. Consequently, it’s decentralised nature is “tamed” through scientific and academic best practice.

Let us know what your thoughts ADA are in the comments section below.

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Disclaimer Notice:

This article is intended to educate and should in no way be seen as investment advice or an enticement to use the platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.