What wallet does Cardano store in? (Can Cardano be held long-term?)
What wallet does Cardano store in? According to official news, what wallet does
What wallet does Cardano store in? According to official news, what wallet does Cardano store in?
Cardano is the world’s first digital currency issued based on blockchain technology. Cardano is a new type of encrypted asset launched by the famous American venture capital company DraperDragon in 2017. It is issued based on Cardano and currently has a market value of over 100 million US dollars. It has good application prospects in digital finance, gaming, and other fields. In addition, Cardano optimizes transactions and settlements on the platform through decentralized means, realizing low-cost stablecoin trading services.
Can Cardano be held long-term?
According to CCN’s report, Cardano (ADA) holders can hold it long-term in the short term. However, some people consider it as a speculative token and a risky investment because investors cannot obtain returns or profitability from it. There are two reasons for the increased demand for Cardano: first, due to market volatility and a sharp decrease in trading volume; second, a decrease in yields due to price increases. In addition, a major factor is the problems encountered by cryptocurrency exchanges during the bear market, and many platforms have closed down.
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