Cardano is a blockchain and smart contracts platform with a cryptocurrency called ADA. It was founded by Charles Hoskinson, a co-founder of the popular Ethereum cryptocurrency, in 2015 and launched in 2017. ADA is one of the highest performing assets in the crypto space. One question in the mind of many people is if Cardano will hit an all-time high of $10. Yes, it is very possible for ADA, the token for Cardano to reach$10. To begin, it is a terrific proof of stake project with much less energy required than other popular cryptocurrencies like Bitcoin and uses Ouroboros—a proof-of-stake algorithm—to create blocks and validate transactions occurring on its blockchain. Furthermore, Cardano has released amazing products for identity management and product traceability. If you would consider the cheap value of Cardano currently, here is the reason why: Cardano is so cheap because it is a relatively new project that has not attracted as much attention as other popu;ar cryptocurrencies like Bitcoin and Ethereum. The second factor is the market volume as there are 45 billion Cardanos. So, the relative price per share (ADA) is low because the total supply is very much.
Compared to bitcoin, Cardano is objectively better than Bitcoin. However, at a basic level, Cardano is just another Blockchain and It's proof-of-stake, not proof-of-work. Fortunately, Cardano’s "proof-of-stake" system is "1.6 million times more energy efficient" than Bitcoin.
In conclusion, Cardano aims at creating a public blockchain platform for smart contracts that automatically execute the terms of a contract or legally binding agreement. For investors who hope to invest into a crypto asset that has a higher chance of ROI in the future, Cardano is a good choice.