I've been buying up a few altcoins at the market low prices of the past month. Currently HODLing Ripple, EOS, Litecoin, and Stellar.
I've been reviewing topics here and elsewhere, and I see Cardano / ADA mentioned now and then as one to buy.
The question is, why? What potential does it have? What is it good for? What can it do that other coins can't?
I really don't care about the long term viability of any coin, all I care about is how much money I can make. According to its history on coinmarketcap, Cardano only ever popped over $1 for a couple days in very early 2018.
If I bought at the current price of five cents and waited, it might get back to a dollar for a nice 20x gain, but I want more. And what if it doesn't pop again in the next bull run? Why would it pop? What if it just trickles off into nothingness like 98% of other coins?
Tell me why I should buy it.
Now not one project will not give a guarantee that it will soon unfold and bring profit to its investors. Having invested your funds there is a very high probability of losing everything. Therefore, about the Cardano coin, we can say that the project has its advantages among other altcoins in this market, and also has its own community, which believes in the great success of the coin. Therefore, I do not see anything wrong if part of their funds to invest in the project Cardano. I think the probability of profit is very high.