Today, we’ll look at the top crypto that we think is the top cryptocurrency to buy and hold forever. We’ll also see why it qualifies for today’s article and we’ll back it up with some facts. And towards the end, we’ll also see why right now is the best time to buy this. Without delaying much, let’s dive into which top crypto to buy now and hold forever.
The cryptocurrency we have is here, of course, Cardano, or its coin Ada. We’ve been speaking about Cardano and its potential for a long time now but let’s look at some of the reasons why I feel this way.
To start with, Cardano is one of the best third generation cryptocurrencies. So the first generation cryptocurrency was Bitcoin. It’s one that really defined what cryptocurrency was, what some of the expectations are, and ultimately proved that cryptocurrency was even a thing of possibility for the future. And looking at the present, it still stands as the gold standard of cryptocurrencies, but whether it will continue to stay that way is another topic.
Then came the second generation cryptocurrencies like Ethereum, Dash, and others. The second generation cryptocurrencies came with a better vision, and ultimately, I really applaud a lot of the things they’ve done. Myself, personally, I’m actually a big holder of Ethereum as well. But, I think really moving forward in the future, I’m all in on Cardano from here – the third generation cryptocurrency. And here’s a comparison on Cardano and Ethereum.
With Ethereum, we’ve seen a lot of movement to where Ethereum is trying to adopt and make changes to be able to compete with some of these third generation cryptocurrencies. I personally think the jury’s out on whether they’ll be able to do that and make the necessary changes, and that why we’re all in on Cardano.
One of the big reasons we believe in Cardano is the transaction speed. We really believe this is going to be one of the defining factors of cryptocurrencies, which we’ll dig into in a little bit.
Charles Hoskinson was a co-founder of Ethereum, who left the network to originally create Cardano. So he basically took all the information and lessons he learned from the second generation cryptocurrency and went to implement them into the third generation cryptocurrency. And here are 4 reasons why Cardano is better than Ethereum!
So one of the first things he dug into was transactions. He went on to make sure that the transaction speeds were quick and the costs of transactions were low. To put this into numbers, Bitcoin currently transacts at around 7 transactions per second.
Ethereum is about twice as fast as Bitcoin. And there has been a lot of chatter lately, and a lot of layer 2 solutions that a lot of people are trying to put on top of Ethereum to make it transact faster. But ultimately, the native blockchain itself doesn’t transact more than 10-15 transactions per second.
Then comes Cardano. Cardano actually transacts at over 250 transactions per second on the native blockchain, and there’s actually room to make this even faster. So it can currently hold 250 transactions per second, and Hydra just recently moved into a beta level.
Hydra is a level 2 protocol that sits on top of Cardano that can provide upto 2 million transactions per second. However, the Cardano network itself on the native blockchain actually is transacting at 250 transactions per second, which is way faster than the previous generations of cyrptocurrencies.
Next, we’ll look into some of the feature sets about Cardano. The actual feature set of Cardano is its low transaction charges. Cardano has been designed from the beginning that it could be almost free but they wanted to protect themselves against Denial of Service.
So these DDoS attacks will allow anyone to just hit the network and cause problems. To prevent this, it is necessary that there is some transaction charge in place. However, Cardano has been able to keep this extremely low for users. It’s just low enough for the users but high enough to prevent the DDoS attacks.
Ultimately, Cardano has one of the lowest transaction charges of any blockchain out there. And it is overall one of the lowest cost platform to mint an NFT on. And I think as we move into 2022, we’re going to see an NFT explosion, and I predict that a lot of this is going to be around Cardano, where you can do that for almost free.
We’re also launching something to make minting those NFTs even easier, which will come out in the next few days.
Next comes smart contracts. We really believe Cardano’s going to win because it has the ability to do smart contracts. Smart contracts are the reason that Ethereum is still around. But given the fact that Cardano can do this at a far lower cost and a far higher speed, we think smart contracts will really stick well with Cardano.
Basically, Cardano holds all of the best things of Ethereum but on steroids. So all the problems that we run into in these second generation cryptocurrencies, we see a solution in Cardano.
So these are just a few of the reasons that I am personally all in on Cardano. And as we move into 2022, I think this is a great time to dig into Cardano. We have seen prices on Cardano fall, but really, I see this is a great opportunity right now. I think this is an opportunity for us to be able to grab and buy in now at great prices so that we can dig in and follow Cardano as it makes a bullish run in 2022.
As we move into 2022, our prediction is that we’ll see a lot of movement in the crypto space. And even in the last 24 hours, we can see Cardano starting to make some headway.
Thank you for sticking with me to the very end. We hope this has been valuable information to your journey with cryptocurrencies. You can keep track of our blog or YouTube channel to stay updated about crypto every day. And as always, make sure to keep your kids protected with CleanRouter and CleanPhone. This lets you have the ultimate parental controls with how your kids use their phone 🙂
If you’d like to learn more about the promising possibilities of Cardano, kindly check out the video below: