5 Cryptocurrencies Redditors are Buying for the Next Bull Run

3. Cardano USD (CCC:ADA-USD)

Cardano USD (CCC:ADA-USD) is a decentralized blockchain and cryptocurrency platform that pioneered the proof-of-stake concept, which is a more efficient alternative to the proof-of-work concept.

Ada is the native coin on the Cardano network, which is given out to users for taking part in the stake pool. The Cardano network was developed by Charles Hoskinson in 2017. Mr. Hoskinson also happens to be a co-founder of Ethereum. The platform is compatible with smart contracts and considers itself a new version of Ethereum to bank the unbanked globally.

In terms of market capitalization, Cardano USD (CCC:ADA-USD) is the eighth biggest cryptocurrency on the globe and the 11th most active cryptocurrency in the last 24 hours as of July 24. Cardano USD (CCC:ADA-USD) is constantly undergoing improvements and currently, in the Basho developmental phase, is focusing on scalability and interoperability. Experts anticipate the price of Cardano USD (CCC:ADA-USD) to reach 63 cents by the end of 2022, $2.93 by 2025, and $6.53 by 2030. Prior to the crash in the crypto universe, the experts had anticipated Cardano USD (CCC:ADA-USD) to close the year at $2.79