Financial Experts Favor Buy and Hold for Cardano (ADA)

Cardano (ADA) has managed to avoid many of the pitfalls that other cryptocurrencies have. It ranks as the 12th cryptocurrency by market cap. Its nearest competitors IOTA (MIOTA) and TRON (TRX) have experienced greater flux. 

ADA still offers a reasonable buy-in price. Think of it as you would a penny stock. On February 8, 2019, it offered a price of $0.040524. Its market cap is $968.53 million.

The Charles Hoskinson created coin performs better than some others due to his experience in the field. He also worked on Ethereum, learning a lot from its development.

The Cardano staff includes financial professionals and academics. Their development angles work to address scalability issues and devise new ways to serve the unbanked and underbanked. 

It already trades on Bithumb, eToro, HitBTC, Huobi and UPbit. Its overall stability and continued growth provide the two overarching reasons that finance experts recommend ADA as a buy and hold option.