Cardano is consolidating at the $2 mark, so where should you purchase it?

At the time of writing, the Cardano coin was trading at $2.23. For the last week, the token has traded sideways in a fairly narrow range of $2.12–$2.23, and the coin might rally shortly if the bulls decide to launch a rally. The Cardano network has made a slew of announcements that might help drive the price of the cryptocurrency to new highs.

What exactly is Cardano?

Cardano is the first cryptocurrency whose technology is backed by peer-reviewed scientific research. Smart contracts have just been enabled on the Proof of Stake network. The network is decentralized, with a robust governance system that puts people in control. Cardano has garnered a lot of traction among cryptocurrency speculators.

Should I purchase ADA right now?

The Cardano cryptocurrency has witnessed several significant rallies in the past, and early ADA investors might benefit handsomely if the token’s price rises in the future.

A surge in volumes might drive the token’s price towards $3, allowing the currency to reach new highs.