This is my entry to the #bitcoinisbooming challenge. Glad was I when I first saw this contest this morning about my favorite cryptocurrency because I am sure this is an opportunity to learn about different cryptos.

My Favorite Cryptocurrency that I hold

Hmmm, although I have a few cryptocurrencies in stock awaiting the perfect period for it to break it's all-time high before considering selling it and making maximum rewards,
My favorite cryptocurrency I have in reserve is cardano (ADA).

What is Cardano?

#Cardano is a cryptocurrency first launched some time around September 2017, and since then, Cardano has rapidly established itself in the top cryptocurrencies category. The project made headlines in January 2018 after exploding to a staggering $33 billion in market cap. Today, the number has dropped significantly to around $3.5 billion in August 2020. But, it is still growing strong ranking 9th among all the cryptos available. (Source: https://www.cryptovibes.com/blog/2020/08/15/is-cardano-ada-a-good-investment-in-2020/)
I discovered this coin has a great promise in terms of prospect this year although I knew about it in 2019 but didn't bother much about it because I never paid enough attention to it.

Why did I choose Cardano?

I guess the basic reason traders invest in a coin is it's promise. For me, I chose ADA based on it's volatility, funny right? I decided to trust that the crypto will one day reach it's utmost high or break it's highest limit, you know. I also chose ADA because I discovered it's doing well on the coinmarketcap. As at the time of writing, ADA is rated at

How Long Have I Had ADA?

I bought this cryptocurrency early May, 2020 and I've done nothing but keep it in my wallet awaiting it's ripe period.

ADA's current performance

The current performance of ADA in the coin market is quite interesting. Although, the fact that it's very volatile can be a disadvantage but gamblers like me wouldn't mind and will bet on such feature.

What I think of ADA's Future Prospects

Truth be told, I get scared sometimes about it's future but as a hardened believer I want to be sure it's future is proving to be bright after different alterations in its price over the past 3 years.

Plan I have for ADA.

I plan on holding it until it peaks to around 0.8-1.0$. Since I bought it at 0.33$ I will be dancing and jubilating when I hit jackpot.

Other Cryptocurrencies?

I'll be discussing on other cryptocurrencies that I've got and many more I've been trying to learn more about and possibly invest on.