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Hello dear community, this is my third assignment this week for the Investors-Team group with teachers @pelon53 and @imagen , so let's start with the task, today I will talk about a new token.

The name and token entry of the project, and on which exchange it can be exchanged, project/team/technical background

Cardano (ADA) was created in 2015 is a decentralized network that was created in order to solve some flaws that had other networks such as Ethereum and Bitcoin, in terms of energy problems using the consensus algorithm that is known as OuroBoros which is responsible for correcting the excessive energy consumption that exist in other networks such as Bitcoin and Ethereum these in turn use the consensus algorithm POW.

The best thing about ADA is that it provides security because it is Decentralized, it also has very good scalability, this in turn consumes less energy than other networks already mentioned above, this makes it very striking for investors is in primary positions in the rank of coinmarketcap at # 9 is one of the best coins in the cryptographic history.

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ADA was launched in 2015 as an ico that was organized at that time by the Cardano foundation, currently we can see the characteristics of ADA in the following picture:

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The ADA team is founded by Charles Hoskinson, who was in turn co-founder of the Ethereum blockchain, is a native of the United States, has as members the CEO Frederik Gregaard, Jillian MacNab, Mary Beth Buchanan among other participants who remain anonymous. right now we see that cardano has prices of $0.08326USDT with a Market Cap of $28,038,583,136 which gives us a lot of tranquility when operating or rather lodear.

The exchanges where we can see it are: Binance, kraken, bybit, Gate, Kucoin, Huobi, coinbase, bithumb.

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Why I am optimistic about this token today and how long you think it can go up

ADA offers us something very important that many of us miss and that is energy saving this means that thanks to its OuroBoros protocol that helps us to correct energy consumption we can interact without producing global warming in large scales, unlike the huge farms of billions of dollars as is the Bitcoin that use large amounts of energy and thus you see create excessive temperatures that help global warming cardanos brings us a solution to the problem ADA, I like this project and I am optimistic thanks to the scalability, security and fast transactions makes cardano is an innovative project in the world of cryptos.

I will place my order and perform the corresponding technical analysis with real money on ADA/USDT

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For the following analysis I will rely on the RSI indicators that tells me where is the oversold, I can also observe the resistances and the most important supports that already passed where the price turned this way I am placing my stop loss below the important support and my stake profit before reaching the important resistances this is very simple is because the price always when they get that overhead or arrives before or breaks it when it will test, then to ensure the operation I place it a little earlier this way it will be certain to reach that point of resistances.

I do not know how long it will take to arrive I will leave some time to advance and I will tell you how I bought at 0.827USDT for an amount of 10usdt but with the gas that is paid for this transaction in Binance was 0.08usdt for that transaction, and of course when I sell my ADA I will sell them at 0.841 and earn about $ 10 which generates a total profit of 0.08usdt remember that this is a real money operation demonstrative to see that the numbers and patterns give.

After waiting a few hours the trade was successful so it was a trade that took several hours to complete but it came out positive according to the technical analysis effectively took a support position and entered in range for a few hours then came out as I predicted in the technical analysis and just touched the resistance to fall again I assume it can fall in range to try to break the resistance or fall back into high volume support but that would be for another operation.

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Recommendations for investors if they want to buy ADA.

I recommend buying ADA to loiter for years, it is a project which I see it very big future even can triple its price in this year by the project and the market trend when it is bullish will be huge its growth also I can say that the other coins of which I spoke in past operations also have great growth potential. ADA without a doubt is a project of the future where each ADA can cost a lot of USDT right now ADA is at a relatively good price to buy and loiter so yes I recommend buying to keep ADA in your wallet safe.

Conclusion:

I have done my operation quietly with cardano, I am encouraged as ADA is a project that has solved scalability problems without much effort as I said earlier this is a currency for the future because energy is the new world gold, everything consumes energy the machines for mining consume energy our houses some cars, and everything consumes energy something that ADA cardano care a lot is energy. therefore it is the next currency to mount in the passing of the years, the ADA platform rewards you for keeping bet ADA.

In my research I find that ADA has very good developers and professionals in the field so it gives me a lot of security and inspires me a lot of confidence to bet on ADA right now.

BY @jensys888

Cc:

@pelon53
@imagen