At the moment Cardano (ADA) is at $ 1.49 and seems to have the strength to surpass its historical maximum set on April 16, where it reached $ 1.55.
Today's Graph shows an increase of 12.5% with a 24-hour volume of 650 Billion dollars.
I see Cardano (ADA) as a strong buy for the month of May hopefully after today's climb ADA will need to make supports to keep climbing. I see supports around 1.35 dollars, everything below that price I consider a good entry, since in the month of May the expectation is $ 2 creating a profit greater than 60%
Cardano is a cryptocurrency that uses peer research to develop a network that avoids the difficulties of cryptocurrencies such as Bitcoin and Ethereum.
On the Ethereum network, to verify transactions they use Proof of Work which uses a lot of electricity and can only process a certain number of transactions at a time. In Cardano, instead, they use Proof of Stake, which uses much less energy and the network chooses who creates the next block using a system called Ouroboros.
In the coming months Cardano will live its update for smart contracts, which will make it a serious competitor to ethereum.
