Cardano is one of the hottest altcoins right now. Sitting at number 10 on CoinMarketCap with a price of only $0.08, it has great potential to explode in the near future. Here are 3 reasons as to why you should be looking to buy Cardano.

1. Shelley Mainnet

Recently, Cardano announced that Shelley is expected to be released around late July to early August. Shelley is the name used to describe a new era where Cardano aims to become more decentralized. More importantly, staking will be introduced. Introducing staking will undoubtedly increase the hype and interest around Cardano. Once the mainnet is officially released, users can start to stake their coins and generate passive income. There has been a lot of hype recently about the upcoming release, as ADA's price has surged by nearly 37% in the past week. 

2. The Team

Unlike many other cryptocurrencies, Cardano isn't developed by one single company. 3 different organizations are contributing to Cardano, being the Cardano Foundation, IOHK and Emurgo. The Cardano Foundation is the main head that works with the community and deals with commercial and regulatory issues. IOHK works on many of the research and development behind the project. Emurgo works with businesses and other start ups looking to use and grow on the Cardano blockchain. Its founder, Charles Hoskinon, is also a highly respected figure in the crypto space. Cardano's strong group of leaders and companies working with it should only help boost investor confidence in the project.

3. Strong Upward Trend

Source: TradingView

The price of Cardano has seen a strong upward trend ever since the crash due to Covid. It's surging volume and increasing price bodes will for the future of Cardano. It also recently broke the resistance level at around $0.07. While there might be some short term price falls, in the long run, the future seems bright for Cardano. 

Cardano is a sleeping gem that everyone needs to become aware about. Look to invest in some Cardano before it becomes too late.