Cardano does it again!

Cardano does it again!

By TwoDogsCaged | TwoDogsCaged | 18 Nov 2022


Hello all,

I swear I am not getting anything from writing positive things about Cardano. I just have to say everything I read about this cryptocurrency impresses me.

First, I love that it is innovating in a bear market. This is historically a positive sign that the business is strong and on solid footing. Second, I like the fact that it's founder also helped found Ethereum which seems to be another really good cryptocurrency. Third, he also seesm to be willing to challenge the system, put himself and his thoughts out there, and is willing to work on something other than filling his pockets (though my guess is he may be doing fine in that department.

I was reading today about staking. In this article: https://u.today/cardanos-impressive-staking-numbers-are-revealed-heres-what-theyre-about they talk about many different cryptocurrencies and there staking percentages.  Only BNB and ICP having higher staking percentages.  I think the more signs that a cryptocurrency is solid, the better it can help build trust in the cryptocurrency world. With everything that is happening now, with the fraud and significant loss of value, any good and solid news that is not trying to put a "shine" on things the better.

Staking seems to be good for the industry, and definitely good for the individual staking as it allows an individual to earn passive income.

Just a reminder, I am not providing any type of financial or investment advice. I am just writing out my thoughts as I am learning in this space.

Thanks for reading and tipping!

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TwoDogsCaged
TwoDogsCaged

Cryptocurrency is a fascinating idea, one that has many confused, scared and dismissive of the concept. However, it also is intriguing and likely a large part of the future.

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