Cardano is a blockchain which is decentralized and its main purpose is to provide a safe infrastructure for the development of smart contracts and I consider that this is a cryptocurrency which under $1 can have the best performance in the year 2024.
If I talk about fundamental analysis of it then it is very important to keep in mind the team which is behind the project so cardano founder was Charles hoskinson. There are many experienced people that have strong background of cryptography which are involved in the team.
Cardano works on proof of stake algorithm this is another factor to consider when we talk about fundamental analysis and this is consensus mechanism which is very secure scalable and sustainable so in this web platform also have a focus on academic research and a good layered architecture that can separate the settlement layer from the computational layer which in turn increase the flexibility and security of the blockchain.
Cardano is making progress day by day because it is highly adopted by others with the passage of time as well as I think this is possible because it has partnerships with the various organisations for the implementation of blockchain solutions in areas which are supply chain management as well as identity verification you can say so these partnerships are also very helpful in increasing the adoption and value of this cryptocurrency specifically.
My personal recommendation is to first have a look at the white paper of cardano because exploring its road map is very important when you invest in it but my personal advice is that it is one of the best coin in which you can invest in 2024 because it is growing in a fastest way but I am not financial advisor of anyone else that's why you should conduct anymore research rather than my advice before making any investment.
Steps that are involved behind purchasing of cryptocurrencies are below:
Suppose you want to buy cardano so select an exchange which is supportive for Cardano purchase like you can select coinbase or Bitcoin.
After selecting the exchange you would create your account and you would put on your identification documents for account creation.
After the creation of your account you can add your funds into exchange account through debit card or any other source etc.
When you would see that now your friends are deposited then you have to search for the cardano because you want to purchase it as I have told that I am supposing to purchase it already.
Then I would go for my order placement by keeping in mind the actual amount of cardano which I want to purchase and I would choose a proper trading pair for that purpose.
Last step would be to click on the buy button for the completion of purchase after getting satisfied by all details of order in the above step. It is very important now to save your purchase into a more secure wallet for its personal or added security.
That was all about a detailed procedure hope you understand.
As STEEM is a cryptocurrency so I must want to say one thing that I cannot exactly give you the price which is going to be in 2024 but this is just a little projection and prediction by me according to my personal analysis and according to the data of analysis of different people that I have read and I know about it.
STEEM is a block chain in which users are rewarded by cryptocurrency which is Steem so what is going to the price of descriptive currency it depends upon the adoption competition technology advancements and market trends of it.
When we talk about future of this cryptocurrency then it would be definitely highly influenced by its adoption and I think it's adoption would increase in 2024 because day by day definitely there would be more users engaged at this platform as it is not working on a mechanism which is supportive for any Central authority so it would definitely increase in its price with the passage of time when more users join this platform.
If I talk about competition then it means that this blockchain have competition with other social media platform blockchain projects so if there would be some new projects which would be unique and which would differentiate this blockchain from others than definitely it would be for the betterment of this flat form and it would also increase in the price of STEEM.
When there would be enhancement in terms of technology at this platform then definitely it would be impact full for the future of STEEM Blockchain. Suppose if there is any technology advancement which is related to the improvement of scalability issues and enhancement of the experience of users then it would make this blockchain more attractive for all the investors and users and definitely and their would be more investors then it would drive up the price of this coin automatically.
Market involvement is very important regarding the price increase or decrease in 2024 and for this regulatory changes and investor sentiment is acting a lot so market trending is very important when we talk about its pump and I think mark it is going to be in favour of this cryptocurrency in 2024 according to my analysis.
If I talk about projecting the price of STEEM in 2024 then my analysis in projecting its price is very simple that in 2020 when Bitcoin halving occurs then at that time we see a very huge increase in the price of this coin and then after some months there was a decrease also but it was also for a little time so we all know that according to the white paper of Bitcoin halving have to be occurred after every four years so 4 years are about to complete within the next three months and after that we all are expecting a huge increase in the price of Bitcoin and it is also said that there would be a largest pump of history in the price of Bitcoin.
When there would be the increase in the price of Bitcoin and definitely other cryptocurrencies are also related to it as it is the king of others that's why if there would be a little increase in its price then STEEM would also effect in a positive way so I am expecting that STEEM would be around 0.40$ in mid of 2024 and by the end of 2024 I am expecting that it would be around $1 so just pray for it that what I am saying should comes true must 🙏
Cryptocurrency adoption is disrupting that traditional financial systems that's why it's adoption is increasing day by day because now awareness is increasing among people that how people are significantly getting attracted towards the Crypto world.
Individuals and businesses are recognizing the demand and potential of cryptocurrencies because now faster and cheaper transactions can be done through them and transactions are done with the more enhance this security and more financial inclusivity that's why this is a way of attraction among people of different countries and I can give examples of some countries in which we have seen a huge increase in its adoption.
| 1 | Africa |
|---|---|
| 2 | South Africa |
| 3 | Switzerland |
| 4 | Malta |
| 5 | Singapore |
Many countries are creating favourable environments for businesses related to cryptocurrencies to thrive so this is a kind of supported behaviour that is provided to different users and people by their governments and this is because everyone is considering cryptocurrency very innovative.
Financial industry can be revolutionized by the use of cryptocurrency because there is no need to use traditional financial systems after such kind of innovation in the form of cryptocurrency. Now people have more control at their finances after the introduction of cryptocurrency and before this there was reliance at some intermediate sources by the people but now this process is going to be closed and world is developing day by day and thoughts are changing and for this reason people are moving towards new technology and new innovation.
If I summarise then due to high adoption by some positivities and growing acceptance by business as well as availability of good regulatory environments in some countries providing by their governments I can see your cryptocurrency future promising but it doesn't mean that I am advising anyone that you should must invest in cryptocurrency because still there are involved with it has cryptocurrency is highly volatile so caution is required at must for keeping yourself away from any fraudulent activity.
I want to invite here
@steemdoctor1
@suboohi
@sailwana
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
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Dear friend your analysis on crypto exchange and cryptocurrencies is really amazing and interesting you showed how intelligent you are and how is experienced you have been on crypto related matters and I must say to you I really appreciate your good job by easily breaking down such complex topic into a simple and understanding one.
This factors you listed are very essential when we are weighing the chances of a successful crypto project. I must say you are really experienced to have discovered this vital knowledge and information concerning cryptocurrency.
Thank you very much for sharing, please you can check my own entry here
wishing you success
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Wow, my friend, your analysis of crypto exchanges and cryptocurrencies is absolutely mind-blowing. It's incredible to see how knowledgeable and experienced you are in crypto-related matters. I truly appreciate the way you effortlessly break down complex topics into simple and understandable ones.
If I were to sum it up, it seems that due to the high adoption, positive aspects, and growing acceptance by businesses, along with supportive regulatory environments in certain countries, the future of cryptocurrencies looks really promising.
The factors you listed are absolutely crucial when evaluating the potential success of a crypto project. Your expertise in discovering this vital knowledge and information about cryptocurrencies is truly impressive. Keep up the fantastic work, my friend.
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You done great job and how you step up one by one and the way you have try to give detailed study of the Cardano buy it makes marvellous entry
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Thank you so much for taking part in this engagement challenge and I am very happy that you have discussed cardano that it is going to be very stronger in 2024 that's why it's your recommendation to others that everyone should buy it and should invest in it but final decision you are saying to have from a financial advisor as well as you have also discussed that what is going on with STEEM. I wish you good luck in this engagement challenge in which you put your maximum efforts
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TEAM 5
Congratulations! Your comment has been upvoted through steemcurator08.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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hello dear sister @sahar78
Your detailed analysis of Cardano including its fundamental aspects partnerships and team background provides valuable insights for potential investors. The step-by-step guide on purchasing Cardano accompanied by screenshots is informative and well-presented.
Your opinion on the future of STEEM in 2024 is well-supported with considerations of adoption competition technology advancements and market trends. Your projection of STEEM's price based on Bitcoin halving and market dynamics adds depth to your analysis.
In discussing the overall promising future of cryptocurrencies you appropriately highlight factors like adoption competition technology advancements and market trends. Your emphasis on personal research and caution is commendable offering a balanced perspective on cryptocurrency investments.
Great job providing comprehensive insights and guidance on these complex topics🚀💰
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12 enero 12:30 bitcoin bajo a 44 mil los efectos de la revolucion pero igual creoo que al ser una moneda donde escapan de los gobiernos no creoo que la puedan destruir ,para mi es el futuro ,despues sabemos que muchas la siguen cuando tiene fuerza ,esperonmos que el steem siga su curso alcista ,abri que se mas flexibles al dar bienbenida y apoyar a los nuevos asi se agrnda mas sus posibilidades y no ser una comunidad exclusiva cerrada.
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