Hi Steemers!
It seems we're always inundated with new coin offerings and a seemingly endless choice of coins to invest in. As a relatively new entry into this crypto game, I struggle to find new coins that are worth investing in. I tend to read up on the various coins available, and then simply send my funds to Litecoin, Bitcoin or Dash, given that I know these are quite safe investments.
Just recently, while reading up on a few different coins, I came across Ardor. And was immediately confused as to why there isn't more hype around this coin. And with a market cap of $930,491,107 USD, it would seem this coin is quite undervalued at $0.92 USD.
So I thought I'd put the question to you, the ever friendly and knowledgeable Steemit community, does anyone know why this coin isn't hitting higher than $1 values?
If you don't know much about this coin then read on:
Ardor is a generation 3 coin (by way of example Bitcoin is a generation 1 coin, Litecoin is generation 2 and Ardor and NXT are generation 3 coins). This means that the technology can handle all the scaling issues that we've seen with Ethereum and Bitcoin.
Ardor is a 100% Proof of Stake scalable blockchain platform that is efficient and simple enough to use that banks, businesses and governments are likely to find this technology highly beneficial at meeting their technical needs.
The technology will enable users to create their own blockchain technology using child chains. This technology is based on the technology used in the Nxt blockchain.
A child chain is designed to allow for simple self-deployment a users own blockchain. The creators have stated that users will not need to worry about security, as security is handled by the main blockchain.
Jelurida are the company behind Ardor and the NXT blockchain. They are confident that Ardor's blockchain technology is a worthy competitor to other popular Crypto blockchain platforms such as Ethereum, NEM, and Waves. Given Jelurida's history, we know that this is a solid team to be investing our hard earned funds in.
The Current market cap of Ardor at the time of writing is $930,491,107 USD and Ardor has a current total circulating supply of 998,999,495 ARDR tokens (which is also their maximum supply).
Ardor coins cannot be mined, but are forged. This isn't something I'm particularly familiar with however you can read up on how it works here and at this Sub Reddit
What is incredibly positive to see, is that Ardor has reached all of its roadmap milestones which you can view for yourself at the link below. This bodes well for the platform, as it is already operational.
There's a few big things happening for NXT and Ardor in the coming weeks based on their timeline.
This leaves me wondering if we'll see some good movement in price over the next few weeks. In my mind, it's well worth keeping an eye on.
Note: None of this is financial advice, it is simply me speculating about an interesting coin.
Some useful links
Ardor Timeline
Ardor Website
Ardor Sub Reddit
Ardor in Forbes
