What are the key metrics and statistics I should consider when evaluating Cardano as an investment?

1 answers

• Gi Beom GwonFeb 27, 2024 · a year ago
  When evaluating Cardano as an investment, it's essential to consider the key metrics and statistics that can provide valuable insights. One important metric is the decentralization level of Cardano's network. This can be measured by the number of stake pools and the distribution of stake among them. A higher level of decentralization indicates a more secure and resilient network. Additionally, you should analyze the transaction throughput and scalability of Cardano to understand its ability to handle a large number of transactions. Another important statistic to consider is the number of dApps (decentralized applications) built on the Cardano blockchain, as this indicates the level of developer activity and ecosystem growth. Furthermore, you should assess the security measures and audit reports of Cardano to ensure the safety of your investment. Lastly, it's crucial to consider the overall market sentiment and trends surrounding Cardano, as this can impact its price and investment potential.
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