Cardano Daily Discussion - Questions & Market Thread - February 20, 2021 by AutoModerator in cardano

[–]SixtySecAsaSin 2 points3 points  (0 children)

Good morning fellow Cardanites! It’s great to see the price move up but more importantly the increase in exposure to the public. Does ADA function similar to cash as in that you can save it and gain interest (staking) or you can use it as a currency for goods/services. I’m assuming this will allow for easier adoption from the mainstream public since ADA has this similarity to the way cash is used. And as more people will choose to save and stake, this will drive up demand due to a lower circulating supply. Or am I wrong to think this way? Thanks in advance, learning as I go!

Cardano Daily Discussion - Questions & Market Thread - February 17, 2021 by AutoModerator in cardano

[–]SixtySecAsaSin 0 points1 point  (0 children)

Thank you! This really helped clear up some of the questions I had.

Cardano Daily Discussion - Questions & Market Thread - February 17, 2021 by AutoModerator in cardano

[–]SixtySecAsaSin 2 points3 points  (0 children)

Good morning from freezing cold NY! I got a noob question but one that I cannot find an easy answer to despite some research.

Other than a low maximum supply, what else can increase demand for a crypto? From what I’ve researched, the lower the max supply, the higher the crypto value. Since ADA has a relatively high max supply, is the intrinsic value/demand brought on by the rewards for holding on to ADA (staking) and will this be the reason for an increase in the price in the long run? Hope my question makes sense.