The cryptocurrency market is booming right now following spikes from some of its top coins.
Bitcoin hit over $50,000 for the first time since May, while Cardano (ADA) spiked to almost $3, an all-time high for the cryptocurrency, according to a report by Markets Insider.
One bitcoin is currently worth $49.68, a 7.47% spike within the past week, while ADA coin is at $2.88, according to real-time data tracked by CoinMarketCap (market capitalization is constantly changing).
Cardano is currently the third-largest cryptocurrency, surging more than 38% within the past week. It also spiked at the beginning of August following an announcement on its smart contract launch date for its main network, which could help Cardano compete equally with Ethereum.
How to buy Bitcoin and Cardano (ADA)
Bitcoin and ADA coin both are available to purchase on Crypto.com, Coinbase, Bitcoin IRA, Kraken and eToro, to name a few.
What is cryptocurrency?
Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.
If you’re interested in investing in other cryptocurrencies such as Dogecoin, Shiba Inu, Ethereum and Tether, here are some options to get you started:
If you want to educate yourself more on cryptocurrency and how it works, you can always enroll in an online course, too. Courses are offered at online platforms Coursera, LinkedIn Learning and Udemy.
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Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips
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