Mini Cardano (MADA) has surged by 500% after launching yesterday
Mini Cardano (MADA) is a new token that was listed on CoinMarketCap yesterday. The token surged by 500% to a new high today, after its unofficial older brother Cardano shot up to new highs above $3. The token is currently the biggest gainer in the market, according to CoinMarketCap’s leaderboard.
If you want to buy Mini Cardano today, read on to find out the best place to buy MADA.
How & where to buy Mini Cardano in the UK and elsewhere
You can buy Mini Cardano from several different brokers and cryptocurrency exchanges. The choice between platforms can be baffling at times, so we’ve shortlisted two of the top services to try and make your decision easier.
Avoid unregulated platforms such as decentralised exchanges (DEXs) and unlicensed brokers, as these are not covered by the oversight of financial authorities.
As MADA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase MADA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy MADA right now, follow these steps:
1. Buy BNB on a regulated exchange or broker, like Binance ›
We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the SushiSwap DEX
Head to SushiSwap, and ‘connect’ your wallet to it.
4. You can now swap your BNB for MADA
Now that you’re connected, you’ll be able to swap for 100s of coins including MADA.
What is Mini Cardano?
Mini Cardano is the latest “baby” token, following in the footsteps of coins like Baby BNB and Baby ETH. Mini Cardano rewards holders, claiming to send both BNB and ADA rewards to the wallets of holders every 60 minutes. If these claims are true, buying MADA could be an easy way to become the beneficiary of a steady stream of passive income, denominated in two of the most valuable coins on the market.
Should I buy MADA today?
Mini Cardano has great potential as a short-term investment. The coin has flown up in value since it was listed on CoinMarketCap, with its 500% surge also coinciding with the meteoric ascent of Cardano (ADA) to an all-time high of over $3. The current price could be heavily discounted, with the potential of further gains over the coming weeks with a prolonged rally for ADA.The coin might also be worth an investment for those who want some crypto-denominated passive income. The claims of BNB and ADA rewards definitely merit further investigation and could make MADA a worthwhile investment for those looking for such a feature.