Cardano makes headlines again following the latest achievement.
It’s been just revealed that iTrustCapital, a self-directed cryptocurrency IRA provider, has announced that it now allows investing Cardano (ADA) in retirement accounts, according to the latest reports coming from UToday.
The same online publication also notes that the main advantage of putting money in crypto through your Roth IRA is the ability not to pay any taxes when trading crypto.
According to the same notes, iTrustCapital’s clients are charged a 1 per cent trading fee. More than that, they are to shell out a fixed monthly service fee of $29.95.
The same publication mentioned above notes that apart from Cardano, iTrust Capital also offers Bitcoin, Ethereum, Litecoin, Stellar, Pokladot, EOS, and other cryptocurrencies.
In order to boost diversification, it also offers access to the gold markets.
Cardano in the news
Just the other day, we were addressing the fact that ADA is undervalued.
Analyst Justin Bennett said that he believes Cardano (ADA) may still be undervalued.
“A lot of people are trying to tell me ADA is overvalued. We’re in a crypto bull market. That means 99% of cryptos are or will be massively overvalued by conventional valuation models. ADA moving sideways for six weeks tells me the market doesn’t believe it’s overvalued at all.”
There have been all kinds of bullish predictions about the price of Cardano these days and the latest one says that ADA could see a massive price boost.
Bennet said to be building a “sizeable” ADA position and set support at $1.10 to $1.30.
“Over the next month’s, according to the analyst, ADA could go as high as $10,” the online publication notes.
He said that ADA moving sideways is an indication of a “fair game”, a sign that ADA’s price is not overvalued.
At the moment of writing this article, ADA is trading in the red and the coin is priced at $1.45.