Cardano Price Surges 30% Ahead of Big Milestones

[Rain075]

The price of Cardano (ADA) has surged 30% in the past day, buoyed by upcoming developments for the protocol and a favorable sentiment among cryptocurrency speculators. It trades at $0.45 at press time, hitting prices last seen three years ago in January 2018.


Launched in 2017 by former Ethereum co-founder Charles Hoskinson, Cardano is a proof-of-stake protocol that allows users to run smart contracts atop its blockchain. Its current version, “Shelley,” bought about staking rewards in 2020, marking the start of the second phase of its multiyear, five-phase launch. source

[Alcor]

I was a little surprised today to see Cardano in fourth place on the CoinMarketCap table with a price of $ 0.64 and a capitalization of $ 19.8 billion. The fifth place is held by Ripple with a capitalization of $ 19.4 billion, and the sixth - by Polkadot with a capitalization of $ 17.5 billion. Previously, Ripple and Polkadot competed for fourth place. Today, unexpectedly, this dispute is resolved in favor of Cardano. Over the past 24 hours, this coin has risen in price by 20 percent and by 76 percent in a week. Excellent price growth.

[Malam90]

Now price is 2x after this topic has been posted. So no longer relation with present market situation. I am locking the thread. Thanks