Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cardano Forum => Topic started by: Riya143 on July 16, 2020, 07:56:09 PM
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ADA’s price has rallied on the base of Shelley and “smarter contracts,” but mainstream adoption is still a faraway goal.
Bitcoin’s (BTC) volatility hitting its lowest since late 2018 has forced investors to turn to altcoins that could act as more lucrative investments in their portfolios. Cardano (ADA) has been one of the largest benefactors of this move. Its price has rallied around 400% in 2020; its market capitalization has almost quadrupled to surpass Bitcoin SV (BSV); and it has become the fifth-largest cryptocurrency in circulation by market capitalization.
Read More: https://cointelegraph.com/news/cardanos-ada-price-continues-upward-push-as-goguen-upgrade-approaches
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Recently, it has become noticeable that some altcoins are growing in value regardless of the price of bitcoin. The Shelley upgrade will turn Cardano into a truly decentralized blockchain and when the Shelley upgrade is complete, Cardano will be 50 to 100 times more decentralized than other blockchain networks.