According to the latest cryptocurrency news, Ada Сardano has already become one of the most popular cryptocurrencies in the world. The blockchain platform Cardano targets the launching of smart contracts, decentralized applications, sidechains, and multiparty computing. What is the future for his promising virtual currency? And in what position is it now?
Ada Cardano wouldn’t exist without the Cardano platform, which was founded in 2015 by Ethereum co-founder Charles Hoskinson. The cryptocurrency was founded in 2017. Its debut was with a market cap of $600 million. By the end of 2017, Ada had a market cap of $10 billion. But the highest level was in 2018 when a market cap was $33 billion for some time. But then a full crisis of the crypto industry made it back to $10 billion.
Cardano is a reliable partner for many global companies and governments of different countries.
In 2019, the Ministry of Education in Georgia let the Free University of Tbilisi use this crypto to create a credential verification system in Georgia.
Later this year, a global footwear company New Balance announced the future cooperation with Cardano blockchain to identity a basketball shoes collection.
And recently, at the start of 2021, IOHK announced that Cardano Ada would be launched in Ethiopia. It would be used as a record-keeping system for the country’s students.
Some people are interested in the difference between Cardano and Bitcoin. And one of the main differences is proof-of-stake Ourobots, which is used by Cardano, while Bitcoin and Ethereum use proof-of-work protocols.
How’s Cardano Ada become the 3rd crypto in the world?
The moment of this incredible and rapid growth was when its price was up 12% since its maximum. At the start of August, the price was up 46.5%, so the market capitalization was pushed to $65 billion. It was more than Binance Coin and Tether.
The impetuous growth of this virtual currency is also based on the upcoming roll-out of smart contract support on Cardano’s main network, which is updated by Alonzo. The roll-out is planned to be in September but before the Cardano Summit.
What is Cardano Ada price in 2021?
Maximum and minimum Ada Cardano prices during 2021.