Cardano is now the third largest cryptocurrency in the world based on market capitalization alone.
Although it is currently receiving less media attention than its rivals Bitcoin and Ethereum, that could change soon.
Given that the performance has risen more than 750% since the start of the year in the last few weeks – this is not matched by the closest rivals and what helped it get to third place is likely to attract investors put on and pay more attention to the cryptocurrency.
What will happen to Cardano?
The price of Cardano has risen massively since the beginning of the year, a few months have increased the value by 300%.
Cardano’s total value is estimated at around $ 40 billion, and its popularity appears to be growing.
The currency was in log mode until early March and, while popular, hadn’t quite peaked.
They announced via Twitter in late February that the development team would come out with an update that would allow users to prove ownership of non-fungible tokens and enable support for stable coins with traditional currencies, which has helped the public blockchain gain in popularity.
When Coinbase released details of its plans to go public in February, people were paying attention and this caused a significant surge in cryptocurrencies across the board, not just Cardano.
An introduction to Cardano Crypto
If you’re looking for an introduction to Cardano crypto, you can find a lot about it online.
It may be new in its popularity, but a lot of people are talking about it and what the future holds.
This is great news because if you want to know more about it it shouldn’t be too big a fight.
Cardano describes itself as a decentralized platform with its own digital assists (ADA – Cardano Crypto-Coin).
It has an open source blockchain and the ability to be fully open to the public and make everything it does transparent.
It got its name from Gerolamo Cardano, a 15th century polymath.
He is known for having a number of theories that we use today in things like algebra. He was very forward-looking for his time, and that’s why the currency is named after him.
The use of cryptocurrency
The general popularity of cryptocurrency is sure to increase, and as Bitcoin becomes more of a household name, more and more people are starting to pay attention.
This increase in knowledge has contributed to making cryptocurrency more accessible and user-friendly, and making it much more convenient for users to use it than ever before.
Several major brands and many smaller independent brands are now accepting cryptocurrency like Bitcoin as a means of payment for goods, and no doubt Cardano will soon be up there with accepted currencies.
The recent surge behind Cardano can be linked to the general surge in the popularity of digital currencies across the board.
However, the announcements regarding the added security of users and general features will certainly help.