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Cardano soares by 25%

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A rising star of the cryptocurrency market, Cardano, has not stopped to amaze crypto enthusiasts even when the rally ended. In terms of growth, the digital asset successfully competes with the veterans of the crypto industry. In fact, it is in the top 5 cryptocurrencies by the largest market capitalization after Bitcoin and Ether. Cardano’s growth rate is indeed impressive — 2,000% in the last 12 months, with 300% in the last month alone and 25% in the last week of the previous month. Notably, the Goguen update announced by the developers only boosted Cardano. “Projects such as Cardano, Polkadot, and Ethereum are the foundation of the new Internet and Web 3.0. I’m willing to bet that each of Ethereum, Cardano, and Polkadot will be more valuable than Bitcoin within the next few years,” Prakash Chand, a cryptocurrency expert, said. Cardano is a decentralized third-generation proof-of-stake blockchain and smart contract platform. It is designed by the IOHK team of developers led by Charles Hoskinson, the former co-founder of BitShares, Ethereum, and Ethereum Classic. Around 70% of all tokens of the Cardano project (ADA) are staked, making it the world’s most decentralized blockchain.

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