27 Jul 2018 Anthony Lehrman
Cardano on the Way to a Top 5 Ranking
Soon after its release, Cardano (ADA) shook the cryptocurrency market at the beginning of 2018 with a $33 billion market cap. The coin’s price remained stable and high during the May bloom, attracting excellent levels of attention from investors.
Similar to other currencies, changes in the market affected Cardano’s performance, marking a price drop. despite its low price, Cardano’s popularity managed to keep the interested investors throughout the year, thanks to the stable position and good control of the network’s assets.
Continuous developments, good market performance and growing popularity, lead ADA on the way to a top position and shows it’s not a risky coin. According to CoinMarketCap’s list, currently, Cardano holds 8th position with a coin price of $0.172924 and nearly $4.5 billion market cap. Looking at the recent market da, ADA is making slow and steady progress.
ADA’s mission to place itself within the top 5 currencies is possible thanks to the strong team behind the project. Led by Charles Hoskinson, co-founder of Ethereum, the team invested a significant amount of time and human resource in planning and designing the technology behind the coin.
Hoskinson, who has a proven record of turning plans into reality, keeps on aiming high. Recently, he stated that the crypto world is likely to attract trillions of dollars from Wall Street and that ADA will be the first trillion-dollar-coin, proving its self-sustainability, as well as its role as a driving force of innovation in the digital finance industry.
With the pioneering and reliable solutions provided by the technology behind Cardano, the crypto world anticipates to hear more news from its team in the near future - it has a high potential and a lot to offer.