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- Cardano has been soaring where other crypto assets are plunging
- The proof-of-Stake nature of ADA has been known protecting the token from dips
- Following the interest of investors towards the green Cardano, it seems ADA will unsurprisingly achieve a new ATH
Cardano is showing minimal impact when the entire crypto market is plunging. The primary reasons for the crash are mainly the sudden affection towards climate by Elon Musk and Chinese regulations. CoinMarketCap suggests that Bitcoin has already plunged by more than 50% since its last all-time high. Not only the flagship token, but other altcoins like Ethereum, Binance Coin, Ripple, Dogecoin, and others have also been observed diving. However, only Cardano’s native token ADA has been found with a minimal impact.
Cardano is calm while others crash
With the Proof-of-Stake consensus algorithm, Cardano has been observed standing calmly in such a turbulent market. The performance of ADA has surprised many analysts in the crypto sphere. And the reason is Cardano has only been observed swimming fiercely against down-trending currents to cross an old all-time high mark. Hence, few analysts have claimed that with the current performance, Cardano’s total market capitalization will soon achieve the benchmark level of $100 billion.
Will ADA be able to achieve a $100 billion market cap?
The total market capitalization of Bitcoin is near $1 trillion. However, among the altcoins, the top five cryptos in terms of market capitalization are ETH, USDT, ADA, BNB, and DOGE as per CoinMarketCap. Except for Ethereum, all the altcoins above are battling in a race to achieve the $100 billion market cap. Indeed, all such altcoins have market caps under the range of $45 to $60 billion.
Observing the tokens deeply, USDT is already pegged to the US dollar calm with a slow and steady pace. On the other side, Binance Coin’s relevance is tied to its use on the native blockchain platform. And DOGE gets its oxygen from only Elon Musk. What’s left is only Cardano standing lofty and promising with its giant footstep.
Proof-of-Stake is protecting ADA
Cardano is the blockchain network based on the PoS consensus algorithm, which is considered eco-friendly. The algorithm brings new tokens into space by using voluntary donations from willing stakes and rewarding their contributions afterward. Indeed, as the recent crash has raised concerns regarding the impact of energy-intensive mining on the environment, ADA with PoS has positioned itself to receive new investors. And the fact is the main reason for Cardano’s current performance is that it is inversely proportional to others.
Hence, compiling the factoids as mentioned above, it seems no surprise that soon Cardano will cross the $100 billion mark in terms of market capitalization.
- Cardano has been soaring where other crypto assets are plunging
- The proof-of-Stake nature of ADA has been known protecting the token from dips
- Following the interest of investors towards the green Cardano, it seems ADA will unsurprisingly achieve a new ATH
Cardano is showing minimal impact when the entire crypto market is plunging. The primary reasons for the crash are mainly the sudden affection towards climate by Elon Musk and Chinese regulations. Following the data from the CoinMarketCap, we observed that Bitcoin has already plunged by more than 50% since its last all-time high. Not only the flagship token, but other altcoins like Ethereum, Binance Coin, Ripple, Dogecoin, and others have also been observed diving. However, only Cardano’s native token ADA has been found with a minimal impact.
Cardano is calm while others crash
With the Proof-of-Stake consensus algorithm, Cardano has been observed standing calmly in such a tempestuous market. The performance of ADA has surprised many analysts in the cryptosphere. And the reason is Cardano has only been observed swimming fiercely against down-trending currents to cross an old all-time high mark. Hence, few of the analysts have claimed that with the current performance, Cardano’s total market capitalization will soon achieve the benchmark level of $100 billion.
Will ADA be able to achieve a $100 billion market cap?
The total market capitalization of Bitcoin is near $1 trillion. However, among the altcoins, the top five cryptos in terms of market capitalization are ETH, USDT, ADA, BNB, and DOGE as per CoinMarketCap. Except for Ethereum, all the aforementioned altcoins are battling in a race to achieve the $100 billion market cap. Indeed, all such altcoins have market caps under the range of $45 to $60 billion.
Observing the tokens deeply, USDT is already pegged to the US dollar calm with a slow and steady pace. On the other side, Binance Coin’s relevance is tied to its use on the native blockchain platform. And DOGE gets its oxygen from only Elon Musk. What’s left is only Cardano standing lofty and promising with its giant footstep.
Proof-of-Stake is protecting ADA
Cardano is the blockchain network based on the PoS consensus algorithm, which is considered eco-friendly. The algorithm is what brings new tokens into space by using voluntary donations from willing stakes and rewarding their contributions afterward. Indeed, as the recent crash has raised concerns regarding the impact of energy-intensive mining on the environment, ADA with PoS has positioned itself to receive new investors. And the fact is the main reason for Cardano’s current performance is that it is inversely proportional to others.
Hence, compiling the aforementioned factoids, it seems no surprise that soon Cardano will cross the $100 billion mark in terms of market capitalization.
