Cardano cap has doubled since February and reached $ 28B

by in Cryptocurrency News

Cardano

Altcoin Cardano (ADA) has secured the fourth line in the ranking of the largest cryptocurrencies. Last week alone, its value increased by more than 30%.

On Tuesday, February 16, the ADA rate rose to $ 0.875 (+ 1.65%). The capitalization of digital currency has doubled over the past two weeks, now it is close to $ 28 billion.

Cardano's price soared 137% in January.

A few days ago, the coin reached $ 0.9, but it could not hold on to the conquered positions and roll back.

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The Cardano project was founded by Charles Hoskinson. He has previously stated repeatedly that his ecosystem will expand, attracting new developers of decentralized services.

Hoskinson did not rule out that the Cardano blockchain could successfully compete with Ethereum, which is now the leading application deployment network (DApps).

The rapid rise in the ADA rate began this year. If in January the coin was holding around $ 0.35, then a month later it exceeded $ 0.9. The closest competitor to Cardano in the CoinMarketCap rating is the largest stablecoin Tether (USDT), whose capitalization now exceeds $ 32,225.