- Cardano (ADA) market capitalization is $50.42 billion.
- ADA exceeds Coinbase and Roblox in publicly traded assets.
- Telecom giant, Vodafone surpasses ADA by $900M
As per the Market cap on June 15th, Cardano (ADA) reached a significant value of $50.42 billion exceeding other traded assets. It beats Coinbase (COIN) with $49.43 billion and Roblox, online gaming firm with a market cap of $49.05 billion. However, ADA market cap remains behind the telecom giant Vodafone with a difference of $900M.
Moreover, Cardano (ADA) surpasses all other traded assets due to its recent popularity rises in the market. Cardano’s market capitalization doubled from $15 billion to $28 billion in the last two weeks. This hype in Cardano’s price helped it to surpass the other traditional assets.
According to CoinMarketCap, ADA currently ranks #5. ADA’s previous crypto bull run activities and current ongoing development projects made it reach this high position. Adding to this, ADA surged by over 750%, being bullish throughout the year. Additionally, this growth is achieved due to various millionaire investors.
Cardano (ADA)’s Innovative Developments
Cardano network experienced an increased adoption with real-world use cases providing more exposure to ADA. It initiated some enhancement projects to attract more users and investors. Also it gained a CardWallet which passed the Occelerator incubator program. This helped users to exchange instantly across various blockchain platforms.
Besides, Cardano signed a partnership with Ethiopian government to provide its blockchain platform to support the education system. It helps the government to track the students’ academic performances and activities.
More so, Cardano has involved into an effective research to present a “Stablefees” tool to provide fair transactions for the users. Cardano stated,
“The pricing mechanism is continuously stabilized to a reasonable default value. Users perform price discovery in one direction only to accelerate processing if required.”
Therefore, with all these innovations and unique features, Cardano paves way for higher positions. This continuous growth helps Cardano (ADA) to achieve great impulse in the crypto market.
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