Cardano’s ADA Is Now the Third-Largest Cryptocurrency by Market Cap

Article summary

The native cryptocurrency of the Cardano blockchain, ADA , has broken to a fresh all-time high at $1.30 per coin. That’s good enough to become the third-largest cryptocurrency when measured by market capitalization at $39 billion. A competitor to the Ethereum blockchain, Cardano was launched in 2017 and is mainly backed by business venture Input Output Hong Kong (IOHK). The blockchain is the creation of Ethereum co-founder Charles Hoskinson, who is now CEO of IHOK. […] The cryptocurrency is up 645% in the past 90 days, according to Messari .

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