Cardano’s ADA cryptocurrency has taken a solid move, making Binance Coin (BNB) the third largest cryptocurrency in the world by market capitalization. At press time, Cardano’s ADA is 15% above its new all-time high of $ 1.41 with a market cap of $ 45.2 billion, according to data from CoinMarketCap.
In the past two days, ADA price has soared more than 40% to hit the new highs. The most recent price rally at ADA comes when the crypto exchange Coinbase announced that it will be supporting Cardano on its Coinbase Pro platform. The announcement made on Tuesday March 16 states:
“Starting today, Tuesday, March 16, transfer THERE IS Fund your Coinbase Pro account before trading. support for THERE IS will be available in all Coinbase supported countries. Trading begins on or after 9 a.m. Pacific Time (PT). Thursday March 18thif the liquidity conditions are met ”.
The Ethereum killer and competitor – ADA – has rallied over 15% in a row for the past two days. According to the CoinGape report, Cardano’s most recent breakout has hit a new all-time high of $ 1.6. So there is still some steam left in the rally.
Cardano’s meteor shower in the top three
Cardano rose pretty quickly to get into the top 3 crypto list. Three months ago in December 2020, Cardano’s ADA was quoted at just $ 0.14. Thus, the price has increased by a whopping 10x or 900% in less than 100 days.
Cardano founder Charles Hoskinson appeared in a recent interview with Bloomberg talking about the ADA price hike and Cardano’s growing popularity. In the interview, Hoskinson made bold claims that Cardano’s security and governance were superior to Ethereum’s. He also added that Cardano is suitable for real world applications like supply chain tracking and voting. Hosking added:
He was less interested in decentralized exchanges such as uniswap and collectors’ art such as digital cats. My goal is to lead countries on this blockchain. Uniswap and CryptoKitties and other things don’t interest me. It’s a bubble and it comes and goes, like pet rocks and beanie babies. “
In another explosive revelation, Hosking added that more than 100 companies “will try to switch from Ethereum to Cardano when its functionality is mature”.
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