Cardano’s recent growth
Cardano’s network is expected to dominate the ranks of capitalization deployed, and the platform is expected to outperform its close competitor Polkadot as well. According to StakingRewards’ reports, Cardano is the leading blockchain platform in terms of around $ 26.4 billion in stake. With a huge market cap of $ 36.6 billion and 73% of the ADA in circulation, Cardano is a staker who appears to have hit the jackpot of luck in the ever-fluctuating crypto asset market.
Cardano outperforms Polkadot as a stakeout platform
Although both Polkadot and Cardano dominate the stakes sector, accounting for nearly 7.9% of cryptocurrency assets of $ 620.6 billion, Cardano appears to have significantly outperformed Polkadot by nearly $ 3 billion or more. In fact, Cardano users staked $ 28.95 billion while Polkadot users staked $ 25.43 billion. Since the Shelley phase in July 2020, the number of active pools in Cardano has grown rapidly over time from just 700 to a whopping 2300, which has resulted in an outstanding overshoot of the stakeout platform.
Wagering is a wonderful and safe way to make stable income compared to DeFi liquidity provision and crypto trading. While the latter is highly uncertain, the former causes inconsistent but heavy losses every time the price of the tokens changes.
What is the future of Cardano and will it continue to grow?
Cardano’s future looks better than ever, as evidenced by reports from StakingRewards, which show the platform’s stakers are receiving an annual reward of 7.22%. Economists around the world expect Cardano’s growth to come in the form of a steep spike, as evidenced by the nearly 2000% increase in NFT sales in 2021. There was even a large sale of individual NFTs at leading auctions, accumulating billions of dollars. NFT’s mountainous sales volume has had a positive impact on ADA’s price, and the growth trajectory will continue over the coming years, according to Cardano’s latest price predictions.
What does Hoskinson think of crypto regulation?
Charles Hoskinson, CEO of Input-Output Global and inventor of Cardano, believes that the cryptocurrency market should now be subject to a legal framework. Such a framework is designed to help prevent Ponzi trading and make the market safer for everyone. Hoskinson is certain that the legal framework must be approved by the nation’s House of Representatives.