Cardano (ADA) in the top 3 largest cryptocurrencies
Cardano ADA cryptocurrency one of the 3 with the largest capitalization in the world!
For several days, the smiles from the face of the creators, developers, fans and investors of the Cardano (ADA) cryptocurrency have not disappeared. All thanks to the dynamic increase in the price and thus the total market value of this project (capitalization). At the time of writing this article, it amounts to almost $ 39 billion, which is an unimaginably astronomical amount. The price exceeded the historical highs of $ 1. Today, the price of Cardano (ADA) is around $ 1.2 apiece.
Will the increases in Cardano’s value last and for how long?
The situation on the cryptocurrency market began to cool down in the last hours and days. All thanks to the strong drops in the prices of the first cryptocurrency, i.e. Bitcoin. Many investors began to ask themselves whether this is the end of the boom on cryptocurrencies or is it just a correction, followed by a strong rebound or a calming down, and then stable increases? It’s hard to judge. However, it is interesting that the price of Cardano ADA continued to rise despite the declines in Bitcoin and Etherum. Or maybe it is the main beneficiary of these inheritances? What do you think? It is worth noting that a few days ago, one of the large cryptocurrency investment funds (FD7 Ventures) announced that it would sell its bitcoins worth around $ 750 million and invest the cryptocurrencies Polkadot and Cardano.