This past week have been a busy week for the Cryptocurrency market.

Bitcoin have dropped to $42,000 due to the market crash followed by Ethereum's $3,200. Shiba Inu, the recent meme hype coin have dropped more than double it's price in just a week. I've also wrote a post about the reasons of it. While the all of this chaos is going on in the crypto market one major coin which continued to rise and hit it's All time high is Cardano (ADA).

As of writing this One ADA coin is currently worth $2.13. When the market crash started due to Elon's Tweet ADA coin was priced at around $1.70 and throughout the whole market crash which is still ongoing this monster have continued to rise to it's All time high of $2.45 just a day ago according to the data provided by Coingecko. It's market capitalization is currently $70.3 billion and ranked at #4 at Coingecko. Don't take the rank too seriously as sometimes the rank is flipped by  Dogecoin.  

What is Cardano (ADA)?

According to Wikipedia Cardano is a public blockchain platform. It is open source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency Ada. ADA is the native token of Cardano.

According to it's official website "Cardano is the nexus of five principles: People, purpose, technology, research, and opportunity".

Founded in 2015 by Ethereum's co-founder Charles Hoskinson, the development of this project is supervised by the Cardano Foundation based in Zug, Switzerland. 

Why is ADA Rising?

While the whole market is bloody red due to the crash, Cardano have continued to rise and why is that so? It is due to it's sustainability, consuming just 6 GWh of power. The rise of power consumption for mining and sending Bitcoin is why Tesla removed Bitcoin from it's payment lineup. Due to it's very less power usage we can also call ADA the so called "Greener Cryptocurrency". One more Cryptocoin which uses very less energy is Stellar Lumens (XLM). This one is one of my personal favourites as well, despite the current market situation it haven't show signs of stopping either and could very soon reach the mark of $1.

The Chart provided above by Coingecko shows ADA coin's price in the past 30 days, I've marked the date for the market crash and as you can see there is a huge surge in it's price.

In comparison to Bitcoin, ADA's energy consumption is only 6 Gigawatt Per hour while BTC consumes to be around 700 kilowatt-hours, or KWh, per transaction. Another fun fact is Dogecoin is estimated to only used around 0.12 KWh per transaction, It is one of the reason why Tesla is looking to use Dogecoin as one of their payment methods.

Should You invest in ADA?

This is not a financial advice and always conduct your own research before taking any action.

ADA coin have a lot of potential and by a lot i mean a lot. Although ADA is a long term investment if you're looking for quick gains this coin is not the best choice. Currently it's priced at $2.13 dropping from it's ATH $2.45. ADA is certainly one of the most safest investment in Cryptocurrency. It is a low price coin unlike BTC or ETH. If i had good amount of money there's no way i'm not putting some in ADA coin. Investing in it is your own choice but i can see ADA coin reaching $4-5 by the end of 2021. This is totally my opinion. This coin is already one of the most popular cryptocurrency out there and will probably increase more. ADA's 24 hour trading volume is $12 Billion more than Binance coin (BNB) and Dogecoin considering the hype of Dogecoin and BNB's price. 

How to buy ADA?

It is already listed on the most major exchanges such as Crypto.com, Coinbase, Binance, to name a few. 

In short the reason for ADA's rising is the mostly due to it's less energy consumption and more people discovering about it.

Thank you for Reading till here! I really appreciate it.