Cardano is a blockchain platform built on the groundbreaking Ouroboros proof-of-stake consensus protocol, also, a programmable transfer of value in a secure and scalable fashion. Similarly compared to Ethereum, Cardano is a smart contract platform. They emphasize security more than ever to deliver a secure, sustainable, and reliable way of transacting in the blockchain. In addition, finding a balance as well between regulators and the end-users.
CARDANO MAKES WAY AS ONE OF THE TOP 10 CRYPTOCURRENCIES
Base on Coingecko Cardano (ADA) prove itself that this one is an absolutely performing coin ranking its way into the top 6. Having to wager $10,697,409,269 market cap in total. Cardano's nature is in the payment system, it runs 24 hours and no downtime and purely transacted online. This coin is being built in Haskell programming language.
CARDANO'S PRICE ACTION IN THE LAST 3 YEARS
Cardano launching rolled out in September 2017 and from there on, this asset has been impressively performing in the market. Though it first peaked for more than a dollar per token, there are factors affecting its decline. However, there are still so many projects being laid for much improved Cardano especially in the Defi Market. The price of 1 Cardano as of this writing rallied around $0.30-$0.30 in the last 7 days and has been up for 11.1% in the last 14 days.
Integrating decentralized finance on Cardano can have a huge impact and expected to pump up to $10 per coin at the end of 2021.
CARDANO ON DEFI PROJECTS
Significantly Cardano has been giving exceeds expectations especially to its very low costs fees, security, and reliability. The focus is to integrate Cardano into Defi Market due to its flexibility. Other protocols have been struggling due to high gas fees, and some other users are reporting excessive rates to process a single transaction.
Token and smart contract innovation of Cardano, a wise way to remove the need for smart contracts to deploy tokens, as this consumes a large burden of gas costs. Instead, generating a custom code for each transaction seeing less human error compared to those are in the smart contract.