Cardano (ADA), cryptocurrency and blockchain with great ambitions

Even though the ADA suffers a decline, like other major cryptocurrencies, it remains very strong in March. And its founder, Charles Hoskinson, strives to maintain ambitions and interest.

The ADA’s market cap is down just over 2.5% in the past 24 hours. She is no exception, however. The decline indeed affects the main crypto of the Top 20.

But with a total valuation exceeding $ 31 billion, the native token of the Cardano blockchain is now in the Top 5. The ADA even offered itself the luxury of a 3^e place, long monopolized by Ripple’s XRP.

3600% increase for ADA in one year

Importantly, like some other crypto-assets, the ADA is experiencing explosive year-over-year growth: over 3,600% with an all-time high at around $ 1.30. On March 22, the token traded under one euro on Kraken.

But a few days earlier, on March 18, its price exceeded 1.22 euros on the exchange. Several factors give investors hope for a resumption of growth, even if the competition is stiff.

Last week, the ADA notably debuted on Coinbase Pro. Since March 18, the service has been supporting the Cardano blockchain token. And these early days of trading should benefit the booming crypto value.

The token is also also listed on the Bloomberg Terminal, which gives it additional visibility with investors. And this interest is already there, at least in the United States, as evidenced by a survey by the broker Voyager Digital.

Asked about their sentiment towards the various crypto markets, US retail investors place Cardano in the lead, ahead of Bitcoin. 31.8% of them describe themselves as ” the most optimistic On Cardano, compared to 22.2% for Bitcoin.

Businesses land on Cardano

And Ethereum, the 2^e crypto market in market capitalization? It stood at 12.2%. Cardano’s rival blockchain is going through a complex period, due in part to its technical migration. And this generates some friction between developers and miners.

An opportunity for Cardano? At least that is the sentiment of its founder, also an ex of the Ethereum project. Charles Hoskinson assures us that many companies are preparing to join his network, leaving Ethereum behind.

So, ” more than 100 companies Are on the way to adopting blockchain as an alternative to Ethereum, he said a week earlier. The announcement arouses some skepticism, however. Statements cannot be sufficient to claim to threaten the foundations of DeFi.

One thing is certain, however: the founder of Cardano is not lacking in ambition. ” My goal is to make countries work on this blockchain », He proclaims. Uniswap and CryptoKitties? Accessories.

” It’s a bubble, and it comes and goes, like Pet Rocks and Beanie Babies. You can take your DeFi and run it on my system for 1/100 to 1/1000 the cost », Claims Charles Hoskinson.

But to convince, and at the same time harness the value of the ADA, Cardano will need hard evidence. As ? Official expressions of interest from leading apps or companies, for example. How about a tweet from Elon Musk?