Logo
Cardano Ecosystem

Coinquora

03/20/2021

·

990 views


Cardano Is Now The Crypto Valley’s Second-Biggest Unicorn

Cardano is now the second-biggest crypto unicorn in Crypto Valley. With a valuation of only $869 million, Cardano did not make it last year. Cardano recently became a multi-asset chain with the launch of the Mary hard fork. In...

Cardano Is Now The Crypto Valley’s Second-Biggest Unicorn
  • Cardano is now the second-biggest crypto unicorn in Crypto Valley.
  • With a valuation of only $869 million, Cardano did not make it last year.
  • Cardano recently became a multi-asset chain with the launch of the Mary hard fork.

In a recent report, Cardano is now the second-biggest cryptocurrency unicorn in Crypto Valley. To take note that last year, it did not make it in Zug’s Crypto Valley because of its low valuation. It was only $869 million last year, but this year its current value is $40.6 billion. They now trail only Ethereum according to the report.

Right now, Switzerland’s Crypto Valley has 11 unicorns which 5 of them have just been recently added.

On another note, Cardano blockchain recently became a multi-asset chain with the launch of the Mary hard fork. This allows users to create tokens that run on Cardano natively. Enabling new tokens was one of the first big use cases that caught on for Ethereum, fueling 2017’s multi-billion-dollar initial coin offering splurge.

Meanwhile, Mary is one of two hard forks necessary to usher in the Goguen era for Cardano. That happening will allow them to integrate multiple decentralized services and solutions.

Moreover, the top 50 companies that are based in the world’s biggest crypto hub have a total value of more or less $255 billion. They also received $3.7 billion in funding from investors as of late February 2021.

Given these facts, Crypto Valley, which also includes Liechtenstein, has now 960 companies. They have increased their total number of employees to 5,180 despite the ongoing challenges of the global pandemic. Wherein, cryptocurrency brokerage, and custodian Bitcoin Suisse remain Crypto Valley’s top employer.

Recommended News

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Coinquora

ORIGINAL SOURCE

https://coinquora.com/cardano-is-now-the...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Coinquora

See more
Charles Hoskinson Shares a Prominent Project From Cardano: Plutus
Coinquora
Charles Hoskinson Shares a Prominent Project From Cardano: Plutus

07/26/2022

·

1.3K views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)