• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, July 18, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

ADA becomes the 3rd largest crypto after recent gains

by Reshab Agarwal
August 24, 2021 - Updated On September 30, 2021
in Crypto, News, Trending
Reading Time: 2 mins read
0
Cardano
TwitterWhatsappLinkedin

ADA becomes the 3rd largest crypto achieving what was always meant to be. The cryptocurrency has a lot of features making it one of the best investments right now. At the same time, the arrival of smart contracts will make it even better and advanced. But do note that even after pumping and making all-time highs in the last few days, ADA’s market cap is still just at $90 billion which is less than 1/4th of Ethereum’s market cap at $390 billion.

You might also like

Zuckerberg, Meta Directors Settle $8 Billion Privacy Trial

Samsung Chairman Jay Y. Lee Cleared in 2015 Merger Case

Microsoft Salaries Revealed, AI Teams Earning More Than Ever Amid Strategic Shift

The recent rally

The price of ADA is already nearing $3 which is pretty high considering it was just at $1.2 nearly 3 weeks back. Cardano has pumped significantly as Bitcoin has recovered and the markets are bullish due to the arrival of smart contracts on the platform. Another important thing this rally shows is the sheer potential and market demand of the coin. Its because ADA is one of the few tokens that has made an all-time high after the crash. Even yesterday as markets pumped and Bitcoin crossed $50k for the first time in 3 months ADA resgitered double digit gains.

ADA’s smart contracts and future

ADA becomes the 3rd largest crypto

Smart contracts are going to be one of the primary features of the currency. It will allow users to lock in funds based on a contract and keep a decentralized bond online. For example two people Sarah and James could make a contract that Sarah will pay James $500 once he delivers the artwork Sarah has asked for. The idea is that the network will securely validate the transactions between the individuals involved in a contract.

Another major benefit of ADA that BTC doesn’t have and ETH won’t anytime soon is the proof of stake mechanism. It is much more efficient, environmental friendly and allows users to earn a lot of interst on top of the gains their tokens make. This is great for those who want to generate a passive income from their tokens. So, ADA’s price rise seems justifiable and I think it is still a great buy at this price. The token has a bright future and I am surely going to HODL my coins for the next 5 years at least.


What are your thoughts on ADA as it becomes the 3rd largest crypto? And do you think that it could cross ETH in the future? Let us know in the comments below. Also, if you found our content inforamtive do like and share it with your friends.

Also Read: TikTok has partnered up with a blockchain company

Tags: ADABTCHODL
Tweet54SendShare15
Previous Post

Aliens Fireteam Elite Release Date Revealed

Next Post

Clubhouse is making accounts from Afghanistan harder to find

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Zuckerberg, Meta Directors Settle $8 Billion Privacy Trial

by Anochie Esther
July 18, 2025
0
Zuckerberg

In a sudden twist that ended what could have been a landmark courtroom showdown, Meta Platforms CEO Mark Zuckerberg and several current and former directors reached a settlement...

Read more

Samsung Chairman Jay Y. Lee Cleared in 2015 Merger Case

by Anochie Esther
July 18, 2025
0
Lee

In a pivotal ruling that removes a significant legal overhang, South Korea’s Supreme Court on July 17 cleared Samsung Electronics Chairman Jay Y. Lee of all charges related...

Read more

Microsoft Salaries Revealed, AI Teams Earning More Than Ever Amid Strategic Shift

by Anochie Esther
July 18, 2025
0
Microsoft

Amid significant layoffs and an aggressive pivot to artificial intelligence, Microsoft finds itself under the spotlight once again this time not for job cuts or corporate strategy, but...

Read more
Next Post
Clubhouse Afghanistan

Clubhouse is making accounts from Afghanistan harder to find

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?