Cardano has been making a lot of headlines for a while now due to the project’s massive achievements. Investors are flocking to the digital asset, and Capital.com addressed whether it’s a good idea to invest in ADA these days.
At the moment of writing this article, ADA is trading in the green, and the digital asset is priced at $1.13.
The online publication mentioned above notes that ADA’s price surges to a fresh ATH at the end of the past month. The coin managed to gain 720% since the start of 2021 as the crypto market has rallied across the board.
ADA vs. Ethereum (ETH)
ADA overtook other coins such as US dollar stablecoin Tether (USDT) and Binance Coin (BNB) to become the third largest by market cap, behind only Bitcoin (BTC) and Ethereum (ETH).
The online publication addresses the differences of ADA compared to other digital assets and whether or not the coin is a good investment for 2021.
Their online analysis addressed the fact that ADA is a great alternative to Ethereum and we suggest that you head over to the original article in order to learn what more they have to say.
The predictions about the price of ADA are getting more bullish every day.
Cardano in the news
Not too long ago, we were revealing that Cardano made headlines again with the latest reports that just popped up. Check out the announcement that the Cardano Foundation dropped on social media below.
For the 4th year running, #Cardano is named among @CV_Labs and @PwC’s Top 50 Projects in blockchain. This industry-recognized report also named Cardano as the second largest ‘unicorn’ Swiss blockchain project. Read our statement on the report here: https://t.co/tP0wQcB1vJ pic.twitter.com/H9yy5SJ9WW
— Cardano Foundation (@CardanoStiftung) March 4, 2021
The official notes say that the Cardano Foundation is “delighted to share that Cardano has once again 71 been featured as one of the Top 50 blockchain projects by Switzerland’s Crypto Valley VC (CV VC). The report 888, released on 4 March 2021, is an industry-recognized insight into the blockchain space.”