top of page

Cardano: Energy-Efficient ADA-USD Could Become Even Hotter in the Summer

Updated: Jun 27, 2021

Investors in Cardano (CCC:ADA-USD) have had a great year so far in 2021. Despite the recent decline in most digital currencies, year-to-date (YTD), ADA-USD, is up over 740%. Put another way, the proverbial $1,000 invested in the crypto would now be worth around $8,400.

The altcoin’s 52-week range range has been 76.1 cents – $2.4618. At the recent price of $1.33, ADA sports a market capitalization (cap) of $42.6 billion, ranking it among the top five cryptos in the market.

By comparison, Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD), the two largest cryptocurrencies, have appreciate 34% and 236%, respectively YTD. Their market caps are about $636.3 billion and $241.9 billion.

As ADA-USD is listed on prominent crypto exchanges, it enjoys significant liquidity and trading volume. Aside from Coinbase Global (NASDAQ:COIN), the digital coin is also heavily...

This article was first published on

Continue reading on Investor Place.

Written by Investor Place.

bottom of page