Cardano (ADA) Surges to New Heights Amid Market Tumble

Cardano (ADA) Surges to New Heights Amid Market Tumble

Cardano managed to reach an all-time high despite the significant crash across other cryptocurrencies yesterday. The altcoin has been making headlines for a while now, and it appears that it will surge even higher.

ADA is Going Global

ADA crashed nearly ninety percent in early 2018, as regulatory crypto crackdowns began in a year’s prolonged bear market for the nascent industry. 

Nevertheless, the platform has taken measures to create its blockchain as the world’s dominant agent. Blockchain integrating into daily life is unavoidable, and Cardano has launched work in Africa that helps to expand the market and banking the unbanked. 

The Government of Ethiopia announced in 2019 that the blockchain would provide financial services to the African financial market. Nigel Green of DeVere named ADA a rising star in the booming crypto market compared to Ethereum and Bitcoin. 

Charles Hoskinson, who drafted the roadmap until 2025, planned the long-running growth of Cardano. Consequently, both the partners and the investors will benefit from the blockchain’s cautious approach to developing their ecosystems.

Extending Cardano’s User Base

Cardano marked its three-year adventure into Africa on 20 April at a special event. The platform’s approach to Africa extends beyond the mere use of the forum. Its “Africa Strategy” seeks to push ADA through the continent of digital natives with millions of digital wallets. Cardano will also incorporate the Save the Children’s payment gateway to enable ADA payments.

The mission of the platform is to solve the problem of the most disadvantaged in a global society is shown by its activities in Africa, where Ethiopia will be part of the its network with the full support of its node.

Cardano also intends to create a DAO that is entirely functional and catering to Spanish-speaking people via ALDEA in South America. In addition to a decentralized future, Cardano’s emphasis on blockchain technology focuses on the positive use of the Cardano solution now.

Tracking More Sustainable Cryptocurrencies

Jesse Cohen indicated that Elon Musk was looking for Bitcoin alternatives that use less than 1% of its energy per transaction in his Thursday morning email. Cardano’s ADA and Ripple’s XRP were listed as the two more environmentally friendly cryptocurrencies than bitcoin because of their less intensive mining and transaction networks.

ADA is the only crypto in the top 25 cryptocurrencies in the CoinMarketCap to be up today in terms of market capitalization. The price of the coin today stands at around $1.94.

One primary explanation for this is that many investors consider Cardano as among the most sustainable cryptocurrencies. It uses a consensus system for evidence of involvement, and the network’s founder notes it consumes only 6 GWh of power.

Wayne Jones

Wayne is an all-rounded cryptocurrency writer who has written for several publications in the fintech industry. Having graduated from the University of Essex Colchester, he developed a passion for blockchain technology and has been curious about how the blockchain can modify the traditional financial industry.