Cardano, a coin that was engineered by a global team of scientists and academics who have studied the blockchain technology, has been on the list of top 15 cryptocurrencies ranked by market capitalization for quite a long time, but it has moved as up as to the 6th position just some time ago, having risen almost 330% in price during past 7 days.
List of top cryptocurrencies ranked by market capitalization
The price of Cardano remained relatively stable until December 14 when Cardano technical Report was published on the official website of the currency. Cardano increased from $0,13 to $0,23 within one day and the its market capitalization rose from $3,5 billion to $6 billion.
The major updates listed in the report included:
- Further work on the Monad stack proposal and the upcoming new approach
- Finishing work on the initial version of the block processing technical documentation
- The preparation of the exception handling refactoring proposal
- Finish of reporting mechanism review
- Start of the work on the code diagram for CSL
- A release of
masteron the dev cluster
- A mainnet update (v1.0.3)
Thanks for the tweet!I was wondering why it took hours. I love that you guys are so transparent with your user!! ADA is going to be huge in the 2018!
— MetalGearMk3[BTC/LTC/ADA] (@SonKim256) 15 December 2017
Apart from that, many users have been facing problems with money withdrawals from Bittrex exchange, and Cardano team has stated that they were actively working on solving the issue and speeding up the withdrawal process, which has lead to real actual improvements which left the users delighted.
On December 16, the total market capitalization of Cardano surpassed the point of $10 billion for the first time. However, despite all the successful events leading to Cardano price increase, many members of the community remain sceptical about the rise of the coin price as well as about its future development.
Reddit.com users' comments towards Cardano cryptocurrency
At the moment of press, these are main market parameters of Cardano:
- Average price: $0,48
- Marketcap: $12 622 931 343
- 24h volume: $415 557 000