Since 2015 again the Cardano project and the ADA token have gained the attention of the crypto community. It was developed by Hong Kong Input Output technology firm (IOHK) founded by Charles Hoskinson.
It is a third-generation Proof-of-Stake (PoS) blockchain project and offers scalability solutions found in first- and second-generation blockchains such as Ethereum and Bitcoin.
Interestingly about Cardano he has a loyal community and supporters of the project. Even in the middle of the crypto ‘rally’ season, the ADA price movement did not show a significant spike.
Yet lately at a time when the crypto market is sinking into the red ocean, ADA crypto has shown a significant improvement. This makes Cardano has increased at least 13-fold in 2021 alone.
According to data from crypto spy platform CoinMetrics, wallets holding ADAs with a value of at least $ 1 million increased by 1,231 percent from 504 to 6,710 between Jan. 1 and May 17, 2021.
At the same time, following a surge in excess of 1000%, it has spawned many millionaires after the ADA price touched an all -time high of $ 2.4 on May 16th. At the same time, global interest in Cardano news peaked recently on Google Trends.
Further, between January 1 and April 28, 2021, the number of ADA active addresses increased by 417.81%, while the number of transactions increased by 382.84%.
In addition, IOHK recently worked with the Ethiopian government to reform the African country’s education system. This allows 5 million students to potentially benefit from this initiative.
Cardano, on the other hand, recently achieved 100% decentralization in blockchain output, which will make the network more attractive to investors.
