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-0.17%

Ethereum
ETH$1 254.57

-1.43%

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There are now 6710 Cardano millionaires following latest ADA surge


19 May 2021

#Cardano

The number of Cardano millionaires has gone up 1,2341.34% this year, according to Coin Metrics data. Cardano has rewarded its investors with significant gains this year, with a growing number of holders joining the coveted millionaires’ club following the latest ADA price surge.

Since the start of the year, the number of millionaire investors in ADA has increased more than 13-fold to 6,710 as of May 17, according to United Kingdom-based news agency Finbold. Using data from Coin Metrics, the agency determined that there were just 504 ADA addresses worth at least $1 million on Jan. 1.

The number of active ADA addresses also grew by 417.81% between Jan. 1 and April 28. ADA’s value has skyrocketed nearly 1,040% since the start of the year, up from $0.18 to $2.08 at the time of publication. The cryptocurrency peaked closer to $2.40 earlier in the week, setting multiple record highs in the process. As Cointelegraph recently reported, ADA has entered a new price discovery phase, which means further upside could be in store over the short term. The cryptocurrency now has a market capitalization of $66.1 billion, placing it in the fourth position among active projects. ADA has overtaken Dogecoin (DOGE), Tether (USDT) and XRP amid the latest rally.

Perhaps equally as important is the fact that ADA appears to be bucking the current crypto market downtrend. Over the past seven days, ADA has appreciated by 19%. By comparison, Bitcoin (BTC) has declined 22.6%, and Ether (ETH) is down 15.2%.

In addition to having one of the most dedicated cryptocurrency communities in the industry, Cardano is also benefiting from positive news from Input Out Hong Kong, or IOHK. The smart contract platform’s development arm recently explained that its forthcoming Alonzo upgrade is being gradually deployed to the mainnet in May and June. IOHK also recently partnered with the Ethiopian government to revamp the African nation’s education system. Under the partnership, IOHK will deploy its blockchain solutions across the country, with up to 5 million students potentially benefiting from the program.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76.4% 45 $16 944.21 -0.17% 2.42% $325 736 924 893 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.6% 50 $1 254.57 -1.43% 3.44% $153 527 150 828 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000139 0.01% 0.06% $65 505 304 169 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 70% 55 $288.80 -0.84% -7.63% $46 199 434 916 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999985 -0.01% -0.02% $43 335 041 218 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000060 -0.04% 0.03% $22 153 508 283 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 76.4% 44 $0.388646 -1.37% -3.85% $19 533 505 869 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 79 $0.102717 1.39% -0.50% $13 627 483 949 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 66.8% 68 $0.319285 -1.43% 0.77% $10 999 202 382 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 64.4% 69 $0.909708 -1.60% 6.22% $7 945 674 649 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 71.2% 56 $5.52 -1.05% 2.48% $6 303 019 314 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 93.2% 1 $0.999449 -0.07% -0.05% $5 684 309 423 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 60.8% 77 $76.05 -1.02% -1.30% $5 457 208 638 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 71.6% 50 $0.053415 -1.25% 0.17% $5 431 033 047 WTRX 7 days price change

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