![]() Users can stake their ATOM-USD to earn rewards, just like depositing cash into a bank account to earn interest over time. It aims to create an entire ecosystem of interconnected blockchains that freely share data and tokens across the blockchains in the Cosmos ecosystem.ĪTOM-USD is the native token powering the network. The platform provides developers with open-source tools to create their own interoperable blockchains. Launched in 2014, Cosmos is a decentralized network that allows blockchains to connect with each other. Its market capitalization of $39 billion positions Cardano as the seventh-largest coin in the crypto market. Currently off the highs, it trades at $1.22, still up more than 300% over the past year. ![]() The altcoin reached an all-time high (ATH) of $3.10 in early September. As a result, Cardano says the platform has become more efficient, scalable and secure.ĪDA-USD started 2021 at $0.18. In September, the protocol launched its Alonzo hard fork upgrade, adding smart contract functionality to its blockchain. It is used for rewards, transactions, and participation in network governance. The cryptocurrency likewise strives to become the ultimate blockchain platform for smart contracts and decentralized finance (DeFi) apps.Ĭardano is well-known as the only peer-reviewed blockchain platform in the industry and ADA-USD is the native currency powering the Cardano platform. Like Avalanche, it also competes with Ethereum and other dApp platforms. Launched in 2017, Cardano is one of the third-generation blockchains. ![]() With that information, here is our list of seven cryptos that could gain further traction in the months ahead:Īs always, investors should be careful when investing in cryptocurrency, as the sector as a whole is prone to volatility. Finally, the growth of decentralized finance (DeFi) platforms have also contributed to the increase in the number of cryptos. In addition, both individuals and prominent brands, such as Kellogg (NYSE: K), Starbucks (NASDAQ: SBUX) Yum! Brands (NYSE: YUM), have been embracing non-fungible tokens (NFTs). Most digital assets have been growing primarily due to their increasing mainstream adoption and innovation. He is credited with the interest behind meme coins like Dogecoin (CCC: DOGE-USD) and Shiba Inu (CCC: SHIB-USD). For instance, many crypto enthusiasts pay attention to tweets by Elon Musk, CEO of Tesla (NASDAQ: TSLA), who uses the Twitter (NYSE: TWTR) platform regularly. In fact, quite a few are meme coins that have come to prominence in recent months. Understandably, not all these digital assets have real-life utility. ![]() Meanwhile, the number of cryptos now stands close to 8,000. Regular readers would know that Bitcoin(CCC: BTC-USD) and Ethereum (CCC: ETH-USD) are two largest digital assets with respective market caps of about $807 billion and $385 billion. But the recent bloodbath on the Street has since knocked the total market capitalization (cap) down to around $2 trillion. At one point in November, the industry’s market value exceeded $3 trillion. In 2021 cryptos stood out for their remarkable performance. ![]()
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