The growth of Cardano has increased since the beginning of this year. However, the digital currency slowed significantly in the third quarter of this year. Cardano (ADA) is among the top ten digital currencies in the market.
However, the recent trend in digital currency prices is not really impressive. Cardano could even fall from the market capitalization list of the world’s most important digital currencies.
Although Cardano’s price action slowed, the Blockchain project refused to develop. Cardano has seen many developments lately and its investors expect these developments to be reflected in price spikes.
The Cardano team is seeking greater acceptance
The Cardano team focuses on the takeover of the play. They have turned away from developing the platform to draw attention to the Blockchain project. Cardano has become one of the most popular digital currencies in the market. An increase in its acceptance will certainly serve as a catalyst to increase its value.
In order to increase its market presence, the team has opened the platform for the development of Dapps. Developers of distributed third-party applications can now build applications on the platform.
Cardano (ADA) is aimed at smartphone users with the Yoroi Wallet
In August, the IOHK team targeted smartphone users with a new portfolio. The portfolio for smartphone users is Yoroi. The portfolio will be very successful, especially in Asia. Asia is known to have one of the highest smartphone and Internet penetration rates in the world. The portfolio is quick and easy to download and install, and works just like your regular Chrome extension.
Cardano currently ranks 9th in the list of the world’s leading digital currencies by market capitalization. The digital currency currently has a market capitalization of $ 2.10 billion with a trading volume of $ 23.87 million. However, the value of the coin has fallen by about 2.5% in the last 24 hours, which was $ 0.08088 at the time of writing.
With the recent developments around the digital currency, the value of the coin could reach new heights even before the introduction of its mainnet.