Cardano (ADA) Coin Has Jumped 10X This Year: Still a Good Buy?

While the big boys like Bitcoin and Ethereum continue their rise up the charts in the middle of the latest crypto rally, there are many other digital assets which ought to be on the radars of investors at this point. One of those is Cardano (ADA).

It has been one of the biggest gainers this year so far and managed to deliver gains of as much as 1000%. In addition to that, the cryptocurrency has also managed to hit a market cap of as much as $67 billion. At this point in time, the ADA token is among the most valuable cryptocurrencies in the market and is at the sixth position in the ranking of cryptocurrencies with the highest market caps.

Cardano has a blockchain that has a different application altogether and is quite different from Bitcoin. It is not a store of value like Bitcoin but instead it allows developers to work on its network and create highly intricate decentralized applications. That has meant that the ADA token has also managed to become highly popular. ADA is the native token and due to its popularity, fees and payments are paid out in the token.