Cardano’s 24% Gain in 4 Days Could Lead to More Growth as Weiss Ratings Tributes Shelley Updates
The cryptocurrency industry is a little over ten years old, and it is yet to stop developing entirely. Today, almost everyone in every corner of this burgeoning world seems to be singing one tune: increased crypto adoption.
But amid the chorus, nearly every coin is doing its best to appeal to as many crypto enthusiasts as possible.
One cryptocurrency project which seemingly has distanced itself from the rest and instead chose to grow its market base is Cardano. In fact, so “hot” is this decentralized public Blockchain and cryptocurrency project that it registered an incredible 24% growth in just four days!
According to Weiss Ratings which essentially released this data, such quick growth is attributed to the coin’s Shelley core update as well as its Coinbase’s listing. In a tweet, the rating agency said that the widespread buying sentiment of ADA could probably be the sign of significant progress since 2017.
Cardano’s Shelley core update has been slated for June 15 and the planet’s 11th largest cryptocurrency in market cap, the update is huge. Basically, they aim to use it and solidify their quest to grow blockchain-driven decentralization further.
The sudden growth was also evidenced by its rise in popularity on Twitter. Weiss Ratings did a poll, asking the vast crypto community to choose their favorite coins from XRP, ADA, TRX and a host of other altcoins.
The mini-poll, however, opened a surprising Pandora box, giving the most authentic image of the coins with the highest potential for growth.
It should be remembered that all that Weiss Ratings releases make lots of sense. It recently made another massive revelation when it stated that Bitcoin was still the most popular crypto, followed by Ethereum and Monero. This was obtained after following a Reddit discussion for three years.