Cardano (CRYPTO:ADA) has now become one of the fastest-growing cryptocurrencies in the crypto world. In fact, Cardano is now ranked sixth in terms of largest cryptocurrencies by market capitalization.
Indeed, the fact that Cardano is up there with sought-after cryptocurrencies like Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) is a big deal. This digital currency, whose ticker symbol gets its name from English mathematician Ada Lovelace, aims to be more sustainable and scalable than its mega-cap crypto peers. Cardano has been quite successful in becoming a leading network for crypto enthusiasts of late.
This success has been reflected in an astronomical increase of 2,000% in ADA's value over the past year. Let's dive into why investors may want to continue to buy into Cardano at a $67 billion market cap.
Source Fool.com