Cardano Celebrates 7-Year Anniversary as ADA Looks to Continue 16% Surge
One of the best-performing cryptocurrencies of the last week, Cardano, is officially celebrating its 7-year anniversary as ADA is looking to continue its 16% surge. That is right, CArdano, enjoyed its mainnet launch seven years ago as founder Charles Hoskinson celebrates how far the project has come.
Cardano has emerged as a strong crypto option in September. Amid a rather disappointing market, ADA has thrived. Moreover, this recent update has it prepared to compete with some of the market’s most prominent offerings. Hoskinson recently claimed that the blockchain is set to surpass the likes of Ethereum and Solana.
Also Read: Cardano: What’s ADA’s Price If Its Market Cap Hits $500 Billion?
Cardano Turns 7 as ADA Looks to Celebrate With a Surge to $0.6
The developer group of Ethereum is well known for creating one of the most dominant blockchains on the planet. The project’s success has pushed co-founder Vitalik Buterin to massive heights, becoming a leader in the industry. Yet, it also featured Charles Hoskinson, who would go on to create one of ETH’s greatest competitors.
In 2013, Hoskinson left Ethereum to set off on his own crypto journey. The result was Cardano, which celebrates its 7-year anniversary after officially launching in 2017, ADA has been a critical network ever since. On September 27th, Hoskinson wished the project a happy birthday, celebrating how far it had come.
Also Read: Cardano Founder Calls Ethereum a “Dictatorship”
The network and its token have certainly thrived in 2024. Over the last 30 days, ADA has increased almost 16% as of Friday, according to CoinMarketCap. Moreover, the last seven days have seen it increase as much as 15% to its current $0.40 price. That should not be where it stays.
A recent update has Hoskinson noting that the network should be able to compete with Ethereum and Solana. The technical developments have it poised for massive growth. Additionally, the crypto market is expected to thrive in October. ADA could be set to benefit greatly from that and continue its 16% increase over the last four weeks.