- Cardano's price rose 30.9 percent this week, putting it seventh in terms of market value on Sunday night.
- Vitalik Buterin asked his Twitter followers which currency they preferred if 80% of all transactions and savings were not in ether in 2035.
Cardano surges over 24 hours
Cardano (ADA) has increased in value during the previous seven days, rising 9.5 percent versus the US dollar.
Cardano is a smart contract network like Ethereum, and it has surged in value by 336.5 percent in the past year. However, Cardano has recently been attacked for its lack of decentralized finance (defi) and non-fungible token (NFT) assets.
Defi protocols based on Cardano now have a total worth of nearly $3 million, according to defillama.com measurements. Cardano-based NFTs including Clay Mates, Yummi Universe, Spacebudz, Pavia, and Cardano Kidz are now entering the NFT arena.
Americans and Britons were excluded from the land sales by the end of 2021, according to the website. Land sale 1 sold 29,000 lots, while sale 2 sold 31,000 parcels. Also, in December, the project airdropped 25% of its PAVIA utility tokens to Cardano-crafted metaverse patrons.
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Gerolamo Cardano, a famous mathematician, was born in Pavia, Italy. “Pavia.io contains over 100,000 Land parcels, each with its own NFT and coordinates. Approximately 60% of the land parcels auctioned from October to November 2021 have been sold. The project's launch statement outlines a Q1 2022 final.
While the worldwide cryptocurrency market economy has plummeted 1.3 percent to $2.17 trillion in the previous 24 hours, ADA has managed to hold up.
ADA has a worldwide transaction volume of $3.3 billion and a market cap of $48.9 billion. While ADA has recently increased, it is still more than 50% below its ATH of $3.09 per unit on September 2, 2021.
On Thursday, Ethereum co-founder Vitalik Buterin polled the Ethereum community on Twitter. “In 2035, 80% of all global transactions and savings are in a non-ETH currency. Which do you prefer?” He tweeted.
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From BTC to USD, SOL, and ADA, Buterin invited his followers to pick their preferred crypto. The second tweet gives them TRON, BNB, CNY, or NEO. Overnight, the first poll received 600,697 votes and the second 358,743. First vote results: Cardano (ADA), Bitcoin (BTC), and Solana (SOL). Binance currency (BNB) and Tron (TRON) topped the second vote (NEO).
Buterin's initial survey excludes stablecoins. According to Bitcoin.com Markets, the biggest cryptocurrency has a market worth of $821 billion at the time of writing. To put it simply, Solana has a market value of $47 billion while Cardano has a market worth of $42 billion.
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Among Buterin's second poll is the Binance Coin, which has a market valuation of $83 billion. It is $7 billion for Tron and less than $2 billion for Neo.
People questioned Buterin's intentions for publishing such polls, the choice of cryptocurrencies he included, whether votes were generated by bots and the chance that 80% of transactions would be in one currency.
“Is Vitalik searching for a new job?” asked Tone Vays. Sam Bankman-Fried, CEO of FTX, said:
What a surprise!
Buterin's surveys only represent the popularity of specific cryptocurrencies among his followers and Twitter users, not the actual popularity of a cryptocurrency in the real world. But Bank of America thinks Solana will eat into Ethereum's market share.
