While talking about cryptocurrency, most people are not aware that there are multiple kinds of cryptocurrency. Yes, there are multiple virtual currencies such as Bitcoin, Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Cardano and more. While most of them are quite popular in the market, some are still gaining their market share. That is the reason why many investors often wonder about how many Cardano coins are there in the world. If you find yourself thinking the same, then do not worry, here is all you need to know about it.
How many Cardano coins are there in the world?
The Cardano market is growing eventfully, and many investors have started investing on the platform. However, according to Coin Market Cap, there is a maximum supply of 45 billion ADA with a circulation of about 31 billion. The proof-of-stake blockchain platform was created to bring a positive global change by helping to create a secure, transparent and fair society.
As per Investopedia’s report, the Cardano platform was created with a research-based approach by engineers, mathematicians, and cryptography experts. The co-founder of the virtual currency project, Charles Hoskinson, was one of the five initial founding members of the popular crypto, Ethereum. But, due to some disagreements with his partners, he decided to part ways and later help in creating Cardano. As per the official website of Cardano, the blockchain came into existence after doing a thorough peer review research and experimentation.
Cardano, due to its strong background in market research, stands out among other proof-of-stake virtual currencies. According to Investopedia, the currency dubbed as an “Ethereum killer” because of its reportedly stronger blockchain, though the project is still in its early stages. As mentioned by Coin Market Cap, Cardano has a market capitalization of $9.8 billion and one ADA trades for $0.31, as per January 2021 data. Nevertheless, similar to Ethereum, Cardano is a smart contract platform however, it offers scalability and security through a layered architecture. The crypto comes with a mission in which it wants to solve three elements, they are; scalability, interoperability and sustainability. Many investors believe Cardano’s scarcity can lead to an increase in its value and demand over the years.