- Cardano officially makes it to the Grayscale Digital Large Cap Fund.
- Altcoin ADA now ranks number 4 on Grayscale’s top 10 crypto assets list.
- The price of ADA is set to hit much higher highs soon.
Altcoins continue to build bullish momentum and increase pump expectations for altseason peak phase arrival. One of the most bullish altcoins this bull cycle is Cardano (ADA). To highlight, Cardano makes it to the Grayscale Digital Large Cap Fund, and is now officially ranked number 4 in Grayscale ’s top 10 crypto assets by 1-week gains. This is a monumental milestone for Cardano.
Cardano Added to the Grayscale Digital Large Cap Fund
Charles Hoskinson, the Founder of Cardano, once worked in the core Ethereum foundation team. Soon after Ethereum was launched, Hoskinson, along with others, stepped away to pursue their own vision for the web3 world. In particular, Hoskinson was on a quest to build a truly decentralized blockchain, and with it an ecosystem that could evolve to accommodate the growing demands of every new year.
Hoskinson visionary outlook would take much longer than the market expected to reach its goal. However, it is this slow and steady, peer-reviewed, and research-heavy development approach that is now setting Cardano up to be the most bullish blockchain this bull cycle. After years of steady building, ADA holders are eager to see the fruits of their long-term consolidation and see ADA hit new ATH prices soon.
Last bull cycle, the price of ADA hit a new ATH in the $3 price range. During that time, Cardano was a limited blockchain that had yet to feature smart contracts. Since then, the Cardano network has evolved to show its capability to do and deliver much more. Now, Cardano is preparing to launch its latest Leios Upgrade, which is set to bring Solana-style speed to Cardano, making it the most formidable and the only truly decentralized blockchain in the industry.
This incredible prowess has caught the attention of many financial entities, and ADA holders are eager to see the native token of Cardano get more recognition. In turn, a Cardano Spot ETF is nearing approval for launch. The most recent bullish news for Cardano is that Cardano has officially made it onto the Grayscale Digital Large Cap Fund, as we can see from the post above.
ADA Ranked Number 4 in Grayscale’s Top 10 Crypto Assets List
Since Cardano has officially been added to the Grayscale Digital Large Cap Fund, the altcoin is also now ranked number 4 in Grayscale’s top 10 crypto assets by 1-week gains. According to CoinMarketCap analytics, the price of ADA is currently at $0.84, boasting a total market cap of $29,826,187,814.45 and a 24-hour trading volume of $1,420,251,354.75. The altcoin is now over 72% away from its previous ATH price of $3.10.
