Charlie Bilello, the founder and CEO of Compound Capital Advisors, has some hours ago shared the returns over last year of the top 10 cryptocurrencies, including the United States national currency, US Dollar, and the precious metal, Gold.
According to the list shared by Bilello, Cardano (ADA), the 6th largest cryptocurrency by market capitalization, outperformed every other top 10 digital currencies in the market.
Cardano (ADA) is the Best Performer over the Last Year
According to the one-year return list of cryptocurrencies shared by Charlie Bilello, the only digital token that came close to Cardano (ADA) in the last year in terms of price performance is Binance Coin (BNB) with +3,058% returns.
On the other hand, Bitcoin (BTC), the largest cryptocurrency by market cap, only managed to return over +728% in the last year, while the world’s most glorified fiat currency, US Dollar lost relatively 8% of its value over the last one year.
Charlie Bilello tweeted, “Returns over last year… Cardano ADA: +3,290% Binance Coin BNB: +3,058% Polkadot DOT: +1,353% Ethereum ETH: +1,171% Uniswap $UNI: +953% Chainlink LINK: +875% Bitcoin BTC: +728% XRP XRP: +532% Litecoin LTC: +406% Bitcoin Cash $BCH: +161% Gold: +3% US Dollar Index USD: -8%.”
Returns over last year…
Cardano $ADA: +3,290%
BinanceCoin $BNB: +3,058%
Polkadot $DOT: +1,353%
Ethereum $ETH: +1,171%
Uniswap $UNI: +953%
Chainlink $LINK: +875%
Bitcoin $BTC: +728%
XRP $XRP: +532%
Litecoin $LTC: +406%
Bitcoin Cash $BCH: +161%
US Dollar Index $USD: -8%
— Charlie Bilello (@charliebilello) April 10, 2021
Alonzo Protocol Upgrade Will Add Support for Smart Contracts
The price of the digital token ADA has leveraged the successive developments around the emerging smart contract platform, Cardano, to perform excellently. Some crypto analysts are still optimistic that the cryptocurrency is poised to surge further as the blockchain platform prepares for the implementation of smart contracts.
On 8th April 2021, IOG published an article that comprehensively described the path to smart contracts implementation on the Cardano blockchain through the Alonzo protocol upgrade. This is expected to play out in August this year.
In a tweet, IOG wrote, “Implemented using our hard fork combinator technology, the Alonzo protocol upgrade will add support for smart contracts & open up opportunities for businesses and developers, by allowing the creation of smart contracts & DApps for DeFi.”