Saturday, March 6, 2021

Kieran Kelly States Unique Feature That Will Keep Aiding the growth of Cardano and Polkadot

A popular XRP enthusiast and crypto pundit, Kieran Kelly, has recently stated the reason why he thinks Cardano (ADA) and Polkadot (DOT) will continue to grow.

Recall that Polkadot (DOT) has displaced the digital token XRP from the fourth position in the crypto market. While Cardano (ADA) is inching closer to take the fifth position from the embattled Ripple’s native token XRP.

At the time of writing, XRP has a market cap of $12.7 billion while Cardano (ADA) stands at $12.2 billion, according to CoinMarketCap.

Read Also: Cardano Development Fund Expands with $500,000 Round, Surpasses Dash and Ethereum’s DAOs Combined

Cardano (ADA) and Polkadot (DOT) Will Continue To Grow in the Power of Staking

According to the famous crypto investor and pundit, Kieran Kelly, Cardano (ADA) and Polkadot (DOT) will continue to grow due to the staking feature embedded in the two digital currencies.

He believes Ethereum (ETH), the second-largest cryptocurrency, is nowhere near the two cryptocurrencies at least for now since the staked ETH will remain locked up until Ethereum 2.0 is fully ready.

Kelly pointed out that staking has just started gaining traction in the cryptocurrency industry and this is likely to continue as the crypto space advances.

Kieran Kelly tweeted, “DOT and ADA will surely continue to grow because you can stake them for 12-15% and easily unstake. Staking ETH is a lock up until ETH 2.0 is completed. Staking is growing in interest considerably across the digital asset market, excuse the pun. Watch this space.”

Read Also: Cardano (ADA) Smart Contracts Deployment Will Bring Large-Scale DeFi Protocols to the Network

Charles Hoskinson about Cardano (ADA) Joining the Top Four Cryptocurrencies

Charles Hoskinson, the CEO of IOHK, has also joined the conversation about Cardano (ADA) sitting among the top four cryptocurrencies in the market.

Charles Hoskinson tweeted, “Looks like Cardano, Polkadot and Ethereum are soon going to be sitting at 2,3, and 4 on CMC…”

Read Also: Charles Hoskinson Hints at Many Deals, Partnerships, DApps, and Interests to Build On Cardano In 2021

Cardano (ADA) in the Market

Cardano (ADA), the sixth-largest digital currency by market capitalization, has been among the best performers among the top ten cryptocurrencies over the last 24 hours.

At the time of publishing, ADA is trading at $0.3955, with about a 12% price uptrend based on 24 hours estimation.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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