#3 Cardano (ADA)
Cardano (ADA-USD) is a blockchain platform developed on a consensus proofing (PoS) protocol – Ouroboros – that can verify transactions without high energy costs. Although ADA is currently among the cheapest cryptocurrencies, it has not lost its popularity. This is due to its development plan and huge potential.
Together with the efforts of its development team, Cardano is gaining a large audience in a space it wants to dominate.
According to a recent report by CryptoCompare, Cardano’s developer activity has been on the rise for about six months now. Also, Github comments on this blockchain have increased from 5400 to 6200 in that time.
There are several upcoming projects for Cardano, which include the DeF transaction exchange and the NFT marketplace. At the beginning of June, there were over 1000 projects built on the ADA blockchain.
An addition called Hydra is also coming. This upgrade could solve Cardano’s scalability issues and significantly increase the data submitted for processing, thus triggering higher prices.