Cardano Trails Vodafone by $0.9B in Market Cap Ranking

As of June 15, Cardano (ADA) has a market capitalization of $50.42 billion according to the data acquired by Finbolf. Cardano market cap is higher than Coinbase (COIN) with $49.43 billion. Among the selected publicly traded asset in the list, telecom giant Vodafone surpasses Cardano by $0.94 billion.

As seen in this data, the selected assets came from different backgrounds. More so, Cardano is a relatively new asset alongside Coinbase. However, the market cap numbers show a massive success since it launched.

Clearly, ADA’s popularity resulted in a significant amount of market cap, matching up and surpassing some traditional asset classes. On the list, the online gaming company Roblox has a $49.05 market cap which falls behind Cardano. Of note, it was also reported that Roblox dominated the U.S. iPhone gaming market with over $3 million in revenue daily.

In addition, the previous crypto bull run and the ongoing development of Cardano have brought ADA in a high market cap position. It has been very bullish throughout the year. In fact, ADA surged by over 750% on a year-to-date basis, which is the 5th largest crypto by market cap.

Furthermore, Cardano has witnessed an increase in adoption with its real-world use cases, giving more exposure to the crypto. Recently, Cardano announced that it was researching about Stablesfees to have base price transaction fees.

Recently, Cardano is also reported that it’s building a system that processes billions of transactions annually. Without a doubt, its market cap will keep on gaining momentum with this continued growth from Cardano. 

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Source: https://coinquora.com/cardano-trails-vodafone-by-0-9b-in-market-cap-ranking/