Cardano Rivals Ethereum’s Volume

Cardano, the blockchain created by Charles Hoskinson of Ethereum fame, increased 8% overnight and was the 2nd most mentioned token on Twitter ($TWTR@US) Monday. The proof-of-stake blockchain has always said that its goal is to allow innovators to affect global change. Most notably, Cardano is used by agricultural firms to track items like produce from the farm to its final destination while other items on the blockchain help retailers detect counterfeit goods or store educational credentials in a tamper-proof manner. Moreover, Cardano owners have a right to participate in the management of the network, voting on any proposed changes to the software. At press time, Cardano was down nearly 3% after its massive surge, trading at $1.48 on a massive increase in trading volume and a slipping market cap. Currently, Cardano ranks number 5 in the global crypto market.