Explore the surging strength of Cardano (ADA) as long-term holders accumulate more, bolstering ADA's ability to withstand market fluctuations. Analysts predict a bullish breakout for ADA, driven by steadfast investor confidence and increasing institutional demand
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Cardano Becomes Largest PoS Staking Network Replacing Polkadot, ADA Price Down 18% Now
Jan 11 2021 · 10:34 UTC by Bhushan Akolkar · 2 min read
Photo: Shutterstock
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With nearly 70% of the total ADA supply being staked, Cardano takes the lead over Polkadot to become the largest decentralized PoS blockchain network. Also, Cardano’s ADA is now the seventh-largest cryptocurrency by market cap.
Well, there are some major fundamental developments taking place in the Cardano (ADA) blockchain network. Over the last weekend, Cardano became the biggest staking network in the world toppling Polkadot.
As per the latest data from Staking Rewards, the Cardano blockchain network has nearly 69.5% of its circulating supply staked. This roughly means around 22 billion ADA coins worth $6.68 billion in staking. So far, Polkadot has enjoyed the status of the largest decentralized PoS network.