Ether, the digital testimony of the Ethereum blockchain, is the second largest cryptocurrency in the world by market value.
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According to CoinGecko, the ada of the Cardano blockchain chain, the third largest cryptocurrency by market capitalization, hit a record high of $ 3.09 on Thursday, after surpassing $ 3 on Wednesday.
The increase in demand for altcoin comes amid renewed interest in NFTs, or non-expendable tokens, and continued enthusiasm for DeFi or decentralized finance. Both parts of the cryptographic world are building most projects in the Ethereum blockchain, but alternatives like Cardano have become more attractive to developers.
Here’s what you need to know about investing in ada and the Cardano network.