The Magazine for Asian Investors
SOLANA (SOL) is currently the sixth-largest cryptocurrency in the world by total market capitalization at $57 billion.
Moreover, Solana is now the number one cryptocurrency in terms of stakes, with over $82 billion in stakes on the network, representing 77.37% of the total value.
Cardano Coin (ADA) has fallen to second place, with a staking value of more than $44 billion, or 70.68% of its total value.
Ethereum 2.0, Polkadot (DOT), and Avalanche (AVAX) remain in the top five.
According to Cardano’s data collection, the ADA wallet currently has 942,117 addresses. More than 100,000 locations were added in just two months.
Proof-of-stake cryptocurrencies are a way for investors to lock in a certain amount of digital assets to earn interest.
Therefore, the return potential and stability of this type of asset class attracted more investors last year.
Moreover, investors are accepting the changing technology by investing more in cryptocurrency to generate profits.
The Spot Market is Open
Friday, November 19, 2021