Theres more to cryptocurrency and blockchain than Bitcoin and Ethereum.
There are many other competing coins and blockchain platforms, one of which is Cardano.
Cardano was set up by one of Ethereums co-founders Charles Hoskinson.
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Cardano is unique in the blockchain community, in that it has some credentials in academic research.
Of course, that doesnt mean the platform will be immediately successful.
Whats more just because its academic doesnt mean its correct.
At the time of writing, Cardano currently sits 15th in the top cryptocurrencies by market cap according toCoinMarketCap.
ADA came to market in perfect timing for the infamous 2017/2018 market wide cryptocurrency bull-run.
Over the early months of 2018, ADA saw the highest trading prices it has ever seen.
On January 4, 2018, ADA reached its all-time high price of $1.16.
On December 31, 2018, ADA traded at $0.0414, a 96-percent drop from its all-time high.
An 81-percent decrease on where it opened back in 2017.
Q1 3 2019 ADA/USD review
January through to early March was fairly uneventful for ADA.
For every upswing in these months, there was also a downswing that corrected its price.
However, in mid-March, ADA experienced a significant increase in its trading price.
By April 3, 2019, Cardano traded at $0.1007; a whopping 149-percent increase.
For bearish investors, this was reassuring.
Q4 2019 ADA/USD review
Unfortunately, for bearish traders ADA wasnt able to sustain growth.
This set Cardano up with room to grown across the final quarter of 2019.
October 2019 saw ADA open at a trading price of $0.0380.
A week later, the coins price had increased to $0.0418, a comfortable 10-percent price bump.
A market correction forced the coin down to a monthly low trading price of $0.0357 on October 23.
But Cardano was able to recover and by the end of the month its price had reached $0.0407.
A seven percent increase over the entire month.
Across the first half of November, the story was largely the same as the previous month.
ADAs trading price high for November came on the 17th when it was selling at around $0.0448.
However, in the week that followed a market correction cut Cardanos price drop to just $0.0351.
It ended the year below its opening price.
For one, hardware wallet manufacturer Ledger announced that it wasadding support for ADA.
Back in June 2019, $233,000 worth of Cardano was stolen from cryptocurrency exchange Bitrue.
This seeminglycoincided with the swift and significant price dropCardano saw at the same time.
Already this year, Cardano is performing well.
Its price opened the year at $0.033 and as of yesterday sat at $0.0400.
Story byMatthew Beedham
Matthew is the editor of SHIFT.
He likes electric cars, and other things with wheels, wings, or hulls.
