Recent Cardano Price Surge results in 6710 ADA Millionaires

After all that happened with Cardano, it’s time to reward all patient investors with outstanding gains. According to Coin metrics data, the number of ADA millionaires has gone up by over 1231% this year alone.

Cardano continues to increase as the number of holders desiring to become an ADA millionaire keeps rising after the recent ADA price surge.

According to the United Kingdom-based news agency Finbold, since 2021 started, the percentage increase of Cardano millionaire investors has gone up by over 13-fold to 6710 as of 17th of May. It was determined from the Coin Metrics data that only 504 Cardano addresses had at least $1 million at the beginning of the year.

There has also been a significant increase in the number of ADA addresses that are active by about 417.81% spike within January and April.

The value of ADA went up from $0.18 to $2.08 which is an outstanding increase of about 1,040% since the beginning of this year. Earlier this week (as at the time of publication), Cardano peaked a bit to $2.40 which was an all-time high record.

It has been reported that Cardano has reached a new price discovery phase and that implies more increase in s short term is quite possible. This promising cryptocurrency has amassed $66.1 billion as its market capitalization. ADA has gained the 4th position among active crypto projects, overtaking Dogecoin (DOGE), Ripple (XRP), and Tether (USDT) within the recent surge.

Another worth noting fact is that Cardano seems to be doing better against the current crypto bearish market. ADA has increased by 19% in the past 7 days whereas Bitcoin(BTC) has reduced by 22.6% and even Ether (ETH) went down by 15.2%.

Cardano truly has one of the most committed cryptocurrency communities anyone could wish for in the industry. There are also benefits coming via the positive news they get from Input Out Hong Kong (IOHK). Recently, the development arm of the smart contract platform gave an explanation about its upcoming Alonzo upgrade. The upgrade is being deployed to the mainnet gradually in May and June.

There’s also a recent partnership between the Ethiopian government and IOHK to remodel the education system of the nation. IOHK aims to use this partnership in deploying blockchain solutions all over the country, with about five million students gaining benefits from the program.