Cardano rewarded its investors with a serious profit this year. ADA’s recent price surge has brought a growing number of cryptocurrencies to join the millionaire club.
The number of millionaire investors investing in ADA increased 13-fold from the beginning of the year to May 17, reaching 6,710, according to UK-based news agency Finfold. Using Coin Metrics data, the news agency found that there were only 504 ADA addresses worth at least $1 million on Jan.
The number of active ADA addresses also increased by 417.81 percent between January 1 and April 28.
ADA, which was trading at only $0.18 at the beginning of the year, gained 955 percent in this process and rose to $1.72 as of the time of translation. Cryptocurrency broke a record by reaching $2.40 in the past few days.
With its recent rally, ADA surpassed cryptocurrencies such as Dogecoin (DOGE) and XRP, and moved up to fifth on the list of top cryptocurrencies in terms of market capitalization. The market value of the crypto currency was measured as 54.6 billion dollars as of the translation publication time.