The cryptocurrency ranking platform CryptoRank has revealed Cardano (ADA) as the most popular coin in February. The coin, which has recently become the third-highest valued crypto by market cap, was even more popular than Bitcoin (BTC) throughout last month.
In third place was Binance Coin (BNB), which saw massive gains of 444% in February, and in fourth place Dogecoin, which has enjoyed increasing popularity after Elon Musk tweeted about it. BNB’s gains are likely due to Defi users moving from Ethereum because of the high gas fees.
— CryptoDiffer (@CryptoDiffer) March 1, 2021
Positive Outlook for Cardano
Austin Arnold, of popular Youtube channel Altcoin Daily, recently announced his prediction that Cardano could be the biggest gainer this year. He also mentioned Polkadot (DOT), The Graph (GRT), Ethereum (ETH), and PancakeSwap (CAKE) as other coins with good potential for 2021.
Over the past weekend, Cardano hit a new all-time high of $1.48, while the majority of other coins were in the red. The gains mean Cardano is up an incredible 2,000% over the past 12 months.
The Cardano development team at IOHK is set to launch the ‘Mary’ hardfork later this evening, which will introduce multi-asset and native token functionality to the project. This means users will be able to create tokens on Cardano, much like Ethereum’s popular ERC20 protocol. It will even include a token builder graphical user interface for non-advanced users.
The update won’t replace the previous Shelley or Byron upgrades, which can continue to operate due to Cardano’s Hard Fork Combinator (HFC) technology. With many major exchanges having already tried out the Mary Testnet, they are now ready to instantly support the new fork.