1.1 k

Top 5 Cryptocurrency Projects on Cardano (ADA)

2021 continues to be the defining year for Cardano (ADA). In terms of market capitalization, Cardano rose to the top as the third-biggest blockchain-based platform. As more Cardano projects step into the light, investors are optimistic about the future growth of Cardano.

As a uniform ecosystem, Cardano continues to become more flexible, sustainable, and fast. The consistent growth of Cardano has made it possible for projects to be viable and achieve growth without issues. Interestingly, ADA doesn’t share some of the centralization problems that haunt ETH and BSC. And that’s because Cardano’s Haskell development language is uncommon in the crypto space. It is more accurate and robust, and that makes Cardano highly secure.

Cardano Basics

ADA is the native token of the Cardano blockchain that functions as a Proof-of-Stake or PoS mechanism. It means Cardano doesn’t need mining or supercomputers to validate its transactions. With the Proof-of-Stake blockchain, transactions obtain validation through ADA staking or holding. ADA has a maximum supply of 45 billion with 34 billion in circulation.

Since the rise of Cardano, it has started to become more flexible for project creators. Whether it’s games or dApps, Cardano’s blockchain has become a hub for various applications.

The Alonzo Update

Alonzo update became a massive driving for Cardano to evolve in the blockchain and crypto space. After the Alonzo update, developers can build and roll out smart contracts and dApps straight on the Cardano blockchain. The release of Alonzo may not have been smooth, but it has managed to set off Cardano in a new light.

Since the Alonzo update, there was a rollout of over 100 intelligent contracts within the first day. Cardano’s price already had a growth trajectory, and the Alonzo update has made it possible for the ADA to achieve more growth. Although Alonzo update didn’t follow with a smooth transition, it has opened up new opportunities for more projects.

Let’s review the top 5 cryptocurrency projects on the Cardano blockchain ecosystem:

1. Ardana

When it comes to Cardano blockchain, Ardana is undeniably the best crypto-based project. The all-in-one crypto came into focus in April 2021 and continues to benefit from active development. You can utilize Ardana for trading, staking, and minting purposes.

With Ardana, you can mint even upcoming stablecoin projects through ADA staking. Since most of the supply of Cardano is staked, Ardana has had swift growth. Furthermore, in the quest to make Ardana more community-driven, holders have free reign to vote on upcoming updates and changes. In fact, with each transaction, holders get rewards with a dedicated protocol on Ardana.

2. Empowa

Unlike most Cardano projects, Empowa had managed to build the most anticipation and excitement for its release. Empowa is different from other Cardano projects and sets out with long-term goals. The project wants to utilize decentralized finance (DeFi) to make affordable housing accessible in Africa.

Empowa has the potential to become a savior to 50 million homeless people in Africa. Since its release in April 2021, Empowa has become a radical project. It’s no wonder that the project received funding months before its final rollout.

With Empowa cryptocurrency, Cardano has become the first Real-Fi ecosystem on a global scale. The main objective of the Empowa project is to offer affordable housing options in different parts of Africa. Contributors of the project secure a part of the rental income from various properties using Empowa cryptocurrency.

Empowa (EMP) cryptocurrency is essentially a utility token that also works as an EMP ticker. In fact, Empowa wants to harness the power of cryptocurrency. Empowa intends to initiate the best housing and development plans for third-world countries through the decentralization of property developers.

3. SundaeSwap

As far as popularity goes, it is hard to beat the SundaeSwap project on the Cardano platform. In fact, long before the release, SundaeSwap had an innovative and active presence on social media. Like Uniswap, SundaeSwap also runs on AAM or Automated Market Maker mechanism.

The objective of SundaeSwap is to become one of the best-decentralized exchanges on Cardano. You can view SundaeSwap and Cardano through the lens of Uniswap and Ethereum. But unlike Uniswap, SundaeSwap offers a more robust front-end hosting solution than other DEXs.

Technically, the hosting of SundaeSwap is based on IPFS or an interplanetary file system that makes it completely decentralized. Sundae is the native token of SundaeSwap and has had its initial stake pool offering. Users now can get Sundae tokens by ADA staking and through staking pool.

The token distribution of SundaeSwap is transparent and secure. In fact, 55% of the supply goes to the public and the rest for the initial investors, team, advisors, and future hires.

4. RaySwap

RaySwap is a Cardano-based ecosystem that offers a wide range of blockchain solutions. Whether it’s API provisioning, light crypto wallets, or DeFi exchange, RaySwap has become an all-in-one project on the Cardano platform.

Ray is more than a Swap – it is a dedicated network that works on the Cardano (ADA) blockchain. RaySwap has its own token and a wallet. Staking on RaySwap through ADA allows users to earn 5% of APR. With RaySwap, users have the freedom to swap a multitude of tokens.

Like top-tier Cardano projects, RaySwap is also ambitious and allows users to leverage Yield Farming and AMM. In fact, RaySwap is a huge network that also covers the NFT space. Experts suggest that RaySwap is one of the most effective, practical, and ambitious ADA projects.

5. World Mobile Token

On the surface, the World Mobile project looks the same as Empowa. However, the focus of this project is on robust mobile connectivity. Mobile World project wants to connect the entire world through the Cardano blockchain. World Mobile project wants to interconnect 4 billion people that are not part of the modern digital space.

Ordinarily, cellular data comes with a hefty price tag that makes it unreachable to underdeveloped parts of the world. And this is where the World Mobile project comes into the picture. This project plans to solve traditional cellular connectivity issues and make Wi-Fi-based mobile connections highly accessible.

World Mobile offers a dedicated digital ID that allows users to access banking systems online. With World Mobile Token, people in Africa can enjoy economic perks that western countries take for granted. World Mobile also doesn’t follow the steps of conventional mobile networks.

Instead, it allows users to access as much data as they want. Users can even get access to education and healthcare through digital IDs. World Mobile Token (WMT) has a maximum supply of 2 billion with 200 million in distribution during its Initial Coin Offering.

Through World Mobile Token (WMT), the project has made it possible to start smart villages in different parts of Africa. In layman’s terms, World Mobile Token (WMT) connects third-world countries through the Cardano blockchain.

Final Thoughts

Most projects have managed to find their find around Alonzo update. In 2022, Cardano plans to attract more projects and shake up the dominance of Ethereum blockchain. Crypto experts concur that ADA can be one of the best players in the crypto landscape extending beyond the market cap.

Cardano live price
price change

The ambitious drive of Cardano is here to stay and opens up more room for exciting and interesting projects. Crypto market analysts hope that the highly proactive and growth-driven approach of Cardano throughout 2021 extends to 2022. With consistent market cap and impressive new projects, investors and developers are bound to see ADA as one of the best platforms.

Stay up to date with our latest articles

More posts

Top 10 Cryptocurrencies in January 2022

Cryptocurrencies had a great year in 2021. In this period, we have seen the market go from being classified as a billion-dollar economy into a trillion-dollar economy. Aside from that, cryptocurrencies are gaining visibility in the mainstream world with, for example, El Salvador's adoption of Bitcoin as the official digital currency. As a result, investors are looking for the "new Bitcoin" on the market, hoping to find a great alternative in so-called altcoins. Unfortunately, many traders value an altcoin exclusively…

Meme Coins: Top 5 Meme-based Projects to Keep an Eye on 2022

Meme coins will continue to gain more attraction in the crypto landscape. Although it hasn’t been long since meme coins came into the spotlight, many investors still think it is an exciting and profitable investment. On the flip side, investors often struggle to choose the best meme coin. Before you dive into the breakdown of the top 5 meme projects, take a look at the fundamentals of meme coin. So, What Makes Up a Meme Coin? A meme coin refers…

Solana vs. Polygon vs. AVAX vs. Algorand

Blockchain-based cryptocurrencies and protocols have had a significant environmental impact. But the efforts to minimize crypto’s carbon footprint will take some time. Still, the good news is that over 4,500 token options exist for investors. Also, they have sustainable and long-term growth potential. In 2022, blockchain cryptocurrencies have made it easier for individuals to perform secure financial transactions. The idea of no intrusiveness from third parties like a bank, court, or monetary authority appeals to users. It is no wonder…

Top 5 Cryptocurrency Projects on Cardano (ADA)

2021 continues to be the defining year for Cardano (ADA). In terms of market capitalization, Cardano rose to the top as the third-biggest blockchain-based platform. As more Cardano projects step into the light, investors are optimistic about the future growth of Cardano. As a uniform ecosystem, Cardano continues to become more flexible, sustainable, and fast. The consistent growth of Cardano has made it possible for projects to be viable and achieve growth without issues. Interestingly, ADA doesn’t share some of…

Top 7 Coins on Binance Smart Chain (BSC) to Watch in 2022

Binance Smart Chain continues its streak of unprecedented growth. Whether it’s token swaps, NFTs, or decentralized markets, BSC supports more than one option to earn significant yield and make the crypto landscape more exciting. Binance Smart Chain is a one-of-a-kind new blockchain with a dedicated environment that supports decentralized and high-performing applications. The cross-chain compatibility of BSC is one of its hallmark aspects. Also, it allows users to reap the benefits of Binance Chain and Binance Smart Chain. But unlike…

Is There An Ethereum ETF?

There’s been a lot of talk about crypto ETFs as of late. Specifically, Bitcoin ETFs. Last month, the very first Bitcoin ETF was launched in the United States. It pulled in over $1 billion in volume in just two days. Most importantly, it was praised for reeling an all-new investor base into the asset class. However, Bitcoin isn’t the only cryptocurrency in town. Ethereum – the second-largest crypto – has also seized the interest and funds of major investors. These…

An Intro to Stablecoins for Beginners

Stablecoins are cryptocurrencies that peg their values to other assets to avoid massive market volatility. When Bitcoin appeared, many investors envisioned it as a means of payment for everyday products like pizza. For instance, Laszlo Hanyecz paid 10,000 BTC for two pizzas in 2010. At that time, BTC’s value was dismal and below one dollar. However, today, the same order would cost someone over $600 million. In the past decade, Bitcoin has increased in value exponentially. However, it was also the…

What Are the Best Altcoins to Buy in 2022?

The crypto market is rising, and everyone's looking for the best altcoins to buy in 2022.  However, cryptocurrencies have an unpredictable nature, which exposes them to intense volatility. As a result, most of them have gone through highs and lows in the past decade. Subsequently, investors have gone from rags to riches and back again in a vicious cycle. Fortunately, as the market is stabilizing, massive price oscillations become rarer. So, investing in a new altcoin may be a successful…

The Beginner’s Guide to RavenCoin

RavenCoin has one of the most fascinating histories in the crypto landscape. This cryptocurrency was born the original Bitcoin fork. As a result, RavenCoin has retained most of BTC's original tech features with slightly new variations. Unlike Bitcoin, RavenCoin uses another algorithm to mine from a slightly average computer. However, its goal is to accomplish the original vision of decentralized Bitcoin and break the traditional energy and hardware barriers in mining. Background and Purpose RavenCoin launched as a Bitcoin fork…

Top Stablecoins to Watch in 2022

Stablecoins are virtual currencies that help minimize crypto market volatility. These crypto-assets are often pegged to the value of fiat money, exchange-traded commodities like gold and silver, or cryptocurrency. These tokens operate on blockchain technology and offer investors more safety than other crypto assets. Over the years, stablecoins have increasingly brewed up a storm in the crypto space. For instance, most of them chose the US Dollar as the primary asset to peg their value and reach global acceptance. Nevertheless, not all stablecoins…