Top 5 Cardano Ecosystem Coins by Market Cap to Watch in September 2022
Cardano Ecosystem is known in the blockchain industry for its unique solution, mainly allowing developers to create token projects or even decentralized applications. The Cardano ecosystem has a robust total market capitalization of around $20,391,702,578 and a total trading volume of around $1,130,769,200.
Note: This list is sorted by market capitalization, from lowest to highest.
COTI Award (COTI)
- Unit Price: $0.09453
- Market Cap: $105,053,034
- Distinguished Features: With the help of this platform, companies can rapidly develop state-of-the-art financial products while saving time, data, and money.
COTI, the first enterprise-grade fintech platform, allows businesses to build payment systems and digitize any currency to save time and money.
One of the world’s first blockchain protocols, COTI is designed for use by corporations, governments, payment DApps, and stablecoin issuers. It is optimized for decentralized payments.
The Payment Network is a global payment system that allows customers and businesses to freely conduct financial transactions using a digital wallet, coins, and more.
COTI is also the first platform in the world designed to produce stablecoins. The option to create their stablecoin gives a person control of both their money and their data.
$COTI has a 24-hour trading volume of $6,305,705 and trades on major cryptocurrency exchanges such as Binance, BingX, Bybit, MEXC, and Phemex.
- Unit price: $3.75
- Market Cap: $119,943,347
- Features: The Ergo platform intends to offer an efficient, secure and simple method for setting up financial contracts that will be beneficial and resilient over time.
ergonomics presents itself as a self-modifying protocol that supposedly allows it to integrate new concepts in a decentralized way and to improve.
Ergo is a next-generation smart contract platform that guarantees financial independence for ordinary people by providing safe, convenient and decentralized financial instruments.
Ergo draws on ten years of blockchain development and combines proven principles with the best peer-reviewed academic studies in cryptography, consensus models, and digital currencies.
Ergo’s smart contracts are built on Sigma protocols. They make it possible to create a class of efficient zero-knowledge protocols that allow us to perform actions that would otherwise be impossible or costly and dangerous.
$ERG trades on major cryptocurrency exchanges like KuCoin, Gate.io, FMFW.io, CoinEx, and ProBit Global, with a 24-hour trading volume of $3,516,422.
- Unit Price: $1.03
- Market Cap: $577,285,815
- Distinctive Features: As the first-ever provider of fast cryptocurrency-backed loans, Nexo aims to address market inefficiencies, according to its white paper.
Users can get fast loans secured by cryptocurrencies via Nexo, a blockchain-based lending platform. Users post a supported token, such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), or XRP (XRP), as collateral in exchange for a fiat currency loan or stablecoin.
Nexo aims to grow a customer base of users who continue to use the platform and support NEXO. To reward customers who keep NEXO in their accounts, the company unveiled a loyalty program that offers them lower loan interest rates and higher savings returns. In addition, 30% of Nexo’s earnings are paid out as dividends to owners of NEXO tokens.
Profits from accrued interest on loans support the business, providing institutional credit and advisory services.
$NEXO has a 24-hour trading volume of $28,930,568, traded on Binance, BingX, Bybit, MEXC, and Deepcoin exchanges.
Chain link (LINK)
- Unit price: $6.89
- Market Cap: $3,387,818,402
- Distinguished Features: Chainlink, a decentralized network, allows users to operate nodes and generate revenue from the vital data infrastructure needed to run blockchains.
Chain link, a blockchain abstraction layer established in 2017, enables globally interconnected smart contracts. Chainlink, a decentralized oracle network, allows blockchains to securely interact with external data streams, events, and payment methods while providing crucial off-chain information required by sophisticated, rapidly becoming smart contracts. the main type of digital contract.
A large open source community of data producers, node operators, smart contract developers, researchers, security auditors and others power the Chainlink network.
The company is committed to ensuring that all node operators and users who wish to contribute to the network are assured of decentralized involvement.
$LINK has a 24-hour trading volume of $349,856,741 and trades on major cryptocurrency exchanges like Binance, OKX, BTCEX, BingX, and Bybit.
- Unit Price: $0.4684
- Market Cap: $16,038,882,459
- Distinctive Features: The project has taken pleasure in ensuring that every piece of technology created goes through a peer-research process, allowing bold theories to be challenged before they are confirmed.
Founded in 2017, gimbal is a blockchain proof-of-stake platform that claims to empower “changemakers, innovators, and dreamers” to effect beneficial global change.
The open-source initiative also seeks to “redistribute power from unaccountable structures to the margins of individuals”, which will help develop a safer, more responsible and more just society.
The purpose of the ADA token is to ensure that bearers can participate in the management of the network. As a result, users who own cryptocurrencies have the opportunity to vote on any proposed changes to the program.
One of the major blockchains, Cardano, uses the proof-of-stake consensus process, which consumes less power than the proof-of-work algorithm used by Bitcoin.
According to a recent announcement by Input-Output Hong Kong (IOHK), the blockchain development company behind Cardano, Vasil’s upgrade, which aims to improve Cardano’s scaling capabilities and reduce transaction costs, is set to launch on September 22.
$ADA has a 24-hour trading volume of $730,277,973 and trades on major cryptocurrency exchanges like Binance, OKX, BTCEX, Deepcoin, and Bybit.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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