• It is one of the 10 most valuable cryptocurrencies according to market capitalization.
• ADA, an innovative platform for contracting uses a new consensus algorithm known as Proof-of-Stake.
• Cardano rewards those who validate transactions.

CoinMarketCap data shows that the cryptocurrency market suffered one of the worst corrections ever recorded. Except for a handful of exceptions, most cryptocurrency prices fell double-digitally. The flagship cryptocurrency, ETH, dropped by over 15% and currently trades below $8,000.

If Bitcoin goes bust, it causes the whole market to crash. However, one cryptocurrency stood out as an outlier, surpassing its prior all-time high as the rest of the market continued to decline – Cardano (ADA).

Cardano’s top 10 cryptocurrency projects use smart contracts. It also has a functioning Proof-of–Stake and doesn’t need to be restarted every month, according industry experts. Although the crypto pair looks similar to, it is a contract platform that uses an entirely new consensus algorithm known as Proof-of-Stake.

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