With the cryptocurrency industry evolving daily, Cardano remains a major player in the market that was the center of attention this week.
Recent data common By taptools via X shows that more than 78% of the total Cardano power supply is now in circulation.
Therefore, it is one of the most distributed cryptocurrencies on the market today.
The Cardano path reflects the manual of Bitcoin rarity
With this important step, Cardano (ADA) is now second behind Bitcoin in terms of supply in circulation among the ten cryptocurrencies. The high circulation offer suggests that a large percentage of ADA tokens is in the hands of the public, offering greater transparency and market stability.
On the other hand, most other digital assets have a large percentage of their locked supply, creating the possibility of inflation in the future. A key point for Cardano is that he has a fixed diet, like Bitcoin.
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Therefore, no additional ADA token will be struck beyond its maximum ceiling. This is a rare characteristic on the cryptography market, because most tokens have flexible or unlimited supply models.
Cardano follows Bitcoin's philosophy to cap his supply. While Bitcoin's offer is capped at 21 million pieces, ADA's offer is capped at 45 billion, according to CoinmarketCap data.
This approach calls on those who hold their digital assets for the long -term value they bring.
Like gold, which remains precious over time, cryptocurrencies with a capped offer aim to achieve the same objective.
Cardano market demand to become a key price engine
Cardano approaches complete saturation of the market with 78% of its offer already in circulation. Consequently, real demand will determine the movements of ADA prices and will help reduce inflationary pressure over time.
In comparison, the recognized BTC status as “digital gold” is partly due to its fixed ceiling and more than 90% of its food in circulation.
The latest CoinmarketCap data shows This ADA is negotiated at $ 0.73,41 after gained 10.97% in value in the last 24 hours.
Classified the ninth cryptocurrency according to the market capitalization, the commercial volume of ADA is $ 1.1 billion, up 70.7% during the same period. In addition, the Cardano market volume / market capitalization ratio of 4.27% indicates a healthy negotiation activity compared to its overall size.
