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Recently, when discussing the cryptocurrency Marketplace, Cardano has become a hot topic. While Bitcoin has frequently made headlines for reaching new all-time highs, Cardano has outperformed Bitcoin in terms of Return due to its significant rise, making it a standout among many alts. Cardano's founder, Charles Hoskinson, publicly discussed its impressive performance in comparison to Bitcoin.
So, how has Cardano managed to outperform Bitcoin in terms of Return?
As the bull run unfolds, Cardano has shown an upward price trend. In a recent interview, Charles Hoskinson boldly claimed that ADA is the best-performing asset because Cardano's growth trajectory has consistently outpaced other major assets.
This statement stems from ongoing criticism of ADA's poor performance, with Hoskinson referring to ADA's Return surpassing that of Bitcoin. By citing years of stable price rise, Hoskinson emphasized that Cardano's long-term performance has changed expectations in the digital asset industry. Over the past year, Hoskinson revealed that ADA has risen approximately 40% more than Bitcoin.
During this period, ADA's price increased by 140%, while Bitcoin's rose only 80%. According to Hoskinson, this price gap proves that ADA has been one of the best-performing assets over the past 12 months. Additionally, Hoskinson pointed out the significant rise of this alts since its launch. Surprisingly, he disclosed that over 108,000 BTC have been raised for the development of Cardano, valued at about $13 billion at current prices.
Although a large portion of funds has been used for developing this alts, ADA's performance since its launch in 2017 has exceeded Bitcoin by over 200%. Given that ADA has outperformed Bitcoin, which is considered the king of cryptocurrencies, Hoskinson calls ADA the best-performing asset of all time.
Even as the entire cryptocurrency Marketplace turns bearish, causing prices of various cryptocurrencies to fall, Cardano still leads in Return. Data shared recently by TapTools on its social platform shows that over the past 90 days, ADA's Return has surpassed Dogecoin (DOGE), SUI, Bitcoin, and Tron (TRX).
During this period, Cardano recorded over 24% Return, while DOGE, SUI, BTC, and TRX grew by 15.56%, 8.10%, 7.36%, and 24.15%, respectively.
As its governance model enters a new phase and on-chain activity increases, Cardano's momentum has made it a leader among alts. This development also positions its network as a project redefining the success criteria for blockchains.
As of the latest data, ADA's trading price is approximately $0.81, showing a slight 2% decline in the past 24 hours. The decrease in ADA may be related to its negative trading volume, which shows a drop of over 30% in the past day.
Disclaimer: For informational purposes only. Past performance does not indicate future results.