Cardano (ADA) Zooms in on Bitcoin’s Turf: Circulating Supply News You Can’t Miss!

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In the ever-spinning wheel of the cryptocurrency world, Cardano has decided to don the crown of attention this week, much to the chagrin of some of its more senior rivals. Hold on to your digital wallets, folks!

Thanks to some sharp-eyed data from TapTools (via X, because of course), it seems more than 78% of Cardano’s total supply has decided to make itself available in circulation. That’s right, it’s out there in the wild, like a group of high-flying socialites at a posh cocktail party. 🥂

Which brings us to a rather remarkable point: Cardano is now so widely distributed that it stands tall as one of the most “spread out” cryptos around. No one can accuse it of being an exclusive club, that’s for sure.

Cardano’s Big Move: Mimicking Bitcoin’s Elusive Scarcity Act

So, here’s the plot twist. With this milestone, Cardano (ADA) now finds itself strutting behind Bitcoin in the grand parade of circulating supply among the top ten cryptocurrencies. Bitcoin, of course, continues to reign supreme in the “digital gold” department, while Cardano’s 78% supply is waving its little flag proudly. 🎉

This delightful distribution means that ADA is widely held by the public, which, in theory, creates a market with more transparency and less risk of a sudden market meltdown. In other words, fewer unexpected hiccups, more predictable moves. Try getting that from your local real estate agent!

Meanwhile, many of the other cryptocurrencies are still sitting on vast amounts of their supply, locked away like a hoarder’s attic, waiting for the day when they decide to release the floodgates—potentially causing inflation faster than a balloon at a children’s party.

But, fear not, Cardano is not that reckless. It has adopted a rather Bitcoin-esque philosophy of keeping its supply fixed. No more ADA tokens are ever going to be minted beyond the grand total, which is a rare thing in the crypto wilds. Other coins may be handing out tokens like they’re candy at a Halloween bash, but Cardano has decided to be a bit more restrained.

To put it into perspective, Bitcoin has capped itself at 21 million coins, whereas Cardano has capped its tokens at a hefty 45 billion. Not quite as quaint as Bitcoin’s cap, but hey, it’s still a limited supply, and that counts for something in the crypto world. 💰

Much like gold, which somehow keeps its charm despite being shiny and hard to manage, cryptocurrencies with a capped supply aim to mirror that very same longevity. Talk about aiming for the stars, eh?

Cardano’s Market Demand to Take the Wheel and Drive Prices Up (Hopefully!)

With a staggering 78% of its supply now in the public domain, Cardano is fast approaching full market saturation. The good news is, demand—real, solid demand—will now be the primary force to determine the movement of ADA prices. No more silly gimmicks, folks, just the basics of supply and demand. Simple, right?

Now, as for Bitcoin, it’s the undisputed “digital gold,” thanks in part to its fixed supply and more than 90% of its total supply already floating around out there. But Cardano’s making its move, and the race is on! 🏁

As of the latest CoinMarketCap data, ADA is trading at a breezy $0.7341, having gained a rather snappy 10.97% over the past 24 hours. It’s almost as if Cardano is shaking its sleeves and saying, “Look what I can do!”

Ranked number nine in the crypto world based on market cap, ADA is pulling in a cool $1.1 billion in trading volume, which has surged by 70.7% in just a day. It’s safe to say that things are looking rather lively in the Cardano corner of the crypto market.

And, if you like ratios, here’s one for you: Cardano’s volume/market cap ratio stands at a healthy 4.27%. Not bad for a coin that’s only just warming up! 🤑

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2025-05-09 01:18