Shortly after the evaluation of cryptocurrencies by China's CCID Research Institute of the Ministry of Industry and information based on their technology and application of the currency in the real world. This has contributed to ADA's success on the global public blockchain index. The slight rise in the price of ADA of about 5% this week has moved ADA to the seventh place on the coinmarketcap with a total market capitalization of $6.5m.
Cardano's Future
Cardano is speculated to top Ethereum as the world's top public blockchain in the near future just because it is only a couple of months old but has already launched its blockchain moving from Ethereum's smart system contracts to Caradano and it's smart contract system is yet to be launched later this year.
Cardano's blockchain provides unique features which are different from the already existing blockchains forming a strong community.
Cardano is aiming at integrating the blockchain to give solution for world's real problems. This can be evidenced in Ethiopia where IOKH (cardano's development team) signed a Memorandum of understanding with the government to integrate blockchain in Ethiopia's agricultural industry. This will enable easy access to the international markets for agricultural products, coffee in particular since Ethiopia is Africa's largest coffee producer. It will also simplify data storage and finance accounting for the farmers.
