Right behind SOL with a market cap of $ 55 billion sits Cardano, which also had a meteoric rise in 2021. The token entered the year trading at less than $ 0.20 and rallied to eclipse $ 3 by early September — becoming the world’s third-largest cryptocurrency in the process. ADA has also cooled off since its Labor Day heights, and now trades at $ 1.66.
Cardano is the brainchild of Ethereum co-founder Charles Hoskinson, who left Ethereum after disagreeing with Vitalik Buterin’s designs on keeping that blockchain non-profit. Cardano has made a name in its own right — but with ADA in the midst of a months-long bear streak, 2022 could be a make-or-break year.