Cardano achieves ‘A’ rating in Weiss Crypto: Cardano (ADA), the ninth-largest cryptocurrency, has been upgraded to an ‘A’ rating in Weiss Crypto Rankings. This event places Cardano among the elite cryptocurrencies, alongside Bitcoin (BTC) and Ethereum (ETH). The list was published on November 22, 2024, recognizing Cardano’s significant achievements in the crypto market.

Cardano’s performance and technology: Cardano received an overall ‘A’ rating, with an ‘A-‘ for technology and adoption level. This indicates ‘excellent’ technology and ‘good’ adoption, demonstrating Cardano’s potential and strong growth. Meanwhile, it received a ‘B’ for market and performance, reflecting ‘good’ risk and momentum from Weiss Crypto’s observation.

Growth in Cardano’s DeFi ecosystem: Cardano’s price has tripled in the past 30 days, rising from 0.33 USD to 1.1 USD, with its market capitalization reaching 40 billion USD. This correlates with record development in Cardano’s DeFi protocols, with Total Value Locked (TVL) reaching 621 million USD. Projects like Liqwid and MinSwap are leading development in this ecosystem.