Charlie Bilello, founder and CEO of Compound Capital Advisors, shared last year's returns for the top 10 cryptocurrencies a few hours ago, including the national currency of the United States, the US dollar, and the precious metal, gold.
According to the list shared by Bilello, Cardano (ADA), the sixth largest cryptocurrency by market capitalization, outperformed all the other top 10 digital currencies on the market.
Cardano (ADA) top 10 top performer over the past year
According to the one-year cryptocurrency returns list shared by Charlie Bilello, the only digital token that came close to Cardano (ADA) in the last year in terms of price performance is Binance Coin (BNB) with + 3.058% return.
On the other hand, Bitcoin (BTC), the largest cryptocurrency by market capitalization, only managed to return more than + 728% in the last year, while the most glorified fiat currency in the world, the US dollar, lost relatively 8% of its value during the last year. one year.
Charlie Bilello tweeted:
Returns over last year…
Cardano $ ADA: + 3,290%
BinanceCoin $ BNB: + 3.058%
Polkadot $ DOT: + 1.353%
Ethereum $ ETH: + 1,171%
Uniswap $ UNI: + 953%
Chainlink $ LINK: + 875%
Bitcoin $ BTC: + 728%
XRP $ XRP: + 532%
Litecoin $ LTC: + 406%
Bitcoin cash $ BCH: + 161%
Gold: + 3%
US Dollar Index $ USD: -8%
– Charlie Bilello (@charliebilello) April 10, 2021
Alonzo protocol update will add support for smart contracts
The ADA digital token price has taken advantage of successive developments around the emerging smart contract platform, Cardano, to deliver excellent performance. Some cryptocurrency analysts are still optimistic that the cryptocurrency is ready to further increase to as the blockchain platform prepares for the implementation of smart contracts.
On April 8, 2021, IOG public an article that comprehensively outlined the path to smart contract implementation on the Cardano blockchain through the Alonzo protocol update. This is expected happen in August of this year.
In a tweet, IOG wrote:
"Implemented using our hard fork combiner technology, the Alonzo protocol update will add support for smart contracts and open opportunities for enterprises and developers, by enabling the creation of smart contracts and DApps for DeFi."