Cardano's ADA is Either #6 or 7 By Market Capitalization

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Cardano's ADA recently overtook Litecoin in market capitalization.

At the time of this writing, CoinMarketCap, or CMC, shows ADA in seventh spot, while Nomics has it at sixth - just ahead of BSV. The controversy stems from the circulating supply - CMC reports 25,927,070,538, while Nomics has the figure at 31,112,484,646.

Nomics CTO Nick Gauthier pointed out that the difference comes from the fact that his company includes ADAs allocated to the Cardano Foundation, IOHK, and Emurgo in the circulating supply, while, apparently CMC does not.

Based on the current ADA price, these tokens are worth about $590 million.

The question still arises of whether these tokens should be included in the circulating supply.

Presumably, some of the tokens have been spent and thus have become part of the circulating supply.

Regardless of the circulating supply issue, ADA has been on a remarkable bull run that ensued after Black Thursday.

At that time, the price of ADA was $0.024; as of this writing, it is $0.114.

IOHK, the Cardano development company, has reached a number of key milestones and public announcements during this time.

There was also news about ADA holders being able to stake their coins while in Coinbase custody, and speculation on the likelihood of it being listed on the exchange by the end of 2020.

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