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Report: Cardano Ranks 26 In Global Top 600 Brands Outshining Bitcoin

Cardano, a blockchain developer, has the top position within the crypto sector as mentioned in unique reports dealing with worldwide brand intimacy. The rank of Cardano is 26 among nearly 600 brands and the platform occupies the top place in the industry of cryptocurrency, as MBLM (a brand relations organization) found out in its latest report.

BTC Outpaced by Cardano in worldwide Brand Intimacy

The report discloses that brand intimacy denotes the emotional linkage between the brands as well as their customers as well as the audience. Artificial intelligence (AI) as well as huge data has been used by MBLM to comprehend the customers’ linkage with a few of the leading brands within the world, taking into account Apple, Tesla, and Disney.

Within the nineteen industries examined, the spot crypto was among the top 10 and the leading was Cardano. Bitcoin came after it in 30th Position. On the other hand, the crypto brands like Solana and Uniswap were in 265th and 261st ranks. While comparing with the previous year, the surveys pointed out that Cardano counts as not just an exclusive inclusion but the chief among the brands providing financial services within this study.

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The Cardano co-founder, Charles Hoskinson, stated that the origin of the platform was based on the idea that everyone should be given equal chances to breathe in a just society. He added that Cardano operates on this via merit as well as decentralization. As per him, a good thing is that the venue does not need a founder, a specific country, or a certain culture. Hoskinson revealed that presently their ecosystem contains people from nearly 100 diverse countries.

The Cardano customers of the venue reacted to the raking of the venue that has outcompeted the brands such as eBay and Google. A consumer shared a tweet noting Cardano is not only a subject on which internet memes are made however it is in a group of big boys.

Cardano Moves toward Vasil Hard Fork Upgrade

The report’s reflections also brought to the front the influence of the worldwide pandemic as it revealed specified that an increase of up to 19% has taken place in the platform’s brand performance since in advance of the pandemic. The remarkable performance of Cardano is witnessed at the point when it is getting ready for a key upgrade named Vasil hard fork to minimize the costs, and transaction size and increase the network activity.

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Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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