Charles Hoskinson dismisses criticism of Cardano’s (ADA) market cap

Cardano (ADA) founder Charles Hoskinson has dismissed criticism of the cryptocurrency’s market capitalization after it briefly surpassed Binance Coin (BNB) to become the third-largest cryptocurrency by market capitalization.

Cardano’s price exploded over 1,400% last year and is now trading above $2.17 according to available data, partly because it’s soon launching an upgrade to its network that will roll out smart contracts.

Bringing smart contracts to Cardano will allow the cryptocurrency to compete with other networks such as Binance Smart Chain and Ethereum and potentially capture some of the interest surrounding the decentralized finance (DeFi) space.

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