$ADA $XRP $ADA, the native token of the Cardano blockchain, plays a vital role in powering its proof-of-stake network. Holders stake ADA to secure the network and earn rewards, contributing to its decentralized governance. Cardano’s focus on scalability, sustainability, and interoperability sets it apart, with ongoing developments like Hydra aiming to boost transaction speeds. While ADA reached significant highs during the 2021 bull run, recent market fluctuations have tested investor confidence. Supporters remain optimistic about Cardano’s long-term potential, especially as more decentralized applications and smart contracts are deployed. However, competition from faster, more adopted blockchains remains a challenge for $ADA’s growth.