The relatively less-known cryptocurrency (virtual currency) Carnado (Eida) has been emerging as a total of 100 billion dollars (117 trillion dollars) in the cryptocurrency industry, with daily rallies on the verge of a total of 117 trillion dollars.

As of 6 a.m. on the 24th, Cardano jumped 14.42 percent from 24 hours ago to $2.94 on Coin Market Cap, a global coin market relay site (based on Korean time. This is an all-time high. Cardano jumped 39.80 percent in the last seven trading days.

As a result, the market capitalization also recorded 93.7 billion dollars, which is on the verge of surpassing 100 billion dollars. Only Bitcoin ($930.6 billion) and Ethereum ($391.5 billion) have cryptocurrencies with market capitalization exceeding $100 billion.

Cardano is a blockchain platform and has its own internal cryptocurrency called ADA.

The token is named after Augusta King, Countess of England in the 19th century. He is considered a mathematician and the first computer programmer. Famous for being the daughter of Sir Byron, a British poet of descent.

Cardano was founded in 2015 by Ethereum co-founder Charles Hawkins, and the coin trade began in 2017.

Cardano adopts an equity proof approach that is considered a greener alternative. Proof of equity is a way to save electricity in mining by creating easy problems for people with more cryptocurrency.

Recently, eco-friendly coins have been in the spotlight in the cryptocurrency industry after Tesla CEO Elon Musk canceled payment for Tesla's electric vehicle because he ate a lot of electricity.

The power to mine Bitcoin is comparable to that of most European countries. As a result, coins that consume less electricity have recently become popular.

The reason why Cardano has been soaring recently is because of expectations for upgrading "Alonzo" that introduces the "Smart Contract" function.

"We will start upgrading Alonso within the next month (September 12)," said Nigel Hemsley Cardano, a public relations officer.

If Alonzo is upgraded, various application services such as digital asset loans and depi (decentralized financial) platforms that support transactions will be available.

Another reason why Cardano is soaring is because it will be listed on the Japanese exchange starting Aug. 25. Japan's cryptocurrency exchange is considered one of the strictest entry standards.

This means that Cardano is on par with cryptocurrency powerhouses such as Bitcoin and Ethereum in Japan.

Bloomberg News of the U.S. evaluated that if Cardano exceeds 100 billion dollars in market capitalization, it can challenge the stronghold of Bitcoin and Ethereum, and Cardano is developed as an eco-friendly coin that eats less electricity and has ample room for future rise.