Cardano is closing in on Bitcoin SV's status as the sixth-largest crypto

At the peak of the crypto bubble, Cardano was the fifth-largest cryptocurrency, believe it or not.

Near its peak, the cryptocurrency had a market capitalization in excess of $20 billion, only trading behind Bitcoin, Ethereum, XRP, and Bitcoin Cash.

The asset underperformed many of its altcoin peers as the speculative highs of the last crypto bubble become gruesome lows.

Cardano is about to surmount Bitcoin SV as the sixth-largest crypto.

Cardano's relative outperformance has allowed it to climb up the crypto rankings.

CryptoSlate data shows that the asset is a few million dollars away from passing the market capitalization of Bitcoin Satoshi Vision.

Cardano may soon be the sixth-largest digital asset, but some expect it to move even higher, both in terms of the crypto leaderboard and its actual value.

Selkis did not expand on why he thinks Cardano will rise so far and so far, but there are others that have weighed in.

The founder of the cryptocurrency Charles Hoskinson said that with the introduction of Cardano's "Shelley" upgrade, it will begin to combat some of Ethereum's market share as a smart contract platform.

Cardano also stands to rally because Shelley activates staking, which is the process of locking up one's cryptocurrency, thus participating in a blockchain's governance, which provides a yield to participants.