Cardano (ADA) flips Solana (SOL) by market cap to become the 5th cryptocurrency

Cardano (ADA) flips Solana (SOL) by market cap to become the 5th cryptocurrency
фото показано с : invezz.com

2022-1-20 17:01

This week, Cardano has been making major gains despite the rest of the coins reporting sluggish performances. Cardano (ADA/USD) now ranks as the fifth-largest cryptocurrency with a market capitalization of around $50 billion, according to CoinMarketCap.

Cardano’s value has gained from $1.15 on January 11 to around $1.49 at the time of writing, reflecting a weekly gain of around 32%.

Cardano regains the fifth spot

Following the price gains registered by Cardano, the token has managed to flip Solana’s market cap. Solana’s market cap currently stands at around $43 billion, making it the seventh-largest cryptocurrency.

Besides gaining in value, Cardano is also recording high transaction volumes. At one point, the transaction volume for Cardano surpassed that of Ethereum. However, this has since dropped, with ADA’s trading volumes standing at $5.07 billion at the time of writing.

#cardano $ada is the number two blockchain in transaction volume in the last 24 hours 🤯https://t.co/HaCzkGSnZL

— Lark Davis (@TheCryptoLark) January 17, 2022

ADA has not been spared from the recession recorded across the broader cryptocurrency market despite the gains made. At the time of writing, the token had dipped by around 3.2%. However, it has retained most of its weekly gains.

Several factors attributed to ADA’s rally

Cardano is among the network believed to be Ethereum killers. In September 2021, Cardano launched the Alonzo hard fork that brought smart contracts to Cardano. Some of the protocols that have announced plans to launch on the network include SundaeSwap, Ardana, CNFT.IO, Maladex and MELD.

One of the factors that could be triggering ADA’s rally is the recent announcement by SundaeSwap that it would be going love on Cardano’s mainnet.

“The moment we’ve all been waiting for has finally come! We’re excited and proud to share that SundaeSwap and the ISO will be launching on the evening of Thursday, January 20 (EST),” SundaeSwap said.

Cardano has also had its first venture into the metaverse. The metaverse is one of the hot spaces in the crypto spaces, and last week, Cardano announced plans to support the metaverse.

The Pavia project on Cardano will function similarly to Decentraland and The Sandbox. The project will commercialize virtual land and allow the holders of these lands to personalize their experiences and create their own virtual worlds.

The post Cardano (ADA) flips Solana (SOL) by market cap to become the 5th cryptocurrency appeared first on Invezz.

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$ 0.8974 (+0.25%)
Объем 24H $1.105b
Изменеия 24h: -1.11 %, 7d: -17.51 %
Cегодня L: $0.8775 - H: $0.9214
Капитализация $31.523b Rank 9
Цена в час новости $ 1.3405 (-33.05%)

cardano cryptocurrency market ada ranks usd performances

Источник: invezz.com

cardano cryptocurrency → Результатов: 126


Cardano Price Analysis ADA / USD: Taking The Leap

Cardano is preparing for a short-term technical breakout from a neutral triangle pattern on the four-hour time frame The popular cryptocurrency remains technically weak across the medium-term horizon Cardano has opened the new trading weaker under renewed downside pressure and is currently the worst performing cryptocurrency inside the top twenty cryptocurrencies by market capitalization.

2019-8-27 16:09


Фото:

Blockchain Board of Derivatives (BBOD) Rates Cardano (ADA) As ‘Accumulate’ in Its Fundamental Analysis

Cardano (ADA) is a decentralized blockchain protocol that addresses the challenges gripping existing networks by utilizing scientific research and philosophy at its core, said the Blockchain Board of Derivatives (BBOD) on its official research blog that analyzes a number of blockchain projects published on April 2.

2019-4-5 15:34


Cardano (ADA) and Binance Coin (BNB) Are the Only Top 10 Crypto With ~50% Real Trading Volume According to OpenMarketCap

A new Reddit thread trending on the Cardano cryptocurrency subreddit raises some interesting statistics about fake crypto exchange volume,… The post Cardano (ADA) and Binance Coin (BNB) Are the Only Top 10 Crypto With ~50% Real Trading Volume According to OpenMarketCap appeared first on Invest In Blockchain.

2019-4-3 20:33


Cardano’s Charles Hoskinson says the cryptoverse is looking for a WiFi or a Bluetooth moment

Cardano [ADA] Founder, Charles Hoskinson recently said that the cryptocurrency industry was looking for WiFi or a Bluetooth moment. Drawing parallels between cryptocurrency and its underlying technology’s revolution to existing technologies like WiFi and Bluetooth, Hoskinson said that the industry is not on the same level yet.

2019-3-30 08:35


Cardano [ADA] price set to bounce off resistance and head downwards; Here are the important levels to look out for

Cardano, the tenth largest cryptocurrency on CoinMarketCap had a decent rally over the past few days. The price of the cryptocurrency surged by 133% since December 16, 2018. However, the rally seems to be coming to an end as price candles have formed at the end of the ascending channel/rising channel.

2019-3-28 16:45


Shortly after it was greeted with Disapproval from Cardano’s founder, CEO of Binance speaks on the JP Morgan and Facebook Cryptocurrencies

Upon the announcement of the inclusion of cryptocurrency to social media giant Facebook alongside the recent involvement of top U. S bank JP Morgan in cryptocurrency, the entire crypto-community has welcomed the news with mixed reactions, most of which were of opposition.

2019-3-10 23:03


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