Cardano Surpasses Bitcoin As The Most HODL’d Crypto Asset On eToro

Cardano Surpasses Bitcoin As The Most HODL’d Crypto Asset On eToro
фото показано с : zycrypto.com

2021-7-7 14:10

Most American-based eToro users now prefer trading and holding Cardano’s ADA over Bitcoin according to new data shared by eToro. ADA was only the third most popular asset among these buyers in the second quarter of 2020 and the new ranking proves how popular it has become. 

This has probably been propelled by renewed enthusiasm around the cryptocurrency given the latest rounds of announcements from and value addition by Cardano, without forgetting a publicly expressed support from Tesla founder and CEO Elon Musk.

A large part of enthusiasm around ADA is related to the launch of the Alonzo smart contract testnet. The enthusiasm is expected to grow even bigger towards and after the full implementation of the staking feature this summer. Currently, more than $33 billion worth of ADA tokens has been staked on the smart contract by users who want to be able to earn passive income by staking the cryptocurrency.

Cardano is expected to be a strong competitor for Ethereum. It is a competition some call a marathon and not a race. When Cardano’s smart contracts launch in August, the blockchain will be able to process 1 million transactions per second.

In comparison, Ethereum will be capable of processing 100,000 transactions per second once its proof of stake is fully implemented. Yet unlike the latter, the former is built to support proof of stake from the word go.

Cardano has also been strengthening given recently increased investor interests and institutional acceptance alongside the big two – Bitcoin and Ethereum. Grayscale, for instance, recently announced adding ADA to its investment fund (Grayscale Digital Large Cap Fund (GDLC) basket for investors. ADA is now the third-largest held crypto in the portfolio after Bitcoin and Ethereum.

Grayscale said it made the move given ADA’s recent price gains and increased demand from investors. The firm had to liquidate some of the fund’s portfolio to reinvest it in ADA. In fact, the price shot up by 9% in three days following the announcement and has been responding positively since then.

ADAUSD Chart By TradingView

The second most preferred cryptocurrency by eToro US traders and investors is Dogecoin, which has not hit this chart for the entire past year, followed by Tron, Ether, and Bitcoin. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

eToro United States Dollar (USDEX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 USDEX

etoro asset cardano ada new bitcoin popular

Источник: zycrypto.com

etoro asset → Результатов: 54


eToro Nudges Investors Towards Crypto Trading as They Consider Portfolio Diversification

Cryptocurrencies have been consistently outperforming themselves in recent days, turning into one of the hottest asset classes out there in the global financial market. Their performance has ensured complete attention from traders and investors who are now actively looking for ways to further diversify their portfolios with cryptocurrencies. The trend is quite evident by the […]

2021-1-19 12:26


Digital Asset Trading Platform eToro Rolls Out Cardano (ADA) And Tron (TRX) Staking Service; More Crypto’s to Come

Popular trading platform, eToro, announced on Thursday that it would provide staking rewards for cryptocurrencies starting with Cardano (ADA) and Tron (TRX). The multi-asset exchange stated that clients that own these cryptocurrencies, ADA, or TRX, would have a chance to earn rewards by staking, which will be paid out monthly.

2020-10-2 00:16


eToroX Launches New Blockchain Programming Language, Lira, To Aid Digital Asset Derivatives Trading

The cryptocurrency wing of social trading platform eToro, eToroX, announces a new programming language that aims to ease retail and institutional investment of derivatives on the platform. The chief blockchain specialist on eToroX revealed the development of the new language, Lira, during the Ethereal Summit in Tel Aviv 2019. eToroX launches Lira programming language to […]

2019-9-16 16:51


eToro partners with NapoleonX, France’s first regulated cryptocurrency asset manager

Mass adoption of cryptocurrencies has been the major focus of proponents and users of the field. The latest move by a French cryptocurrency organization is a step in the right direction. eToro, the cryptocurrency trading platform, announced that its partnership with the Napoleon Group which will launch NapoleonX, France’s first regulated cryptocurrency asset manager.

2019-5-2 23:30


Фото:

eToroX Launches Crypto Exchange Supporting 8 Fiat-Stablecoins And 6 Cryptos

eToroX, the blockchain and tokenized asset subsidiary of European brokerage company eToro, has announced the launch of its crypto exchange platform. At launch, the trading venue will support eight fiat-stablecoins, namely eToro New Zealand Dollar (NZDX), eToro Japanese Yen (JPYX), eToro Swiss Franc (CHFX), eToro United States Dollar (USDEX), eToro Euro (EURX), eToro Pound Sterling […] The post eToroX Launches Crypto Exchange Supporting 8 Fiat-Stablecoins And 6 Cryptos appeared first on Coinjournal.

2019-4-17 21:11


Фото:

Cboe Will Not Relist Bitcoin Futures Contracts for March

The Chicago Board Options Exchange (Cboe) announced that it will not list upcoming Cboe Bitcoin (“XBT”) futures contracts for trading in March 2019. The Cboe Futures Exchange said that the company is “assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading,” stating that it has no intention to list additional contracts for trading relating to the cryptocurrency.

2019-3-16 01:00


Fidelity и eToro отрицают риски удешевления криптовалют. Два крупных криптоигрока развивают бизнес

Уходящая неделя поставила точку в разговорах о том, «а не сказывается ли негативным образом на криптосфере длительное нахождение ключевых криптовалют в минусе от своих максимумов на 80-90%?» Очевидно, что нет.

2019-3-10 14:47


eToro Survey Shows Investors Interest in Crypto Asset Education is Growing Stronger

Although there we are in a bear market since the beginning of the current year, the interest in learning about cryptocurrencies remains. According to a new survey from eToro U.S., one of the largest trading platforms in the market, education is a key barrier that prevents investors from purchasing Bitcoin (BTC) and other digital assets. […]

2018-12-18 22:30


Фото:

eToro Partnership Sees Binance Coin Exchangeable For Fiat For First Time

Cryptocurrency exchange Binance today saw its in-house token Binance Coin (BNB) become available to buy and sell with fiat currency for the first time. BNB Leaves The Crypto Realm In a partnership with UK-based trading platform eToro, the exchange will open up its token, which traders can use to pay fees, to direct exchange against the euro, British pound, US dollar or Japanese yen.

2018-10-29 22:00


дальше еще 5 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

MrBeast faces allegations of crypto insider trading

MrBeast allegedly made $23 million from insider trading in crypto projects. He reportedly used 50 wallets to promote and dump tokens, misleading investors. Evidence includes a publicly shared Ethereum address linked to $13 million in trades.

Bitrue gets Virtual Asset Service Provider approval in Lithuania

Bitrue has received VASP approval in Lithuania to offer crypto exchange services. The company aims for EU expansion by pursuing the Markets in Crypto-Assets license. Lithuania plans regulatory changes to reduce the presence of crypto firms in the country.

Bitpanda eyeing a potential initial public offering (IPO)

Bitpanda is considering a potential IPO in Frankfurt, backed by Peter Thiel. The company reported €100 million in Q1 2024 revenue, rebounding from previous losses. Discussions are ongoing, with a possible timeline for the IPO set for 2025.