A Crypto enthusiast made the above statement. While the meaning of the statement is not clear, it could mean that Cardano (ADA) staying above Tron (TRX) in the cryptocurrency ranking could be much better for the crypto space.

Cardano’s Charles Hoskinson also hopped on the thread to throw a subtle shade at Tron by saying, “The dog barks; the caravan moves on” which another user also admitted he might be shading Justin, “Lol… I know for whom you are telling dog.. just baked sun haha”

Tron (TRX) has been the 10th largest cryptocurrency by market capitalization for a while now after tasting the 8th and 9th spots at the beginning of the year. Shortly after, it settled at the 10th spot and has been there ever since before ADA replaced it a few days ago.

ADA made an impressive move just last week gaining significant price surge. The surge has led to the market cap growth which made it overthrow TRX. ADA was given an “A” rating as a result of this growth by the Fundamental Crypto Asset Score (FCAS).

This sudden surge is tied to Cardano’s recent upgrade to Cardano 1.5. This upgrade significantly increased interest in ADA, prompting the price surge which led to the displacement.

It is surprising that despite Tron’s popularity and the active pursuit of same by the CEO Justin Sun, TRX has not been able to make any significant move up the ranking ladder. A recent report says thousands of Sun’s 1 million Twitter followers are bots, which may explain why the popularity isn’t yielding many positive results.

The Securities and Exchange Commission had earlier frowned at Sun’s way of publicity, saying he does not use innovation but rather a public campaign to get followers. Cardano, on the other hand, has been working on its upgrade which has finally paid off.

This may just be the beginning of the journey for Cardano as the company could be working on other projects quietly to make its project more useful to users. The gap in the market cap isn’t so large at press time though and Tron may reclaim its spot. However, this is already an indication that ADA may be heading high.

Currently, the top ten cryptocurrencies are in the red except for EOS but anything is possible when the market turns green so something interesting may be happening. ADA has crashed significantly from its huge gains to trade at $0.06 as against the $0.5 recorded two days ago. Will TRX take back its position from ADA or it is out of the elite top ten for good?

The post Crypto Enthusiast – “As long as ADA ranks above Tron, there is hope for this world”, Cardano’s Hoskinson Concurs appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

220 +