Friday, December 4, 2020
No menu items!
  • News
  • Cryptocurrency
  • Contact Us
More

    Cardano (ADA) Makes Biggest Run among Top 20 Cryptocurrencies; Reclaims 10th Position

    Must Read

    Over 1,000,000 ETH worth More Than $600,000,000 Locked In Ethereum 2.0 Deposits Contract

    According to the data provided by Etherscan.io, 1,000,000 ETH worth more than $600,000,000 at press time, has been locked...

    Ripple Is Planning To Massively Expand XRP Remittance Platform in 2021

    According to Ripple’s senior vice president of product management and corporate development, Asheesh Birla, the payment firm is planning...

    David Schwartz Says XRP Community Could Force Ripple To Burn Its Over 50 Billion XRP

    Ripple CTO David Schwartz has recently pointed out that the XRP community could force Ripple to burn the over...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    According to CoinMarketCap Data, Cardano (ADA) has displaced Crypto.com Coin (CRO), to reclaim the 10th position it lost after bears hit the crypto market, plunging all the top digital currencies in the process, including Bitcoin (BTC).

    Cardano (ADA) Reclaims 10th Position

    The price of Cardano (ADA) has been displaying outstanding performance since the CEO of IOHK, Charles Hoskinson, hinted at the possible date of the launch of Shelley, the upgrade expected to bring about the full decentralization of Cardano network.

    A few weeks ago, ADA, the native token of Cardano, made a big run to displace digital currencies, in its quest to be numbered with the top 10 digital currencies.

    However, there was a twist after a huge price crash that affected virtually all cryptocurrencies in the market, which briefly ended ADA’s stay in the 10th position about three days ago.

    Presently, the cryptocurrency market is experiencing price rally, and Cardano (ADA) is so far the best performer among the top 20 digital coins, displacing Crypto.com Coin (CRO) to reclaim its lost position.

    If Cardano (ADA) maintains the price uptrend, there is a possibility of eventually displacing EOS that presently occupies the 9th position. At press time, the total market capitalization of EOS is $2,380,483,873, and trading at $2.55, with a 2.68% price increase in the last 24 hours.

    On the other hand, Cardano (ADA)’s total market capitalization stands at $2,045,047,057, and trading at $0.078877, with a 10.39% price upsurge based on 24 hours estimation.

    Cardano (ADA) Makes Biggest Run among Top 20 Cryptos; Reclaims 10th Position
    Courtesy of CoinMarketCap

    This development shows that ADA only needs about $340,000,000 to finally displace EOS, and the consolidation of the present price rally could make it happen.

    Conclusively, the integration of Shelley testnet to mainnet is expected to happen very soon. Many cryptocurrency analysts believe that the upgrade could enhance the price growth of Cardano (ADA).




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Over 1,000,000 ETH worth More Than $600,000,000 Locked In Ethereum 2.0 Deposits Contract

    According to the data provided by Etherscan.io, 1,000,000 ETH worth more than $600,000,000 at press time, has been locked...

    Ripple Is Planning To Massively Expand XRP Remittance Platform in 2021

    According to Ripple’s senior vice president of product management and corporate development, Asheesh Birla, the payment firm is planning to massively expand its XRP...

    David Schwartz Says XRP Community Could Force Ripple To Burn Its Over 50 Billion XRP

    Ripple CTO David Schwartz has recently pointed out that the XRP community could force Ripple to burn the over 50 billion XRP in its...

    Get Up To 100 USDT for Trading On Bitget Exchange. Here’s How to Apply

    According to a report, the Singapore-based deviation margin trading exchange, Bitget, is holding a new campaign that comprises Registration Gift and First Deposit Bonus...

    Charlie Lee: Litecoin (LTC) Visa Debit Card Is Now Open To All United States Residents

    As a report has it, Litecoin (LTC) Visa debit card can now be obtained by the holders of the digital token LTC that are...

    More Articles Like This