During the second week of October, bitcoin market values maintained prices between $ 54,000 and $ 57,000. Meanwhile, a myriad of alternative crypto assets have yet to see the gains that the main crypto asset has enjoyed over the past two weeks. For example, cardano was the third largest crypto market in terms of valuation, but after losing 4.8%, cardano slipped to fifth position last week.
Cardano goes from 3rd largest crypto market cap to 5th
Digital currency cardano (ADA) has made decent gains over the past 12 months as THERE ARE increased by 1,840.5% year-to-date. Even Kiss frontman Gene Simmons tell the world on October 10, why he invested $ 300,000 in cardano (THERE ARE) and how it has paid off for him so far. However, over the past month, THERE ARE is down 18% and 4.8% in the past seven days. THERE AREthe market capitalization of is not small and just below that of the stable tie (USDT) the overall valuation as Cardano’s market cap is around $ 68.1 billion on Wednesday.
THERE ARE On Wednesday, markets register around $ 1.9 billion in global trading volume, and the Binance crypto exchange currently captures the highest volume of cardano trading. Attached (USDT) is the best pair with cardano on Wednesday with 58.58% of all THERE ARE trades. This is followed by BTC (10.91%), USD (5.75%), BUSD (5.61%) and EUR (3.89%). Korean won in sixth place with 3.44% share THERE ARE exchanges, while ETH orders about 2.69% of gimbal exchanges today.
Cardano Prices Fall 30% From All-Time High
Cardano hit an all-time high on September 2, 2021, reaching $ 3.09 per unit, but is now down more than 30% since that day. THERE ARE is currently trading prices just above the $ 2 handle and the crypto-asset coin binance (BNB) now holds the third position in terms of market capitalization. Despite the dive to fifth position, gimbal still captures 2.86% of the entire $ 2.386 billion crypto-economy among more than 10,000 existing digital assets.
THERE ARE must gain more than 15% in value to claim third position in the market – BNBthe market valuation of $ 77.7 billion. However, the market cap of the crypto asset is only 2.34% lower than Tether’s overall market valuation of $ 69.8 billion. What’s more, THERE ARE isn’t the only crypto smart contract that’s taken a hit lately. Solana (SOL) is down 10% this week, terra (LUNA) slipped 18.7% and Avalanche (AVAX) lost 14.3% last week.
What do you think of cardano’s stock market performance last month? Let us know what you think of this topic in the comments section below.
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