Cardano’s ADA Hits 3-Year High as Bets on Ethereum Rivals Boom
Cardano’s native asset ADA was among the best performers on Wednesday as bulls pushed its price up by more than 18 percent. The fourth-largest cryptocurrency hit $0.87, its highest levels in more than three years, as traders increased their bids for top Ethereum rival assets. They include Polkadot’s DOT (+5%), Avalanche’s AVAX (+60%), Chainlink’s LINK […]
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The cost to purchase one Ethereum (ETH) token surged to its two-year high in the days leading up to its transformation into a proof-of-stake asset. The ETH/USD exchange rate [almost] hit $600 on Monday following a 6.21 percent upside move, its highest level since May 2018. Traders apprehensively increased their bullish bets on the pair […]
Cardano’s Mary upgrade and token gains are poised to compete with Ethereum, while metrics suggest that Ethereum is still king. The Cardano Foundation's coin ADA, hit its all-time high of $0.97 on Feb. 12, having started the year trading at $0.18, thus entailing 438% gains year to date. Apart from the macro trends in the cryptocurrency industry driving up the price of flagship assets, such as Bitcoin (BTC) and Ether (ETH) translating to other altcoins, such as LINK, DOT, etc., Cardano’s growth could also be attributed to the network updates that Cardano has been running on its blockchain....
With the cryptocurrency market struggling with heightened volatility, the Cardano price has failed to bounce back strongly, sitting below the $0.30 level. Meanwhile, bearish sentiment around the leading altcoin has intensified, with investors betting steadily on a downward move rather than an upside trajectory in the short term. Bearish Bets On Cardano Climb Sharply Cardano’s […]
Ethereum has made significant strides in its price this past year. The number 2 cryptocurrency by market cap has returned over 300% returns year-over-year and yet continues to outperform in the market. A good percentage of the digital asset’s value has come from the decentralized finance boom. Being the top smart contracts platform, Ethereum maintains […]
XRP was among the biggest gainers in the cryptocurrency market on Tuesday, even as most of its top rivals, including Bitcoin, experienced major sell-offs. The Ripple blockchain’s native token surged up to 19.46 percent to an intraday high of $0.52 during the Asia-Pacific session. While it failed to extend its upside bias any further, leading […]