Cardano Increased by 5% and Returned to the Top 7, Surpassing XRP and Luna


When bitcoin and most large cap stock allies stagnated from yesterday, Cardano took advantage of the advantages to surpass ripple and Terra to become the seventh largest cryptocurrency.

Bitcoin made a swing at $47000, but failed on track, and soon recalled about $1000. With the exception of Cardano, most altcoins are not typically stable. ADA has drawn an impressive daily growth chart and has returned to the top seven digital assets by market value.

Bitcoin Failed at $47000

It was just a week ago that bitcoin launched a significant leg rise, in which it soared from less than $45000 to less than $48000. A day later, the asset even jumped above the latter and drew the highest price tag in three months.
However, it failed to continue to rise and consolidated between $47000 and $48000 for several days. Late Thursday and early Friday, things changed, with BTC selling thousands of dollars to a multi day low of $44000.

At this time, bulls began to play a role, pushing bitcoin to the north. Within a few hours, the cryptocurrency had recovered most of its losses and was close to $47000 again. After another short correction in the past 24 hours, BTC soared above this specific level, but the bear market intercepted the action and pushed it to the south.

So far, the price of BTC is slightly higher than US $46000, and its market value is still far lower than US $900 billion.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView


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Cardano Returned to the Top 7

After the recent price turmoil, most of the altcoin space has calmed down. Ethereum marked a three-month high above $3500 a few days ago and has remained near this level since.
Binance coin, dogecoin and Shiba Inu are slightly green from alts with large market capitalization. In contrast, Solana, Terra, ripple, avalanche, Polkadot and cro all experienced slight price declines.

Cardano is the biggest gainer among the top 10 digital assets, with a daily increase of nearly 5%. Therefore, ADA is above US $1.20 and has become the seventh largest cryptocurrency in market value.

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