As Bitcoin trades over $5500 against US Dollar, there are three altcoins that are significantly becoming the hottest player in today’s market.
According to the data provided by Coinmarketcap, Bitcoin Cash (BCH), Cardano (ADA) and Tezos ( XTZ) are the top gainers of the cryptocurrency market today. Consequently, BCH is gaining 5.28 percent; Cardano sees 9.13% and Tezos records 11.20 percent gain over the past 24 hours.
Bitcoin Cash Hits 5.28% in 24Hrs
Besides the controversial BSV listing (a fork of BCH), the altcoin is flourishing in the crypto market. At press time, BCH is trading at over $300 against the US Dollar which also sees over 5 percent growth in 24 hours. Nevertheless, the coin sits at the fourth largest spot on the graph of coinmarketcap which apparently counts the average trading volume $5,409,571,317.
Cardano (ADA) Gains 9.13% in 24Hrs
Since the past few days, Cardano (ADA) is outperforming the other cryptocurrencies. Consequently, it had also overtaken TRON (TRX). Valuing as the 10th largest cryptocurrency in terms of market cap, ADA sees over 9.13% gain over the last 24 hours. Nevertheless, with an average trading volume of $2,080,892,602, ADA is trading at $0.080 against US Dollar.
Cardano (ADA) price spike comes in a wake of new state-back cryptocurrency revelation by ADA founder. In the latest AMA, CEO Charles Hoskinson says that their platform is developing a new cryptocurrency for Ethiopians. It would be state-back cryptocurrency as the team is working with the government of Ethiopia.
Tezos (XTZ) Records 11.20% in 24Hrs
XTZ is an exciting race to capture BSV’s spot which has unfortunately reduced due to past delisting debate by major exchanges. BSV which was on the 12th spot has sided down to 14th spot – and XTZ which presently sits on 15th spot with an average trading volume of $970,633,475 will likely cross BSV’s trading volume $1,031,836,698 very soon. As such, XTZ is jumping with 11.20 percent growth and currently trading at $1.47 against the US Dollar.
So readers, what’s your stake on influencing prices of these altcoins? Let us know in the comment below.