It’s no doubt that Bitcoin is catching a bull run since the start of April 2019 – however, other altcoins such as Cardano (ADA) and Bitcoin Cash (BCH) is on their way to outperform the other coins.
The latest market cap of Cardano has skyrocketed which makes it today’s 8th largest cryptocurrency of the market. Consequently, Cardano (ADA) sees the growth of 5.5% and overtook long-standing Stellar (XLM) from its eighth spot.
Crypto market is running a bullish rally with Bitcoin Cash took over Litecoin and stands on 4th largest position, Cardano (ADA) also began touching the new highs. To sail in the top places of Coinmarketcap ranking, Cardano (ADA) first overtook TRON from the 10th spot, then Tether from its 9th position and then stellar from 8th position respectively.
According to the data from Coinmarketcap, ADA presently trades at the value $0.093 against US Dollar and drives the gain of 5.5% over the past 24 hours. In comparison to Stellar (XLM), the average market capitalization of ADA has surged to $2,416,131,194 against XLM’s average trading volume $2,388,887,348.
It’s worth to note that the soaring volume of Cardano (ADA) can be seen on ZBG, Binance, Huobi Global, Upbit, HitBTC, ZB.com, HitBTC, OKEx, and other exchanges. Nevertheless, the trending pairs of Cardano at these exchanges are USDT and BTC, few other includes KRW and ETH correspondingly.
Meantime, yet another exchange, Bitrue has announced ADA listing with multiple pairs. Reportedly, ADA cryptocurrency is the long-awaited listing at Bitrue which comes with the pair of XRP, BTC, and USDT.
Do you think Cardano outperforms Binance’s BNB token in terms of market capitalization? Let us know what you think.
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com