Categories: Altcoin News

Cardano [ADA] Ranks 9th Spot Sliding Down Tether [USDT] After Surging Over 15% Growth

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While Bitcoin looks better for the first time within four months, the other altcoins such as Cardano (ADA) is no longer left behind. At press time, Cardano (ADA) captured fresh position on Coinmarketcap after defeating Tether (USDT).

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Cardano Captures 9th Position

Cardano (ADA) has become the hottest cryptocurrency of recent times with a couple of new movements by its founder. At the movement, Cardano (ADA) ranks at 09th spot with a gain of 15.59% within 24 hours. According to data provided by Coinmarketcap, ADA is trading at the value $0.080 against US Dollar and standing at the average trading volume $2,090,374,627.

Source: Coinmarketcap

As Coingape reported, within a month of snatching TRON from its 10th spot, Cardano (ADA) continued pioneering the crypto market. To note, the latest value surge of Cardano can be seen on exchanges like ZBG, Binance, Huobi, Upbit, ZB.Com, HitBTC, OKEx, Bittrex, Bithumb and unlike. Moreover, the top 10 trading volume counts in a pair of ADA with Tether (USDT)and Bitcoin (BTC). Accordingly, USDT dragged down to 10th spot and managing the trading volume less than Cardano (ADA).

Source: Coinmarketcap

Meantime, the founder and creator of Cardano (ADA) often appeared across bulletins with his views, announcement, and predictions.

As such, in the latest interview with the Cheddar media, Cardano creator, Charles Hoskinson expressed his sentiment on the crypto industry. He states that ‘Industry is looking for its “Wifi or Bluetooth moment”.

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However, he might don’t think Justin Sun, Founder of Tron as a competitor, rather he actually admired him and said that he and Justin had dinner in Hong Kong. Additionally, Charles Hoskinson also revealed their new move of building infrastructure that would let users send information and value across the various system. He says that;

“Not just Bitcoin to Litecoin to Ethereum to Cardano – but also your regular bank account, your Chase account or your Wells Fargo account or your credit card. Somehow you can move seamlessly between these different systems and do cross-border settlements. Hoskinson continued, So that’ll happen. We’re part of that conversation. Part of it is innovation and part of it is pragmatism. Sometimes the best standard doesn’t win, so you as a builder have to be willing to integrate that into your system – whatever ends up happening.”

What do you think about Cardano enjoying new spot? Let us know your opinion 

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Tabassum

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

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