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- ADA’s price participated in the market’s relief rally in the last 24 hours.
- The Ethereum killer’s price received a 10+% boost according to CoinMarketCap.
- The altcoin was also able to outperform both BTC and ETH over the last 24 hours.
After a very rocky past week for the crypto market, many people looking at CoinMarketCap today are relieved to see that many cryptocurrencies are once again showing some signs of life. One of these cryptos is Cardano (ADA).
Cardano / Tether US 1D (Source: TradingView)
The Ethereum-killer has had a successful 24 hours as it experienced a price increase of more than 10% over the last 24 hours, to now trade at $0.3393. ADA was able to reach a high of $0.3431 and a low of $0.3056 over the same time period.
ADA also strengthened against the two biggest cryptocurrencies in the market, Bitcoin (BTC) and Ethereum (ETH), by about 1.53% and 1.87% respectively over the last day. The altcoin’s success over the last 24 hours has had a positive impact on its weekly performance as it is now up by more than 1% over the last seven days. When it comes to the longer time frames, ADA is still in the red by more than 5% over the last month.
The 24 hour trading volume for ADA is in the green zone and now stands at $532,136,283 after an almost 60% increase since yesterday. In terms of market cap, the Ethereum-killer stands at $11,771,605,713, which makes it the seventh biggest crypto in terms of market capitalization.
This places ADA right behind Ripple (XRP) in the sixth position and in front of Polygon (MATIC) which is ranked eight on the list of the biggest cryptos. ADA’s performance over the past day was so eye-catching that the altcoin earned a spot on CoinMarketCap’s trending list.
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