Cardano (ADA) is back to the third place in the crypto market

Cardano (ADA) is back
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Cardano (ADA) is back to the third position of the main crypto coins in the market

Cardano (ADA) returned to occupy the third position in the ranking of the main cryptocurrencies in the market, after going through a moment of intense appreciation, according to data from CoinGecko. The cryptocurrency is quoted at US$1.44, after rising approximately 15% in the last 24 hours.

With the rise in prices, the ADA passed Binance Coin (BNB) and Tether (USDT) in market value. At the moment, the capitalization of the asset is around US$46.2 billion, behind only Bitcoin (BTC) and Ethereum (ETH).

Despite the recent appreciation, Cardano (ADA) did not break the price record set on February 27, which was $ 1.48, according to CoinGecko. This was equivalent to R $ 6.61, at the time quote.

Cardano (ADA) is back to the third position of the main crypto coins in the market

Cardano is listed on Coinbase and Bloomberg Terminal

Cardano’s listing on Coinbase Pro is seen as one of the main reasons for the appreciation of crypto. Coinbase is one of the largest cryptocurrency exchanges in the world.

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The listing was announced last Tuesday (16), and the negotiations opened on Thursday, at 9:00 am Brasília. Along these lines, it is common to see the price of crypto assets rise when they are added to major brokerages. The listing alone attracts attention and expands investors’ access to assets.

In addition, last Monday (15), the ADA was listed on the Bloomberg Terminal. This is a tool used by investors around the world to monitor global markets.

Many of the investors using the Bloomberg Terminal are used to the stock market. For this reason, several of them do not know altcoins like the ADA. Thus, the listing is seen as something that can bring more interest in the asset.

Cardano is seen as a direct competitor to Ethereum. Like the rival, its blockchain is used as for drafting smart contracts. The project’s developers define it as the first to be based “on a scientific philosophy and formulated through research.”

READ more:  Mark Cuban praises Cardano but says he has yet to see the currency usefulness

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The information expressed in this article is solely those of the author and do not necessarily reflect the vies of CryptoDeFinance.  Each and every investment and trading move involves high risk. You should always conduct your own research when making a decision in crypto investment.
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Ana Teixeira

Hi! I am Ana and I am a crypto enthusiast. Enjoy my articles, share them and don't forget to drop a comment. If you like us and our news, share the posts and comment. Your visit and interaction is very important to us.
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Bitcoin (BTC) $ 42,084.00
Ethereum (ETH) $ 2,855.11
Cardano (ADA) $ 2.04
Binance Coin (BNB) $ 354.04
Dogecoin (DOGE) $ 0.207076
Polygon (MATIC) $ 1.09
PancakeSwap (CAKE) $ 18.35
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