Cardano (ADA) has risen by more than 14% in the past week, setting the right example for the rest of the crypto market.

Rally crypto’s

The crypto market has experienced a week-long rally, with 9 of the top 10 cryptos rising. The total market capitalization of crypto has jumped by 7.1%, with significant increases among the major players. Chainlink was the only loser in the top 10 this week, but its recent performance has eased concerns.

It was a week before the bulls, prices shot up across the board, reports DailyCoin. Remarkably, nine of the top 10 cryptocurrencies enjoyed significant gains. The bullish sentiment suggests that the positive trend may continue in the coming weeks.

Cardano’s ADA token emerges as the undisputed champion, up 14.2%. This remarkable increase set the tone for the week, with other major players following suit. Ethereum, the world’s second-largest cryptocurrency followed with 11.4%, marking the end of double-digit gains for the week.

The positive sentiment is spreading across the market, with a healthy 7.1% increase in the total crypto market capitalization. Binance Coin (BNB), Tron (TRX) and Bitcoin (BTC) all showed solid performances, with gains of 9.6%, 8.4% and 7.5% respectively.

Even the bottom of the leaderboard saw positive momentum. XRP, Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX) all posted respectable gains, ranging from 0.5% for Avalanche to 5% for XRP. Solana and Dogecoin experienced increases of 2%, rounding out the winning group.

While most of the top 10 were bathed in the bullish glow, Chainlink’s LINK token stood as the only loser on the boards, down slightly by 1%. However, given his recent strong performance, this breather is hardly a cause for concern. In fact, despite the minor setback, LINK continues to reign supreme as the top gainer over the past 30 days.

The winners

This week was largely green for the major cryptocurrencies, with almost all cryptocurrencies gaining ground. Here’s a breakdown of how the top 10 coins fared, ranked by highest percentage change.

  • ADA rose 14.2% from $0.548 to $0.626
  • ETH rose 11.4% from $2,513 to $2,800
  • BNB rose 9.6% from $321.57 to $353.44
  • TRX rose 8.4% from $0.124 to $0.135
  • BTC rose 7.5% from $48,130 to $51,720
  • XRP rose 5% from $0.5295 to $0.5565
  • SOL rose 2% from $109.35 to $111.65
  • DOGE rose 2% from $0.0819 to $0.0836
  • AVAX rose 0.5% from $39.95 to $40.25

Loser

LINK fell 1% from $20.03 to $19.83

This is just a snapshot of current market conditions at the time of writing. Crypto prices fluctuate constantly, so it is important to do your own research before making any investment decisions.

Source: https://bitcoinmagazine.nl/nieuws/cardano-ada-stijgt-14-terwijl-de-cryptomarkt-met-7-klimt



Leave a Reply