Cardano knocks out Tezos from top ten cryptocurrencies

by in Cryptocurrency News


Altcoin Cardano (ADA) has fixed itself on the tenth line of the rating of the most comprehensive digital currencies according to the CoinMarketCap service. From this position, he knocked out a Tezos coin (XTZ), which for a long time, confidently stayed in the top ten.

Today, Cardano's capitalization has exceeded $2.19 billion. Over the past 24 hours, ADA has risen in price by almost 9% to $0.084.

The altcoin has shown the best results from the largest digital assets. The closest competitor to Cardano is EOS, whose capitalization now exceeds $2.513 billion.

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ADA climb began late last month. On May 31, the coin reached an annual high of $0.087. These days there has been increased activity of users of the Cardano network. Then the number of transactions began to decline, and the coin receded.

Analysts at the Santiment platform believe that altcoin is currently consolidating. However, there are fears that the “bearish” sentiment will soon become dominant, as ADA most likely reached the limit of growth.

Other cryptos today are also mostly traded in the green zone. Bitcoin exceeded $9600. Ether (ETH) reached $241, over the last 24 hours, the largest altcoin grew by more than 3%.