Cardano (ADA) Explodes 26.37% as Altcoin Market Cap Surpasses $3 Trillion

Several older cryptocurrencies, including XRP, Algorand (ALGO), Cardano (ADA), Hedera (HBAR), Litecoin (LTC), and Stellar (XLM), have experienced significant price gains in the past 24 hours.

Several older cryptocurrencies, including XRP, Algorand (ALGO), Cardano (ADA), Hedera (HBAR), Litecoin (LTC), and Stellar (XLM), have seen major gains in the past 24 hours.

Bitcoin (BTC) also showed strength, breaking above $91,000.

Data from CoinMarketCap shows the total cryptocurrency market capitalization exceeding $3 trillion. The total trading volume in the past 24 hours fell 12% to $196.28 billion.

While Bitcoin attempts to break $100,000, the altcoin sector has exploded, with ADA surging 26.37%.

At the time of writing, ADA is trading at $0.7316 with a massive market capitalization of $25.63 billion and a 176.41% surge in trading volume. In the past week, ADA’s price has increased 69.95% while jumping 108.27% in the past month. Additionally, Cardano is ranked ninth in the market and aims to dethrone XRP.

Performance Of Other Altcoins

LTC is trading at $84.26 at the time of writing with a 5.84% increase in the past 24 hours. The market cap of the digital asset stands at $6.34 billion while its volume stands at $1.19 billion. LTC is up 15.67% in the past week and 19.16% in the last 30 days.

XRP, on the other hand, has also risen 18.01% in the past 24 hours and trades at $0.9447 with a market cap of $53.76 billion. In the last seven days, the altcoin is up 73.17% while surging 69.76% in the past 30 days. However, the digital asset is up only 45.48% since November 2023.

Also read: Bitcoin Stalls, Ethereum Lags: Is It Time to Buy Crypto?

Stellar (XLM) price rose to $0.1523 after a 14.77% increase in the past day and its market cap stands at $4.56 billion. In the past week, the altcoin is up 50.83% while surging 58.77% in the past month.

ALGO and HBAR increased by 23.50% and 18.43%, respectively, in the past day. They currently trade at $0.1893 and $0.0773, respectively. ALGO has surged by 45.73% in the past week, while HBAR rose by 51.94%.

The above-mentioned figures are subject to change and might differ from other cryptocurrency tracking websites. The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.