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Cryptocurrency News Articles
Cardano (ADA) Joins BTC, ETH in Weiss Crypto Elite Club
Nov 23, 2024 at 10:45 pm
Cardano (ADA), the core native cryptocurrency of the eponymous blockchain, celebrates its "A" category appearance in Weiss Crypto ranking.
Cardano (ADA) has joined Bitcoin (BTC) and Ethereum (ETH) in the elite "A" category of the Weiss Crypto rating, marking a significant achievement for the ninth largest cryptocurrency. This ranking is based on a combination of factors, including technology, adoption, market performance, and risk assessment.
According to the latest update from Weiss Crypto on Nov. 22, 2024, Cardano (ADA) received an overall grade of "A". Breaking down the grades further, the project received an A- for Technology/Adoption ("Good" adoption and "Excellent" technology) and B for Market/Performance, which includes "Good" risk and momentum in the ADA price performance.
The new ranking also placed Algorand (ALGO), Avalanche (AVAX), Celestia (TIA), Pendle (PENDLE), Solana (SOL), Dogecoin (DOGE), Render Token (RENDER), XRP, Stellar (XLM), Arbitrum (ARB), Chainlink (LINK), Fantom (FTM), Litecoin (LTC), Tron (TRX), Toncoin (TON) and ZCash (ZEC) in the B category.
Meanwhile, Arpa (ARPA) and Veracity (VRA) dropped to D-category ranking in the latest update.
As reported by U.Today earlier this year, Cardano (ADA) is among the potential candidates for spot ETF approval in the U.S.
According to analyst Nate Geraci, ADA and AVAX would join XRP and SOL in the altcoin ETFs race.
Cardano (ADA) hits all-time high in major DeFi metric
In the last 30 days, the ADA price price witnessed impressive growth, jumping from $0.33 to an unbelievable $1.1 per coin. The net ADA capitalization touched $40 billion.
Cardano's (ADA) price absolute high occurred in September 2021 when ADA soared over $3. At the same time, for the Cardano (ADA) DeFi ecosystem, this cycle already smashed through all records.
The total value locked across all Cardano's DeFi protocols hit a new ATH today at $621 million in equivalent, DefiLlama says. Almost half of this sum is locked in Liqwid and Minswap, two dominant Cardano DeFis.
Liqwid, Lenfi and Indigo are the fastest-growing Cardano DeFi protocols.
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- Global investment management firm VanEck has taken a significant step toward launching the first-ever spot Binance Coin (BNB) exchange-traded fund (ETF) in the United States.
- Apr 05, 2025 at 09:35 am
- The firm has officially registered a statutory trust for the proposed ETF in Delaware, a move that could open up new opportunities for institutional and retail investors
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- Fintech security company ATON announced on the 3rd that it has successfully established and officially opened a response system for NH Nonghyup Bank's real transaction testing of Central Bank digital currency.
- Apr 05, 2025 at 09:25 am
- The newly opened system serves as the core infrastructure for the 'Project Han River,' led by the Bank of Korea and financial authorities, and will be utilized for real transaction testing of deposit tokens involving 100,000 citizens until June 30.
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- Bybit Ordered to Take Down All Digital Platforms in Malaysia Within 14 Working Days
- Apr 05, 2025 at 09:25 am
- This came after Bybit said it would be pulling out of the French market. The exchange announced on December 17 that it would cease providing withdrawal and custody services to French consumers as of January 8, 2025.
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- Ripple (XRP) Surges as New SEC Administration Promises Crypto-Friendly Policies
- Apr 05, 2025 at 09:15 am
- This assumption is based on the fact that the rally was mainly driven by spot volume instead of "short-term speculative bets." This indicates that it might be not just a flash in the pan since the buyers likely have confidence in the token's "long-term potential."
