Cardano (ADA) Price Rises As It Overtakes Bitcoin (BTC) On A Key Ranking

A report by Brand Intimacy has ranked Cardano the number one crypto brand globally. It has flipped popular coins like Bitcoin, Solana, Ethereum

Cardano price soared on Tuesday after overtaking Bitcoin in a key ranking.

This comes a day after ADA formed a morning star pattern amid the crypto crash.

Could this be the start of a major bull run that will push ADA to $1.5?

Cardano price soared on Tuesday, a day after it formed a morning star pattern as the crypto crash intensified. This rebound also happened after Cardano overtook Bitcoin in a key ranking. So, will this be the start of a major ADA bull run that could push it to the psychological point of $1.5?

Cardano Price Rises As It Overtakes Bitcoin On A Key RankingA report by Brand Intimacy has ranked Cardano the number one crypto brand globally. It has flipped popular coins like Bitcoin, Solana, Ethereum, and Ripple. Its report also ranks Cardano as the 26th corporate brand globally, making it more popular than popular firms like Walmart, Toyota, AMD, Ubisoft, and Home Depot.

Cardano Ranking Overtakes Bitcoin

The report based its data on key areas like indulgence, fulfillment, ritual, identity, enhancement, and nostalgia. It then uses big data and artificial intelligence to identify a quotient figure, in which case is 52.6 compared to Bitcoin’s 51.9.

Still, Bitcoin remains a better-known brand in the crypto industry with a market cap of almost $2 trillion compared to Cardano’s $34 billion. Also, DeFi Llama says Bitcoin has over 730,000 active addresses compared to Cardano’s 31,000. Bitcoin also has a total value locked of $6.52 billion compared to Cardano’s $500 million.

Looking ahead, Cardano has numerous catalysts that will push its price higher in the long term. As a popular crypto brand, the Securities and Exchange Commission (SEC) is likely to approve a spot ADA ETF as soon as this year.