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Cryptocurrency News Articles

Cardano (ADA) Skyrockets 15% in 24 Hours, Ready to Replace Lido Staked Ether (LSTETH) as the Ninth Crypto by Capitalization

Nov 20, 2024 at 11:32 pm

Cardano (ADA), the second-largest PoS network, saw its core native cryptocurrency rocketing in the last week. In the last 24 hours, it surged by over 15%.

Cardano (ADA) Skyrockets 15% in 24 Hours, Ready to Replace Lido Staked Ether (LSTETH) as the Ninth Crypto by Capitalization

Cardano (ADA) price rocketed over 15% in the last 24 hours, making ADA the top gainer among the 100 largest cryptocurrencies.

Cardano (ADA) price soared to $0.84 and eyes $0.9. ADA price last traded above $0.84 in April 2022. ADA price surged by 50% in the last seven days.

Cardano (ADA) saw over $7 million in positions liquidated, with 70% being short positions.

Cardano (ADA) price surged to seven-month high as Bitcoin (BTC) eyes $94,000, almost the entire cryptocurrency market is in green. However, Ethereum (ETH), the largest cryptocurrency, still fails to benefit from the rally. Today, ETH/BTC rates dropped below 0.033, which equals 30 Ethers per Bitcoin.

Ethereum (ETH) has not been so cheap in a pair with the orange coin since April 2021. Ether's lack of performance suggests the possibility of an altcoin season following Bitcoin's (BTC) parabolic run.

News source:u.today

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