“Everything Going Up” Season Sees Cardano (ADA) Trumping Polkadot (DOT)

2021-2-9 19:39

In the ongoing raging bull market, we are experiencing everything going up, which has been going on with the stock market, but in the cryptocurrency market, it is a lot more heightened.

Bitcoin has already gone past $48,000 BTC 5.92% Bitcoin / USD BTCUSD $ 46,665.56
$2,762.60 5.92% Volume 98.64 b Change $2,762.60 Open $46,665.56 Circulating 18.62 m Market Cap 869.11 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 1 min It’s Not a Top, Bitcoin in a “Rational Bubble” says Allianz Economic Advisor 44 min "Everything Going Up" Season Sees Cardano (ADA) Trumping Polkadot (DOT) 1 h Is Apple Next to Buy Bitcoin? One Bank Recommends Converting Apple Wallet into a Crypto Exchange , and Ether is trading well past $1,800 ETH -1.02% Ethereum / USD ETHUSD $ 1,744.45
-$17.79 -1.02% Volume 45.57 b Change -$17.79 Open $1,744.45 Circulating 114.6 m Market Cap 199.92 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=ETH&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 44 min "Everything Going Up" Season Sees Cardano (ADA) Trumping Polkadot (DOT) 3 h Ethereum Records “Unusual” 4x More Inflows than Bitcoin: CoinShares Report 1 d DeFi Ecosystem Acala Launches EMV for Polkadot-Ethereum Connection , with altcoins experiencing even wilder price movement.

In 2021, so far, the notable leading cryptos include COVER (8,800%), BAO (2,972%), DOGE (1,290%), BADGER (1,272%), ALPHA (1,000%), LUNA (730%), ROOK (613%), AAVE (438%), CRV (386%), 1inch (354%), SOL (328%), SUSHI (313%), UNI (302%), and Cardano (300%).

The majority of these top gainers are DeFi tokens, which have been exploding into popularity and value.

Among the top altcoins, Cardano (ADA) is actually turning out to be an outlier for the past few days as its price started uptrending just this month. ADA started the year at around $0.175 and this month at just under $0.340, only to jump above $0.753 in the past 24-hours. ADA -2.10% Cardano / USD ADAUSD $ 0.68
-$0.01 -2.10% Volume 6.5 b Change -$0.01 Open $0.68 Circulating 31.11 b Market Cap 21.11 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=ADA&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 23 min Bitwise Files Application to Launch Exchange Traded Fund (ETF) for ‘Crypto Innovators’ 44 min "Everything Going Up" Season Sees Cardano (ADA) Trumping Polkadot (DOT) 1 d Cardano's ADA Overtakes XRP to Become Fourth-Largest Cryptocurrency After 'Mary' Hard Fork

“ADA has confirmed the breakout from its multi-year triangle. After over 670 days of consolidation inside this pattern… A new macro trend has begun,” noted trader Rekt Analyst.

These gains helped the open-source, smart-contract platform become the 4th largest network with a market cap of $22.36 billion, as per Messari, a step above Polkadot (DOT), a blockchain network designed to support various interconnected, application-specific sub-chains called parachains, whose market capitalization is $21.64 billion. DOT 0.57% Polkadot / USD DOTUSD $ 22.75
$0.13 0.57% Volume 3.92 b Change $0.13 Open $22.75 Circulating 910.6 m Market Cap 20.71 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=DOT&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); 23 min Bitwise Files Application to Launch Exchange Traded Fund (ETF) for ‘Crypto Innovators’ 44 min "Everything Going Up" Season Sees Cardano (ADA) Trumping Polkadot (DOT) 1 d DeFi Ecosystem Acala Launches EMV for Polkadot-Ethereum Connection

As the price of ADA continues to increase, so does the number of traders for ADA, addresses that have held a crypto-asset for less than 30 days, which reached a multi-year high. In February, this value has increased to over 11.82b ADA, 33.8% of the circulating supply, as per IntoTheBlock.

The network has also been seeing regulator updates with its third phase, “Goguen,” focused on integrating smart contracts into the blockchain, launching in December.

While the Shelley era decentralizes the system, Goguen adds the ability to build decentralized applications (DApps) on Cardano, as per its roadmap.

Amidst all this, Cardano creator Charles Hoskinson, who also co-founded the second largest network Ethereum, announced “Ouroboros Omega.”

Here's a Teaser. Omega is the convergence of all the ideas we've had over the last six years. It's gonna be good pic.twitter.com/sEgQygdhwg

— Charles Hoskinson (@IOHK_Charles) February 4, 2021

“If you think that we are rocking it now, just you wait until we talk about Ouroboros Omega…..” tweeted Hoskinson last week.

The post “Everything Going Up” Season Sees Cardano (ADA) Trumping Polkadot (DOT) first appeared on BitcoinExchangeGuide.

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