Cardano (ADA) Hits Another All-Time High Above $2, Altcoins Market Rallies
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Cardano (ADA) Hits Another All-Time High Above $2, Altcoins Market Rallies

May 15, 2021      Jafrin Ahmed

Cardano (ADA) has surged to yet another all-time highs of $2.17 on May 15. The cryptocurrency has now reclaimed its 4th spot in cryptocurrency ranking ahead of the much-hyped Dogecoin cryptocurrency. The Altcoins market continues to hit higher during the altseason and Elon Musk’s attack on energy-eating Bitcoin.

Cardano (ADA) Hits New All-Time High Above $2

The cryptocurrency market slumped in the wake of Tesla dismissing Bitcoin as payments. Despite the negative outlook on the crypto market frenzy, Cardano (ADA) hits an all-time high above $2 on May 13.

With a market valuation of $68 billion and $9 billion in trade volume over the past 24 hours, Cardano has reclaimed the 4th spot in cryptocurrency ranking by market capitalization ahead of Dogecoin, and others.

READ  Cardano to witness more downtrend, 4-11% drop soon

At the time of writing, ADA was exchanging hands at $2.13, up by 12.9% over the past 24 hours and 28.4% in weekly gains. It broke its previous all-time high of $1.86 a few days ago.

With this increase, ADA has reentered the top 4th largest cryptocurrencies by market cap and has overtaken Dogecoin. Overall the crypto market cap has remained above $2.3 trillion.

Altcoins Market Rallies

Along with Cardano hits an all-time high above $2. The altcoin market is at fresh greens and remains overall remains positive.

For instance, Ripple (XRP) is up by 2%, while Polkadot (DOT) has surged by 14.5% and has entered among the top ten, and is currently trading at $46.86.

The best performing cryptocurrency of this year is Polygon (MATIC) that saw its price rally 34.9% over the past 24-hours to reach a new record high at $1.69.

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Further gains come from SushiSwap (12.3%), NEAR Protocol (16.4%), Ethereum Classic (5.1%), BakeryToken (1.9%), Reserve Rights (7.3%), The Graph (8.9%), and Fantom (1.7%).

Another project whose price surged 45% from the lows on May 13 is iExec RLC (RLC), a decentralized cloud computing network, that got a boost earlier in the week after Coinbase revealed that it would list the token.

Other notable performances include a 27.9% increase in the price of Ergo (ERG) and a 24% increase in the price of Sora (XOR) and is currently trading at $729 at the time of writing.

#ADA #Altcoin #Cardano
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.