{"id":13144,"date":"2021-10-13T15:54:04","date_gmt":"2021-10-13T15:54:04","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/cardano-slips-to-5th-largest-crypto-market-position-ada-down-30-since-all-time-high-last-month\/"},"modified":"2021-10-13T15:54:04","modified_gmt":"2021-10-13T15:54:04","slug":"cardano-slips-to-5th-largest-crypto-market-position-ada-down-30-since-all-time-high-last-month","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/cardano-slips-to-5th-largest-crypto-market-position-ada-down-30-since-all-time-high-last-month\/","title":{"rendered":"Cardano Slips to 5th-Largest Crypto Market Position \u2014 ADA Down 30% Since All-Time High Last Month"},"content":{"rendered":"

During the second week of October, bitcoin market values have maintained prices between $54K to $57K. Meanwhile, myriad alternative crypto assets have not yet seen the gains the leading crypto asset has enjoyed during the last two weeks. For instance, cardano used to be the third-largest crypto market in terms of valuation, but after losing 4.8% cardano has slid down to the fifth position this past week.<\/strong><\/p>\n

Cardano Drops from 3rd-Largest Crypto Market Cap to 5th-Largest<\/h2>\n

The digital currency cardano (ADA)<\/a> has seen some decent gains during the last 12 months as ADA<\/a> has increased by 1,840.5% year-to-date. Even Kiss frontman Gene Simmons<\/a> told the world<\/a> on October 10, why he invested $300K in cardano (ADA<\/a>) and how it\u2019s paid off for him so far. However, during the last month, ADA<\/a> is down 18% and 4.8% over the last seven days. ADA<\/a>\u2019s market cap is not small and just under the stablecoin tether\u2019s (USDT<\/a>) overall valuation as cardano\u2019s market cap is around $68.1 billion on Wednesday.<\/p>\n

ADA<\/a> markets on Wednesday are seeing around $1.9 billion in global trade volume and the crypto exchange Binance currently captures the top cardano trade volume. Tether (USDT<\/a>) is the top pair with cardano on Wednesday with 58.58% of all ADA<\/a> trades. This is followed by BTC<\/a> (10.91%), USD (5.75%), BUSD (5.61%), and EUR (3.89%). The Korean won commands the sixth-largest position with 3.44% of ADA<\/a> swaps, while ETH<\/a> commands around 2.69% of cardano<\/a> exchanges today.<\/p>\n

Cardano Prices Down 30% Since All-Time High<\/h2>\n

Cardano reached an all-time high on September 2, 2021, reaching $3.09 per unit but is now down more than 30% since that day. ADA<\/a> is currently swapping for prices just above the $2 handle and the crypto asset binance coin (BNB<\/a>) now holds the third-largest position in terms of market cap. Despite the dip to the fifth position, cardano<\/a> still captures 2.86% of the entire $2.386 trillion crypto-economy among 10,000+ digital assets in existence.<\/p>\n

ADA<\/a> needs to gain more than 15% in value in order to contend for the third-largest market position \u2014 BNB<\/a>\u2019s $77.7 billion market valuation. The crypto asset\u2019s market cap, however, is only 2.34% lower than tether\u2019s overall market valuation of $69.8 billion. Moreover, ADA<\/a> is not the only smart contract crypto that has taken a hit in recent times. Solana (SOL) is down 10% this week, terra (LUNA) slid by 18.7%, and Avalanche (AVAX) lost 14.3% this past week.<\/p>\n

What do you think about cardano\u2019s market performance this past month? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nAltcoins, $1.9 billion volume, ada, ADA Markets, Alternative Assets, Avalanche (AVAX), Cardano, cardano (ADA), Cardano markets, Cardano Prices, crypto economy, Market Cap, Market Valuation, Solana (SOL), terra (LUNA)<\/p>\n","protected":false},"excerpt":{"rendered":"

During the second week of October, bitcoin market values have maintained prices between $54K to $57K. Meanwhile, myriad alternative crypto assets have not yet seen the gains the leading crypto asset has enjoyed during the last two weeks. For instance, cardano used to be the third-largest crypto market in terms of valuation, but after losing…<\/p>\n","protected":false},"author":0,"featured_media":13145,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13144"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13144"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13145"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}