CandleFocus Cardano (ADA) Skyrockets 32%, Regains Top 10 Spot
2024-11-10
Author: Content Editor
Cardano (ADA) has seen a significant price surge of over 32% in the past 24 hours, outperforming other major alternative cryptocurrencies. This rally has helped ADA reclaim its spot in the top 10 cryptocurrencies with a market cap of around $20.7 billion. The broader cryptocurrency rally and improving fundamentals, such as an increase in Cardano's total value locked and daily active users, have contributed to ADA's price increase. However, despite this rally, ADA is still down over 80% from its record high in 2021. In addition to ADA, Sui (SUI) and Shiba Inu (SHIB) have also seen significant gains in the top 100 tokens. Speculators are also showing interest in altcoins such as Bitcoin Cash (BCH). This altcoin rally has caused Bitcoin's dominance to slip to around 60%.
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