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.

Cardano Drops from 3rd-Largest Crypto Market Cap to 5th-Largest

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

Cardano Slips to 5th-Largest Crypto Market Position — ADA Down 30% Since All-Time High Last Month
Cardano (ADA) on October 13, 2021. ADA is down…

Click to continue reading on its source location…

Source: https://news.bitcoin.com/cardano-slips-to-5th-largest-crypto-market-position-ada-down-30-since-all-time-high-last-month/