Cardano slips onto the fifth largest crypto market position-ADA has dropped by 30% since the all-time high last month-altcoins

In the second week of October, the Bitcoin market values ​​kept prices between $ 54,000 and $ 57,000. In the meantime, countless alternative crypto-assets have not yet recorded the profits that the leading crypto asset has achieved in the past two weeks. For example, Cardano was the third largest cryptom market in relation to the evaluation, but after a loss of 4.8%, Cardano slipped to fifth place last week.

Cardano falls from the third largest crypto market capitalization to the fifth largest

The digital currency kardano (ada) has recorded some decent growth in the past 12 months, since ada has increased by 1,840.5% since the beginning of the year. Even kiss front man Simmons of the world told on October 10, why he is ada ) and how it has paid off for him so far. In the last month, however, ada has sunk by 18 % and 4.8 % in the last seven days. ada ’s market capitalization is not small and is located just below the stable coin connection ( usdt ) Overall rating, since Cardano's market capitalization is around 68.1 billion US dollars on Wednesday.

ada The markets record on Wednesday a global trade volume of around 1.9 billion US dollar and the crypto exchange The largest cardano trade volume. Holding rope ( usdt ) The top couple with cardano on Wednesday with 58.58% of all ada acts. It follows btc (10.91%), USD (5.75%), Busd (5.61%) and EUR (3.89%). The Korean Won occupies 3.44% of. The sixth largest position ada , while eth commands around 2.69% of kardano today exchange.

Cardano prices have dropped by 30% since the all-time high

Cardano reached an all -time high on September 2, 2021 at $ 3.09 per unit, but has dropped by more than 30% since that day. ada currently exchanged just above the $ 2 handle and the crypto-aasset binance coin ( bnb ) now occupies the third largest position with regard to market capitalization. Despite the decline to fifth place Kardano still records 2.86% of the total crypto economy worth 2.386 trillion under the over 10,000 existing digital Assets.

ada has to gain more than 15 % to fight to the third largest market position- bnb market evaluation of 77.7 billion US dollars. However, the market capitalization of the crypto asset is only 2.34% below the overall market assessment of Tether of $ 69.8 billion. In addition, ada is not the only Smart-Contract-Krypto that has been a hit recently. Solana (Sol) fell by 10 % this week, Terra (Luna) lost 18.7 % and Avalanche (Avax) lost 14.3 % last week.

What do you think of Cardano's market performance in the last month? Let us know your opinion on this topic in the comments below.

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