Weeks have passed and the crypto market is still seeing an uptrend and the so-called “mini bull run” for the ongoing market action is starting to become more prominent. Altcoins such as Cardano (ADA) has moved significantly in price, breaking through multiple resistances and climbing higher highs while ignoring a retracement.
In today’s news, ADA once again proved its potential to be small but mighty as the token emerged in the top trending crypto list on crypto analytics platform StockTwits, overtaking Bitcoin (BTC) which is second only to ADA stands.
ADA reaches the first position in the top trending crypto list
In a series of tweets The crypto analytics platform shared by StockTwits ranked ADA as the hottest cryptocurrency on the platform, noting, “Cardano is also #1 on Stocktwits!.” At the time, ADA had a trading price of $0.3774, up 11%, and a change of $0.0382.
Aside from its position on StockTwits, ADA still seems to have significant potential as it still ranks higher on other platforms like CoinGecko and Coinmarketcap and competes with the other big dogs like Bitcoin (BTC). ether (ETH) and the others.
CoinGecko and Coinmarketcap rank ADA as the 8th cryptocurrency with the highest market cap and has a 1.2% dominance in the global crypto market cap. Notably, BTC ranked second on StockTwits behind ADA with a trading price of $23,195, up 8.47% on a move of $1,810.42 at the time.
Other cryptocurrencies at the bottom of the top 10 trending currencies are XRP and KRL, occupying ninth and tenth place, respectively.
The Crypto Market Price Outlook
The upside hasn’t just been cheap ADA but also to other altcoins that appear in the list of the largest cryptocurrencies by market cap. Altcoins like Ethereum (ETH), Solana (SOL), Binance Coin BNB, and Ripple (XRP) have been part of the uptrend so far.
the top coin, Bitcoinhas made some significant moves since the beginning of the year, is up over 30% in the last 20 days and is currently trading above $22,000.
ETH and SOL have also been in an uptrend since the start, with both up 25% and 67%, respectively, over the past 14 days. ETH is currently trading at $1613 while SOL is trading at $24.11 at the time of writing.
XRP got off to a shaky start to the year, but the token was up nearly 30% over the past 20 days and is currently trading at $0.42 and still up 2.7% over the past 24 hours.
After weathering the massive FUD late last year, BNB is also up 10% over the past 14 days and is currently trading above the $300 region.
ADA price is moving sideways on the 4 hour chart. Source: ADAUSDT on TradingView.com
Overall, ADA remains among the top gainers among the listed crypto tokens. Cardano is up over 40% in the last 30 days. The ongoing uptrend shows that the token still needs to scale higher highs before it nears its peak and beyond.
Featured image from Unsplash, chart from TradingView
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