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Cardano Leads the Charge as Altcoins Slightly Recover

Twitter icon  •  Published 6 months ago on June 19, 2024  •  Hassan Maishera

ADA leads the charge after a poor start to the week, with BTC still struggling below the $66k level.

Cardano Leads the Charge as Altcoins Slightly Recover

TL;DR

  • Altcoins are performing positively after a positive start to the week.

  • Cardano’s ADA is the best performer amongst the top 10 cryptocurrencies. 

ADA Surges by 4% to Lead the Market Charge

ADA, the native coin of the Cardano ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap. It is up by 4% over the last 24 hours and is currently trading at $0.3941.

The positive performance comes after a poor start to the week from Bitcoin and other major altcoins. Ether, the second-largest cryptocurrency by market cap, is also up by nearly 3% over the last 24 hours.

Ether’s rally can be attributed to the United States Securities and Exchange Commission (SEC) suspending investigation into Ethereum 2.0. The news saw ETH climb above the $3,500 mark once again.

While altcoins are rallying, Bitcoin remains stagnant. The world’s leading cryptocurrency by market cap is still trading within the $65k zone. At press time, BTC’s price stands at $65,301, down by less than 1% so far today.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.