(VIANEWS) – Apart from the Bitcoin rise effect, which brings all cryptocurrencies along for the ride, Cardano is up by more than 70% in the last thirty days.
What’s going on?
The inventor of Cardano and the co-founder of Ethereum had already announced the Alonzo hard fork update which will allow for the smart contract integrations on the Cardano (ADA) network.
integration with the majority of DeFi apps is now underway, allowing the network to be a viable alternative to Ethereum. This competitive advantage will only become more pronounced as the ADA network becomes fully capable of hosting smart contracts. Cardano’s network would be able to execute smart contracts, allowing transactions between participants to take place without the use of a middleman.
All this is adding up to the fact that Cardano has just recently become the world’s third-largest virtual currency, as network developers try to capitalize on the decentralized financial boom.
Cardano (ADA-USD) Cryptocurrency is currently on bullish momentum by 76.80% in the last 30 days. At 10:14 EST on Tuesday, 17 August, Cardano (ADA-USD) is at $2.0800.
Today’s last reported volume for Cardano is 2838992068, 27.91% below its average volume of 3938241140.61.
All-Time High and Low
Cardano’s current value is at $2.08, 15.1% below its all-time high of $2.45 on Sunday, 16 May.
Cardano’s current value is at $2.08, 10684.38% above its all time low of $2.45 on Friday, 13 March.
Market Cap and Supply
Cardano’s current market cap is at 66689950853. The total supply is 45,000,000,000.00, maximum supply is 45,000,000,000.00, and the circulating supply is 32,066,390,668.41.
Cardano (ADA-USD) Range
Concerning Cardano’s daily highs and lows, it’s 101.94% up from its trailing 30 days low of $1.0300 and 6.31% down from its trailing 30 days high of $2.2200.
Currently, Cardano (ADA-USD) has 549684 Twitter followers and 563833 Reddit subscribers.
As of now, on Github, there are 610 forks, 3642 stars, and 445 subscribers.
Cardano’s last week, last month’s, and last quarter’s current volatility was a positive 1.79%, a negative 0.05%, and a positive 5.34%, respectively.
Cardano’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 4.66% (last week), 3.24% (last month), and 5.34% (last quarter), respectively.
Other News About Cardano (ADA-USD)
What’s going on with cardano today?. According to Benzinga on Monday, 16 August, “Meanwhile, the Cardano Foundation has confirmed that the Cardano Summit 2021 will take pace between Sept. 25-26.”
News about Bitcoin
Btc/usd forecast: Bitcoin wipes out losses from last session – 16 August 2021. According to DailyForex on Monday, 16 August, “The fact that we saved the market at the $30,000 level was crucial, because then it sends Bitcoin back on track to resume the overall uptrend. “, “With this being the case, I think that it is only a matter of time before we go even higher, so if you are an investor, holding on to Bitcoin certainly works. ”
Ethereum already ‘flipped’ Bitcoin in this part of the world. According to Benzinga on Monday, 16 August, “Price Action: At press time, Bitcoin was trading at$46,367,up0.10% over the past 24-hours, while Ehtereum gained 1.45%and was trading$3,225.”
More news about Cardano (ADA-USD).