Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High
The Cardano network token has toppled Dot to become the crypto-asset with the fourth-highest market capitalization. This new Cardano position comes after its price surged by more than 85% from $0.35 on February 1 to $0.68 on February 7. With the new price, the token’s market capitalization has now moved from $11 billion to the $21.8 billion mark. Four Ranked Tokens As a result, the open-source blockchain’s ADA token has now become the third crypto to be ranked at number four within the first few weeks of 2021. Before ADA , it had been the XRP and Dot tokens that have been swapping this position. As markets.Bitcoin.com charts show, the ADA token also briefly peaked at $0.69 for the first time since January 2018. However, the new 52 week high is still half of the all-time high of $1.30. Dogecoin’s Continuing Rise In the meantime, Elon Musk’s favored crypto, dogecoin has surged to a new all-time high (ATH) of $0.0814. The new ATH follows continuing celebrity endorsement of ...