Cardano (ADA) Overtakes Dogecoin to Become 8th Largest Crypto – Cardano (ADA/USD)

cardano ADA/USD flipped dog coin doge/usd To become the eighth largest cryptocurrency by market capitalization.

What happened: While writing, ada was trading at $0.32, up 0.55% in the last 24 hours. ADA’s current market cap is a little over $11.21 billion, while DOGE’s market cap is $11.21 billion, making it the ninth largest crypto by market capitalization.

Cardano’s Rise Can Be Attributed To The Current Bullish Market Bitcoin BTC/USD Crossed the $18,000 level, resulting in a rally in all major cryptos.

See more, Best Crypto Day Trading Strategies

According to feelingBy the end of 2022, investors who sold ADA would have come back and started accumulating it. The analytics firm said that addresses with 10,000 and 1,000,000 ADA are mimicking bear market behavior in 2019 and hoarding the digital currency.

price action: While writing, Doge was trading at $0.08, up 1.75% over the past 24 hours. According to Benzinga Pro.

Read next: Bitcoin, Ethereum, Dogecoin Jump After Inflation Data: Analyst Says Apex Coin May Remain ‘Stuck’ in This Range

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