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Author Topic: Cardano is now a top-three cryptocurrency as ADA price soars 27% in 24 hours  (Read 106 times)
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February 27, 2021, 12:43:09 PM
 #1

Cardano is now a top-three cryptocurrency as ADA price soars 27% in 24 hours

Cardano's Ada received a fresh wave of optimism and buying volume on Feb. 26 that pushed its price to a new all-time high of $1.29, making it the third-ranked cryptocurrency by market capitalization.

Data from Cointelegraph Markets and TradingView shows that Ada surged 27% from a low of $0.98 during the early trading hours on Feb. 26 to its new high at $1.29 on record trading volume.



it seems that the fight for the top 10 in coinmarketcap is a long way from having altcoins that remain in that top 10 for years, which leads me to the question:

how long will ADA be able to stay in the top three?

I thought Tether was going to be in the top three and would not leave it for many years ... but I can see that soon BNB will occupy position 3 and will not leave anymore


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February 27, 2021, 02:15:42 PM
 #2

in third place, well then BNB made a mistake when their prices fell, and CARDANO took advantage of a pretty ideal situation. calculation of the right time. ADA just needs to push it even further by setting up projects in these circumstances, and attracting more large investors. great, unexpectedly, selling ADA too early saw only a few cents rise. when we sleep, all is left behind.


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February 27, 2021, 10:54:22 PM
 #3

Some people see ADA's market soar as a P&D but I think the effect was because of their 3/1 launch news and people are starting to get onboard early.

My major concern is if there are projects building on top of Carnado, what I heard was Celsius Network but I'm not really sure. However, I think creating NFTs on top of Carnado is gonna happen and it's gonna boost up ADA's potential, similar to a DeFi/NFT game that I pre-registered to get NFT rewards.
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February 27, 2021, 11:03:39 PM
 #4

Some crazy price action going on right now. I just sold the ADA I held close to the top this morning as I think it's going to plummet once all the FOMO is over.

Got ~4x return which is good enough for me. Not that bad a return having gotten in only this year in January.

I'll be watching from the sidelines and might throw some money in again if the price plummets.

I could see both ADA and BNB going down in price and being replaced by USDT in terms of market cap. Whatever happens, it's going to be an interesting next few weeks in the market.
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February 28, 2021, 05:58:20 AM
 #5

Cardano is now a top-three cryptocurrency as ADA price soars 27% in 24 hours

Cardano's Ada received a fresh wave of optimism and buying volume on Feb. 26 that pushed its price to a new all-time high of $1.29, making it the third-ranked cryptocurrency by market capitalization.

Data from Cointelegraph Markets and TradingView shows that Ada surged 27% from a low of $0.98 during the early trading hours on Feb. 26 to its new high at $1.29 on record trading volume.



it seems that the fight for the top 10 in coinmarketcap is a long way from having altcoins that remain in that top 10 for years, which leads me to the question:

how long will ADA be able to stay in the top three?

I thought Tether was going to be in the top three and would not leave it for many years ... but I can see that soon BNB will occupy position 3 and will not leave anymore
The current ADA valuation is hype, no developers polled want to program on haskel. The only way for smart contracts to be successful on Cardano is if they build something that normal people can use, a lego smart contract where users fill in the blanks and the smart contract is issued. The first blockchain that does this will take a huge market share.
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February 28, 2021, 06:09:11 AM
 #6

how long will ADA be able to stay in the top three?

I thought Tether was going to be in the top three and would not leave it for many years ... but I can see that soon BNB will occupy position 3 and will not leave anymore

I am quite surprised to see ADA can beat BNB in the top three. I think the position will not stable as BNB can increase and try to take over the top three positions back as before. And if you ask about how long ADA can be able to stay at the top three, there is no right answer as many things will going happen in the crypto market. Who knows BNB can back to the top three or DOT can lift the position because that will be a mystery to us to know for sure. In this year, we will see changes at the top ten coin list, and there might be newcomers such as ADA, DOT, LINK, and the other coins that can replace the old coins position.

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February 28, 2021, 06:55:14 AM
 #7

how long will ADA be able to stay in the top three?

I thought Tether was going to be in the top three and would not leave it for many years ... but I can see that soon BNB will occupy position 3 and will not leave anymore

I am quite surprised to see ADA can beat BNB in the top three. I think the position will not stable as BNB can increase and try to take over the top three positions back as before. And if you ask about how long ADA can be able to stay at the top three, there is no right answer as many things will going happen in the crypto market. Who knows BNB can back to the top three or DOT can lift the position because that will be a mystery to us to know for sure. In this year, we will see changes at the top ten coin list, and there might be newcomers such as ADA, DOT, LINK, and the other coins that can replace the old coins position.
I am too quite surprised that ADA is above BNB, certainly there is a hype and I also think it won't be able to hold that position. I have not heard about any new development from the developer s or any news but what I am able to deduce is that it is getting manipulated as it falls under cheaper coins.

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February 28, 2021, 07:21:41 AM
 #8

I am currently seeing the price of bitcoin continue to experience correction and this has resulted in a decline in the price of most of the altcoins. ADA, which is currently in a good trend, also seems to be experiencing the same condition so that its market capitalization has decreased compared to yesterday.

I think ADA and BNB will remain in the top 5 cryptocurrencies for some time to come followed by USDT. If bitcoin price correction continues, USDT will return to rank 3 below ETH. This happened because there were many traders who temporarily secured their capital with stablecoin during the market crash and this will result in a high USDT trading volume.

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February 28, 2021, 07:42:39 AM
 #9

I am currently seeing the price of bitcoin continue to experience correction and this has resulted in a decline in the price of most of the altcoins. ADA, which is currently in a good trend, also seems to be experiencing the same condition so that its market capitalization has decreased compared to yesterday.

I think ADA and BNB will remain in the top 5 cryptocurrencies for some time to come followed by USDT. If bitcoin price correction continues, USDT will return to rank 3 below ETH. This happened because there were many traders who temporarily secured their capital with stablecoin during the market crash and this will result in a high USDT trading volume.

I have the strong feeling that BNB will surpass ADA in the next few months. BNB has very aggressive promotion in the market and the projects that they are introducing are one after another. Besides, a lot of crypto traders have full confidence in using this crypto-exchange. If BSC network will attract more projects in the next succeeding months, because of its minimal fees, BNB will get a hold of top 3 position.

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February 28, 2021, 07:53:33 AM
 #10

This is really a good news to anyone who is attracted by this cryptocurrency. Ada is one of the strongest cryptocurrency to be known up to now and its reputation is quite high compare to others in the top 100. Therefore, it deserves to have this position for a period

The fight for the top 3 is really hard and I guess ADA will soon lose its position. Nonetheless, the top 10 will soon be formed in the next few months. 





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February 28, 2021, 08:05:57 AM
 #11

Im not sure that ada has value to be in top 10 of CMC. Nothing more than pointless pump

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February 28, 2021, 08:20:16 AM
 #12

Cardano can easily knock down by USDT, especially if Bitcoin to dump or we will be entering the bear market.
If you experienced the previous bear market, we saw the USDT really gaining a huge market cap? It is maybe because a lot of people converting their cryptocurrencies to USDT temporarily.
Cardano will be like BNB recently, after few days in the Top 3 it being replaced.





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February 28, 2021, 08:27:44 AM
 #13

I am currently seeing the price of bitcoin continue to experience correction and this has resulted in a decline in the price of most of the altcoins. ADA, which is currently in a good trend, also seems to be experiencing the same condition so that its market capitalization has decreased compared to yesterday.

I think ADA and BNB will remain in the top 5 cryptocurrencies for some time to come followed by USDT. If bitcoin price correction continues, USDT will return to rank 3 below ETH. This happened because there were many traders who temporarily secured their capital with stablecoin during the market crash and this will result in a high USDT trading volume.

True, it is undeniable because considering in the past when there was a correction or crash in the market, almost everyone secured their assets into stablecoins and the ones that were mostly chosen were USDT tokens, I really agree with what you say because in general terms it is indeed very visible at this time where the ADA, ETH, BNB and USDT tokens will always be in the top 5 cryptocurrency rankings for some time to come, because it is also influenced by the total trading volume of all of them.

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February 28, 2021, 08:54:02 AM
 #14

After Mary's hard fork, Cardano will become a decentralized multi-asset smart contract platform in a few days, which means the update should bring Cardano closer to implementation by providing a wide range of use cases such as non-fungible tokens (NFT), stablecoins, decentralized finance (DeFi). Perhaps after a while we will see Cardano in second place in terms of CMC.

so we heard. well, it's just like any other platform though. can't say the difference except from what they claimed to be the most decentralized and have solved the problem of ETH which is the selling point of this project. this is an early stage of ADA which is why it has plenty of room for price growth. $1 or $2 could even be just the start of the spike until we see the realization of the smart contract and the defi projects under its wings.

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February 28, 2021, 09:01:11 AM
 #15

it seems that the fight for the top 10 in coinmarketcap is a long way from having altcoins that remain in that top 10 for years, which leads me to the question:

how long will ADA be able to stay in the top three?

I thought Tether was going to be in the top three and would not leave it for many years ... but I can see that soon BNB will occupy position 3 and will not leave anymore
ADA won't stay there for long, with the pressure from BNB.

The new altcoins from this new generation are repeating what Ethereum, Ripple, DASH, Stellar Lumens in 2017 and 2018. They will see terrible crashes when the altcoin year ends. After my few years in crypto, I lost my belief on any promise from teams, developers about any evolution from blockchain, technology, financial changes can be brought from a crypto project.

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February 28, 2021, 10:06:39 AM
 #16

Cardano is now a top-three cryptocurrency as ADA price soars 27% in 24 hours

Cardano's Ada received a fresh wave of optimism and buying volume on Feb. 26 that pushed its price to a new all-time high of $1.29, making it the third-ranked cryptocurrency by market capitalization.

Data from Cointelegraph Markets and TradingView shows that Ada surged 27% from a low of $0.98 during the early trading hours on Feb. 26 to its new high at $1.29 on record trading volume.



it seems that the fight for the top 10 in coinmarketcap is a long way from having altcoins that remain in that top 10 for years, which leads me to the question:

how long will ADA be able to stay in the top three?

I thought Tether was going to be in the top three and would not leave it for many years ... but I can see that soon BNB will occupy position 3 and will not leave anymore
Surprisingly ADA is perhaps the only coin in the market that is growing nicely because market is undergoing correction and most of the coins are in red so i would say be careful as ada is pumping because of update expected on 1st March after that it can correct sharply as well.

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February 28, 2021, 10:08:06 AM
 #17

After Mary's hard fork, Cardano will become a decentralized multi-asset smart contract platform in a few days, which means the update should bring Cardano closer to implementation by providing a wide range of use cases such as non-fungible tokens (NFT), stablecoins, decentralized finance (DeFi). Perhaps after a while we will see Cardano in second place in terms of CMC.

I think it will be very difficult for ADA to overcome ETH in terms of position on coinmarketcap

the current scenario we have:

ADA Market cap: $38,441,093,488

ETH market cap: $155,946,939,291

in my opinion ADA is temporarily in position 3 because of this update

ADA won't stay there for long, with the pressure from BNB.

The new altcoins from this new generation are repeating what Ethereum, Ripple, DASH, Stellar Lumens in 2017 and 2018. They will see terrible crashes when the altcoin year ends. After my few years in crypto, I lost my belief on any promise from teams, developers about any evolution from blockchain, technology, financial changes can be brought from a crypto project.

I agree, what else hurts and shocks Is see that after collecting money from people, the developers of the projects leave bitcointalk and start doing tourism in various places and countries and the development of the project is slow or non-existent for years and always the creators of the project stay making up some excuse on twitter

Im not sure that ada has value to be in top 10 of CMC. Nothing more than pointless pump

 Grin

with bitcoin price drop ADA also dropped a lot.

Cardano can easily knock down by USDT, especially if Bitcoin to dump or we will be entering the bear market.
If you experienced the previous bear market, we saw the USDT really gaining a huge market cap? It is maybe because a lot of people converting their cryptocurrencies to USDT temporarily.
Cardano will be like BNB recently, after few days in the Top 3 it being replaced.

I agree... whenever dump, USDT enter the scene and start the bull run to also take the top in the coinmarketcap. this market is funny:

1- when the bitcoin price starts to rise, the tether is not heard

2 - When the bitcoin price starts to drop a lot, Tether enters the scene and starts a big bull run in the first places in the coinmarketcap


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