Cardano At Risk Of Slipping Down The Rankings — Could Prove Fatal For ADA.
18 Oct 2021, 08:00
Cardano At Risk Of Slipping Down The Rankings — Could Prove Fatal For ADA
Cardano’s reign as the third-largest crypto has come to an end after it was surpassed by Binance Coin. This decline is coming after the euphoria of smart contracts begins to wear off amongst investors.
Cardano Settles For Fourth SpotCardano had enjoyed a fine run over the summer that saw it rise to become a major force in the ecosystem. A slew of upgrades and hard forks finally brought smart contract functionality to the network as the community thrived on one groundbreaking announcement after the other.
The innovations of the network had the ripple effect of sending a jolt through ADA’s price. The asset soared to a new all-time high of $3.10 on September 2nd and its market cap hovering around $100 billion. The price rally saw Cardano become the third-largest cryptocurrency in the space with only Bitcoin and Ethereum larger than it. The remarkable performance on the charts spawned conversations in certain circles on whether or not Cardano could pose a stiff challenge to Ethereum.