While most of the cryptocurrency’s value was affected by the Bitcoin (BTC) depreciation storm, Cardano (ADA) silently outperformed Binance Coin (BNB).
ADA is now in fourth position, making BNB drop to 5th position.
Meanwhile, Tether (USDT) is back in third place with new token mining continuing. Reportedly on Saturday, Tether has generated as many as one billion tokens.
The strengthening of the ADA was driven by the dumping of the latest announcements that excited its investors this month. Among them:
Canadian crypto firm, iMining announced the launch of Cardano Staking.
The upcoming ERC-20 token converter, an alternative to the Ethereum network.
The ADA saw a jump to an all -time high (ATH) on May 16, $ 2.46.
Graph Blockchain is confident that Cardano will continue to survive with the implementation of Proof of Stake which is the main solution to several issues related to the Proof of Work algorithm and the environment.
“Cardano will be a long -term contributor to the crypto sector. Graph Blockchain is proud to have Cardano in some of our projects, including supported ones. ” - Graph Blockchain CEO, Paul Haber.
At the time of writing, the ADA is trading at $ 1.38, down 7.35% in 24 hours. However, within a month, these assets recorded a jump of almost 18%.
