Cardano's ADA now 4th ranked Cryptocurrency in the world. XRP and DOT follows as Fifth And Sixth Respectively

in LeoFinance3 years ago

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On Tuesday 9th February 2021, Cardano's ADA coin and Polkadot's DOT emerged as fourth and fifth ranked cryptocurrencies based on market capitalization respectively topping Ripple's XRP. The up in the rank list is perceived to be due to the fact that traders are trying to avoid high fees on the Ethereum Blockchain. According to Glassnode, when the Ether price pumped after the CME future contracts launch, the transaction fees on the Blockchain increased again.

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As of today, ADA still remains on number four according to CMC, while XRP has displaced DOT again to stay at number five on the list. DOT is now number six on the list. ADA's market cap is at $25 billion with 24hr increase of 18.36%, XRP at $21 billion with 4.28% 24hr increase , DOT is at $20 billion and has gone down 2.89%.

While traders have continued to show concern over the rate of high fees on the Ethereum Blockchain, most of them have tended to shift investment plans to Decentralized Finance (De-Fi) platforms built on the Ethereum Blockchain.

As at the time of writing this article, the market price of ADA is 85 cents, XRP's price is 48 cents, while DOT's price is $23.

Disclaimer: This is not a financial advice.

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Dot is sure moving

I am currently HODLing and gotta stack up some more.

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Dot will be soon in top 4

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Hahaha...Yeah bro! DOT sure got potential. @dealhunter

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