- Cryptocurrency Cardano has lost its crown being the ‘third largest player in market.
- Stablecoin Tether has now taken its place instead.
- The gap between has been fluctuating from as little as $70 million to $3 billion.
Cardano’s ADA token skyrocketed back by 150% in August to become the third largest cryptocurrency in the world by market capitalisation. But, its triumph seems to have been short-lived.
While the rest of the crypto market struggled to decide its direction, the decentralised blockchain platform was knocked off its perch by Tether, the largest stablecoin in the world.