Cardano is no longer the 3rd largest cryptocurrency

Cardano slips to fourth position as the crypto struggles against fear, doubt and uncertainty Cryptocurrency Cardano has lost its crown being the ‘third largest player in market. Stablecoin Tether has now taken its place instead. The gap between …

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Cardano slips to fourth position as the crypto struggles against fear, doubt and uncertainty
  • 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.

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