Cardano's ADA is now Market Cap's third largest cryptocurrency

[Cordillerabit]

The Cardano blockchain's native cryptocurrency, ADA, has reached a new all-time high of $1.30 per coin. With a market capitalization of $39 billion, this is enough to make it the third-largest cryptocurrency.

Cardano, a rival of the Ethereum blockchain, was launched in 2017 and is primarily backed by the Input Output Hong Kong business venture (IOHK). Charles Hoskinson, co-founder of Ethereum and now CEO of IHOK, invented the blockchain.

Although Cardano has no major decentralized finance (DeFi) or other applications running on it like other Ethereum rivals such as Binance Smart Chain, ADA has been swept up in the bull market of bitcoin. According to Messari, the cryptocurrency is up 645 percent in the past 90 days.

To move into third place, the cryptocurrency exceeded the dollar-backed stablecoin tether (USDT) and Binance's BNB.

Following months of double-digit percentage gains, Bitcoin (BTC) and ether (ETH), the native cryptocurrency of the Ethereum blockchain, have experienced a price correction. As of press time, bitcoin is down 6% on the day to $46,800, while ether is down 6% to $1,490.

Source: Bityard

[Lutera94]

This is very good news for every cardano lovers. Recently cardano placed no 3  spot according to cmc list. I think in this red market cardano performance was outstanding & as a Result Cardano hit new ATH after a long time.

[aiviaa485]

It is truly extraordinary that Cardano has risen to rank number 3 on Coinmarketcap and it is certain that Charles Hoskinson intervened. Also i have a bit Cardano in account of Binance Exchange.
Just look at this main thread that the OP wrote if the photo of Charles Hoskinson is already there and this is proof that Charles Hoskinson is very serious about developing the Cardano coin.

[Seerge]

Cardano is amazing to get up to third place, but I don't think it will be long because BNB will take over that position again. I am sure BNB will rise soon and ADA will drop to position Four. However, the increase in Cardano position to rank Four is actually very surprising, especially for those who are not very familiar with this Altcoin.