Cardano Ousts Tezos, Breaks Into Top 10 Following 20% Rally

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Cardano Ousts Tezos, Breaks Into Top 10 Following 20% Rally




Cardano has been one of the best performers in recent days. And with expectations over the top on where prices are headed about a month, the coin is already delivering. During the weekend, the digital asset has risen by more than 20%. This rally saw the digital asset break above the $0.082. Coming into the weekend, Cardano was trading for just over $0.064 and was in the $0.052 range early last week.

Its weekend gains have been marked by a return to the top ten rankings after successfully ousting Tezos from the tenth spot. At the time of writing this, the Cardano’s market cap stands at $2.1B.

The bulls look set to break the $0.1 resistance before meeting major resistance and falling back. But its pullback is just a breather, Cardano is primed for greater gains with investors confident with the project now more than ever.

Its most recent gains began with Charles Hoskinson’s date announcement for the launch of Shelley Mainnet. This launch has taken years of meticulous planning and development. Through these developments, the Cardano team, led by Charles Hoskinson has been open, giving timely updates, and for they have countlessly been praised by Weiss Ratings. The firm most recently rated the project as ‘Excellent’. Investors now expect the most technologically advanced financial platform.

As we reported, Charles has given the expected date for the full launch to begin on June 31st with fixes running through the month of July.

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