- Trump’s US Presidential win continues to boost the crypto market.
- Bitcoin’s bullish sentiment is slowly fueling the first of the altcoin’s growth.
- Cardano (ADA) price spiked by over 16% beating Tron (TRX) in total market cap.
The crypto market seems a huge influx of value and funds following the US Presidential election. Presently, Bitcoin hovers around the $76,000 price, close to its most recent ATH set at $76,460. In the spirit of a bullish crypto market supported by the pro-crypto candidate’s victory, Donald Trump, altcoins have begun to flare bullish as well.
Cardano (ADA) Tops Tron (TRX)
In detail, Cardano (ADA), one of the popular altcoins that arrived soon after the pioneer altcoin Ethereum (ETH) has just surpassed Tron (TRX) another popular altcoin in the crypto market to take rank 9 on the top 10 cryptocurrencies based on CoinMarketCap analytics. This puts Tron at rank 10 and pushes TON to below rank 10.
Furthermore, according to CoinMarketCap analytics, the price of Cardano (ADA) stands at $0.44 showing that the price has gone up by 16.8% in the last 24 hours. The popular altcoin is native to the Cardano ecosystem created by Charles Hoskinson and currently boasts a total market cap of $15,392,337,540.85 and a 24-hour trading volume of $1,149,428,564.90.
Similarly, based on CoinMarketCap analytics, the price of Tron (TRX) stands at $0.16 showing that the price has gone up by 0.82% in the last 24 hours. The popular altcoin is native to the Tron ecosystem created by Justin Sun and currently boasts a total market cap of $13,986,958,854.54 and a 24-hour trading volume of $363,469,044.05.
Cardano Looks to Higher Targets
This is a great feat for ADA as the asset seems to be finally heading into a bull run phase. Cardano enthusiasts and Charles Hoskinson have repeated highlighted the many accomplishments of the blockchain and the community has been waiting to see if this success would soon be reflected in the altcoin’s price. With a $7.77 price prediction for ADA this bull cycle, perhaps that time has arrived.
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