Weeks have gone by, and the crypto market is still seeing a bullish trend, and the dubbed ‘mini bull run’ for the ongoing market movement is beginning to look more prominent. Altcoins such as Cardano (ADA) have moved significantly in price breaking multiple resistance and climbing higher highs while ignoring a retrace.
In today’s news, ADA has once again proven its potential to be small but mighty as the token appeared in the top trending crypto list on the crypto analytics platform StockTwits, surpassing Bitcoin (BTC), which comes second below ADA.
ADA Obtains First Position In Top Trending Crypto List
In a series of tweets shared by StockTwits, the crypto analytics platform ranked ADA as the most trending cryptocurrency on the platform, noting; “Cardano is also trending #1 on Stocktwits!.” At the time, ADA had a trading price of $0.3774, up by 11%, and a change of $0.0382.
Aside from its position on StockTwits, ADA still appears to have significant potential as it still ranks higher on other platforms such as CoinGecko and Coinmarketcap, competing with the other big dogs like Bitcoin (BTC), Ethereum (ETH), and the rest.
CoinGecko and Coinmarketcap rank ADA as the eighth cryptocurrency with the highest market capitalization, having a 1.2% dominance in the global crypto market cap. Notably, ranking second below ADA on StockTwits was BTC having a trading price of $23,195, up by 8.47% at the time, with a change of $1,810.42.
Other cryptocurrencies at the bottom of the top 10 trending currencies include XRP and KRL, obtaining the ninth and tenth positions, respectively.
The Crypto Market Price Outlook
The bullish movement wasn’t only favorable to ADA but also to other altcoins that appear in the list of largest cryptocurrencies by market cap. Altcoins such as Ethereum (ETH), Solana (SOL), Binance coin BNB, and Ripple (XRP) have so far been a part of the uptrend.
The top coin, Bitcoin, has made some significant movement since the beginning of the year, increasing by over 30% in the last 20 days and currently trading above $22,000.
ETH and SOL have also been in a bullish trend since the beginning, with both up by 25% and 67%, respectively, in the last 14 days. ETH currently trades at $1613, while SOL is at $24.11 at the time of writing.
XRP began the year shakily, but the token had increased nearly 30% in the last 20 days and is currently trading at $0.42 and still up by 2.7% in the past 24 hours.
BNB, after surviving massive FUD late last year, has also increased by 10% in the last 14 days and currently trades above the $300 region.
ADA price is moving sideways on the 4-hour chart. Source: ADAUSDT on TradingView.com
Overall, ADA is still one of the top gainers among the crypto tokens listed. Cardano has surged above 40% in the last 30 days. The sustained bullish trend shows the token still has higher highs to climb through before coming close to its peak and beyond.
Featured image from Unsplash, Chart from TradingView