This week, the cryptocurrency market was marked by new records and the spectacular rise of certain assets. Ada, the native token of the Cardano blockchain, distinguished itself with a notable performance, going beyond the dollar threshold for the first time in five months.
In short
- Cardano jumped 10.7 % in 24 hours and 26.8 % over 7 days, crossing for the first time in five months the threshold of $ 1
- The Airdrop distributing Night tokens on eight blockchains, including Cardano, has energized the activity.
- While Bitcoin has reached a new record ($ 124,000) and Ethereum is close to its historic summit, Ada stands out as the best weekly performance among the blockchains participating in the Drop glacier.
Ada crosses the dollar course and climbs in the ranking
In the space of 24 hours, ADA increased by 10.7 %, briefly exceeding $ 1. Over seven days, the cumulative increase reaches 26.8 %, according to Coingecko data.
This progression Propels Ada to the rank of leader among the 100 largest cryptocurrencies By capitalization on August 14. In a single session, no other major asset has recorded such a large increase. On the whole week, Ada ranked fifth, behind only four other cryptos.
This increase occurred while Bitcoin has reached a new historic record at more than $ 124,000, and Ethereum is only 3.6 % of its historic summit. In this context, ADA has also surpassed Tron (TRX) by Justin Sun, thus taking up a place in the top 10 cryptocurrencies by market capitalization.
Impact of the drop glacier and technical resolution
A major event contributed to the activity in Cardano. These include the launch of the drop glacier. Indeed, Glacier Drop is a two -month Airdrop distributing Night tokens on eight blockchains, including Cardano.
When starting the operation, a software problem prevented Ledger wallet users from claiming tokens on Cardano. The Midnight Foundation quickly implemented a fix allowing these users to participate normally.
Among the blockchains included in this Airdrop, Cardano is the one that recorded the best performance over the week. Ethereum, in second position, increased by 23.5 % over the same period.
Also, on the global market, the evolution was more moderate. Apart from Ada and Ethereum, Solana won 17.1 %. In addition, BNB increased by 10.8 %, and Bitcoin of 3.9 % over the week.
Other assets, such as the token Okb OKX Exchange, have displayed exceptional increases. The assets recorded an increase of more than 160 % after the announcement of a supply reduction. Finally, according to Coinglass data, $ 481 million in positions were liquidated in 24 hours, divided between 245 million in short positions and 235 million in long positions.
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