Cardano Enters Top 3 Biggest Cryptocurrencies, Beating BNB

Cardano enters top 3 biggest cryptocurrencies on the list of the world’s biggest coins, beating BNB despite the major crash on the markets. In our latest Cardano news, we are reading more about it.

The glory of becoming the world’s third-biggest cryptocurrency was short-lived for BNB as Cardano overtook it. After a few weeks of great price-performance, ADA from the Cardano blockchain managed to challenge the market and raise the price while there was an ongoing bloodbath caused by Bitcoin‘s biggest drop in history and it ended up dethroning BNB in the process. Right now, ADA has a market cap of $39.6 billion which is about $4.5 billion more than Binance’s native token that sits at $35.1 billion and Cardano enters top 3 biggest coins list.

The Cardano ecosystem has plenty to celebrate as the coin is up 18.76% in the past 24hours and over 30% in the past week. The figures differ from the competitors with the coin dropping 15% in the past week and ETH dropping by 22.8%. BNB followed the general market trend and lost about 22% over the past week and paved the way for ADA’s uptrend to known it out from the list of the biggest three cryptocurrencies. As it can be seen in the graph, Cardano reported strong growths in the past 24hours and a 17% surge looks atypical from a technical analysis standpoint but the fundamentals could have a good reason for it.

Today, Cardano got closer to a new milestone and the technology startup MukN and IOHK who were responsible for the development of the project announced a new partnership that is aimed at developing a language that optimizes the execution of smart contracts on the blockchain. Glow will allow easy Dapp development on Cardano and will make them more secure and less complex. Co-founder of MuKN Rene Rideau said:

 “Writing a DApp is the single hardest thing to do, because you can’t afford any mistakes … Existing developer tools didn’t measure up to the task of creating secure DApps in this adversarial environment, so MuKn decided to create those tools with Glow. IOHK is a great partner for us because both companies are founded on the principle of thinking in the long term rather than what only works for today. We want to build on stone, not quicksand.”