Cardano’s Latest Surge Leaves Bigger Cryptocurrencies In The Dust

Cardano’s latest surge left most of the bigger cryptocurrencies in the dust as it stormed ahead of all in an end-of-week rush so let’s read more in our Cardano ADA news.

For example, Chainlink is the first one that flashed up by 13.83% in the past week according to CoinMarketCap. Right behind is Bitcoin Cash which increased by about 9.41% and then comes Ripple’s XRP increasing up to 8.96% over the past seven days. Ripple’s XRP is trying to get away from Litecoin which increased by 8.42% and Bitcoin and ethereum are neck to neck up by 7.47% and 7.29% respectively.

Polkadot on the other hand is trying to cope with the fumes as it spent most of the night increasing by about 4.85%. Binance Coin comes next spinning up the circles by about 3.5%. Cardano however increased the most. With the latest Shelley upgrade launched In July, ADA made many gains. Cardano’s latest surge meant a price increase of 12.2% over the past day and 15.7% in the past week. With Cardano being in front, the race looks quite futile. What we can see is that the rest of the coins are falling behind ADA and all eyes are on this particular cryptocurrency. XRP increased by 0.09% over the past 24hours to a price of $0.25. Bitcoin Cash by 1.07% over the past day to $231.73, Binance coin by 1.04% to $28.74, Polkadot by 3.45% reaching $4.33 while Chainlink surged by 4.74% to $10.6.

As recently reported in our cardano news, Cardano NEW CEO Frederik Gregaard, believes that the foundation will preserve its independence as the inherent separation of power is in accordance with Hoskinson’s vision. The Cardano ecosystem has a complex governance structure with its own checks and balances. There are three major players in-game: EMURGO, IOHK, and the Cardano Foundation. Now, the Cardano NEW CEO believes that the government will only get more complicated as more entities join. He said that the independence of the foundation will remain intact from Cardano’s founder Charles Hoskinson who created the structure in the first place.

eToro launched crypto staking options and the company announced today that it earlier this month so the first two assets available will be Cardano’s ADA and Tron’s TRX. Crypto staking requires the investors to lock the amount of coins based on the proof-of-stake consensus algorithm or other varieties. The investors receive the right to vote and to participate in the process of governing the network.