Simon Ng Recent market data reveals that within the top 20 cryptocurrencies by market cap, two notable assets, cardano and avalanche, have shown remarkable growth over the past week. In a seven-day period, avalanche has witnessed a 48.7% rise, while cardano has observed a 50.4% uptick against the U.S. dollar.
Weekly Top Performers: Cardano and Avalanche Achieve Significant Growth
The current aggregate value of 11,380 cryptocurrencies across 940 exchanges stands at $1.71 trillion. Of the leading 20 cryptocurrencies, bitcoin (BTC) has seen a 10.2% increase this week, and ethereum (ETH) has risen by 8.3%. However, cardano (ADA) and avalanche (AVAX) have eclipsed these figures, registering notable double-digit gains against the U.S. dollar.
ADA/USDT as of Dec. 10, 2023.
Cardano’s (ADA) value has escalated by 50.4%, touching a peak of 63 cents on Dec. 9, 2023. ADA has risen 60.4% over the past month and, over the last year, has appreciated 89.1% against the dollar. Cardano’s market capitalization now stands at approximately $20.75 billion, ranking it ninth among the top ten cryptocurrencies.
In the last 24 hours, ADA’s trade volume has reached $1.39 billion. Despite its 89.1% annual growth, the crypto asset remains over 80% below its all-time high. On Sept. 2, 2021, ADA peaked at $3.09 per coin, but currently trades at 59 cents per unit. Remarkably, Cardano has surged 2,964% from its price of roughly 1.9 cents three years prior.
AVAX/USDT as of Dec. 10, 2023.
Avalanche (AVAX) has experienced a 48.7% increase against the dollar this week. With a market cap of $12 billion, it ranks as the 11th largest cryptocurrency by valuation. Although down from its recent high of $33.98 on Dec. 9, 2023, AVAX is presently trading at $33.15 per unit. Over the last 30 days, AVAX has outperformed ADA, jumping 149%.
Year-over-year, AVAX has climbed 146.5% against the dollar. However, it is still over 77% below its all-time high of $144.96, recorded on Nov. 21, 2021. From its all-time low of $2.80 on Dec. 31, 2020, AVAX has rallied 1,067%. In the past day, avalanche has recorded approximately $1.13 billion in worldwide trading volume.
What are your views on the recent performance of ADA and AVAX? We welcome your insights and perspectives on this topic in the comments section below.
Table Of Contents
Frequently Asked Questions (FAQs) about Cryptocurrency Market Trends
What recent gains have Cardano (ADA) and Avalanche (AVAX) experienced?
Cardano (ADA) has seen a 50.4% increase, reaching a high of 63 cents, while Avalanche (AVAX) has risen by 48.7%, with a recent high of $33.98. Over the past year, ADA is up 89.1%, and AVAX has increased by 146.5% against the dollar.
How do Cardano and Avalanche’s recent performances compare to other top cryptocurrencies?
In comparison to other top 20 cryptocurrencies, Cardano and Avalanche have outperformed many, with ADA experiencing a 50.4% and AVAX a 48.7% increase over the past week, surpassing gains seen by leading cryptos like Bitcoin and Ethereum.
What are the current market capitalizations of Cardano and Avalanche?
As of the latest data, Cardano’s market capitalization stands at approximately $20.75 billion, ranking it ninth among top cryptocurrencies, while Avalanche has a market cap of $12 billion, placing it as the 11th largest crypto asset.
How have Cardano and Avalanche’s values changed over the past three years?
Cardano has surged 2,964% from its price of about 1.9 cents three years ago, while Avalanche is up 1,067% from its all-time low of $2.80 on Dec. 31, 2020.
What are the all-time high values of Cardano and Avalanche, and how do their current prices compare?
Cardano’s all-time high was $3.09 per coin on Sept. 2, 2021, and it is currently trading at 59 cents. Avalanche’s all-time high was $144.96 on Nov. 21, 2021, and is currently trading at $33.15. Both are significantly below their all-time high values.
More about Cryptocurrency Market Trends
- Cardano Price History
- Avalanche Market Performance
- Cryptocurrency Market Trends
- Top 20 Cryptocurrencies Analysis
- Cardano and Avalanche Comparative Study
4 comments
Honestly, I’m skeptical about these numbers. Are they sustainable in the long run? Seen too many spikes just crash eventually…
gotta say, the detailed analysis here is top-notch, really helps me understand the market dynamics. Keep it up!
wow, didn’t expect ADA and AVAX to surge like this! really shows how unpredictable the crypto market can be, right?
Interesting article, but what about the risks? Feels like we’re only seeing one side of the coin here…