Cardano (ADA) Jumps to Top Section of Weiss Crypto Ranking
2024-11-23

Cardano ADAUSD, the ninth largest cryptocurrency, is now ranked in the "A" category of Weiss Crypto rating. Cardano ADAUSD is the second altcoin in the category, only accompanied by Ethereum ETHUSD and Bitcoin BTCUSD. The ADA price tripled in 30 days while the DeFi TVL reached record highs.
Cardano ADAUSD joins BTC, ETH in Weiss Crypto elite club
Cardano ADAUSD, the core native cryptocurrency of the eponymous blockchain, celebrates its "A" category appearance in Weiss Crypto ranking. Only Bitcoin BTCUSD and Ethereum ETHUSD had been labeled by this status before. The updated ranking was released yesterday, Nov. 22, 2024.
We have just upgraded $ADA to an "A-" rating.
Cardano joins $BTC and $ETH as the only cryptos in the "A" range: https://t.co/5bmXLxwmQm
The overall ranking for Cardano ADAUSD is A. The project received A- for Technology/Adoption grade ("Good" adoption and "Excellent" technology) and B for Market/Performance grade. As per Weiss Crypto observers, the Cardano ADAUSD price showcases "Good" risk and momentum.
Algorand (ALGO), Avalanche AVAXUSD, Celestia (TIA), Pendle (PENDLE), Solana SOLUSD, Dogecoin DOGEUSD, Render Token (RENDER), XRP, Stellar (XLM), Arbitrum (ARB), Chainlink LINKUSD, Fantom FTMUSD, Litecoin (LTC), Tron TRXUSD, Toncoin (TON) and ZCash (ZEC) were labelled as B-category cryptos in the newest ranking.
Arpa (ARPA) and Veracity (VRA) dropped to D-category ranking.
As covered by U.Today previously, Cardano ADAUSD might be among potential candidates for spot ETF approval in the U.S.
Analyst Nate Geraci claimed ADA and AVAX would join XRP and SOL in the altcoin ETFs race.
Cardano ADAUSD hits all-time high in major DeFi metric
In the last 30 days, the ADA price witnessed impressive growth. Cardano ADAUSD jumped from $0.33 to an unbelievable $1.1 per coin. The net ADA capitalization touched $40 billion.
Cardano's ADAUSD price absolute high occurred in September 2021 when ADA soared over $3. At the same time, for the Cardano ADAUSD DeFi ecosystem, this cycle already smashed through all records.
The total value locked across all Cardano's DeFi protocols hit a new ATH today at $621 million in equivalent, DefiLlama says. Almost half of this sum is locked in Liqwid and Minswap, two dominant Cardano DeFis.
Liqwid, Lenfi and Indigo are the fastest-growing Cardano DeFi protocols.