Tether Surpassed Cardano, Becomes Eighth Biggest Cryptocurrency

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Mon, 08/20/2018 - 13:41
Alex Dovbnya
There has been a major change inside the crypto top 10 with Tether (USDT) replacing Cardano (ADA) at eighth place
Cover image via U.Today

There has been a major change inside the crypto top 10 with Tether (USDT) replacing Cardano (ADA) at eighth place. That comes just a week ago after Tether issued a whopping number of new tokens (about $50 mln in total) on Bitfinex, provoking an anticipated bullish uptick on the market.  

The USDT token’s market cap is currently sitting at $2.73 bln, which just goes to show a sharp decline of the industry in 2018— you wouldn’t see cryptocurrencies hitting the top 10 with a market cap less than $10 mln earlier this year.
 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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