Why Is Cardano (ADA) Surging While Bitcoin, Ethereum, Dogecoin Slump?

Why Is Cardano (ADA) Surging While Bitcoin, Ethereum, Dogecoin Slump?

Cardano ADA/USD traded 4.79% higher at $1.35 over 24 hours on Tuesday night.

What’s Moving? The Charles Hoskinson-founded cryptocurrency is up 5.46% over a seven-day trailing period.

ADA rose 6.55% and 6.52% against Bitcoin BTC/USD and Ethereum ETH/USD respectively.

Since the year began, ADA has shot up 666.40%.

See Also: How To Buy Cardano (ADA)

Why Is It Moving? ADA is seeing high interest from social media users and trended on Twitter Inc’s TWTR platform, according to data from Cointrendz. The cryptocurrency was also seen trending on CoinMarketCap.

On Tuesday, Sebastien Guillemot, chief technology officer at dcSpark, a crypto ecosystem builder, said that “Cardano was finally listed in Japan.” Guillemot noted that Japan has strict rules for crypto exchange listings and only a small number of tokens can be listed in the country.

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