All around the cryptocurrency industry, the bear market’s effects on the world’s largest cryptocurrencies by market cap are common knowledge. It is no exaggeration to say that the largest cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH), have been the biggest losers in the current climate. Since the summer
Cardano (ADA) and polkadot (DOT) are now fourth- and fifth-most valued crypto assets, respectively, after they both surpassed XRP in market capitalization earlier Monday. That’s due to the recent rally in decentralized finance (DeFi) and the increased cost of using the Ethereum blockchain.
According to data from analytics site Messari,