Is Bitcoin No Longer the Crypto Market’s Leader?


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Bitcoin reached $51,037.01 today, its highest since May 14, CoinDesk figures show.

Bitcoin prices have been doing well lately, following a steady, upward trend for the last several weeks.

But other prominent digital currencies have been outshining bitcoin lately with superior performance.

Ether, the second-largest digital asset by market value, more than doubled in recent months, and Cardano’s ada token tripled in the same time, according to CoinDesk price data.

Ether reached $4,026.93 earlier today, having climbed more than 130 after falling to a recent low of $1,711.23 on June 22, additional CoinDesk data show.

At this recent high, Ether’s market value was up over 400. In contrast, Cardano’s ada tokens has risen to an all-time high of $3.10 yesterday, data shows.

The market is largely unregulated and investors should be prepared to lose their entire investment in cryptocoins or tokens is highly speculative.

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