Tron (TRX) and Cardano (ADA) have been struggling for the 10th position on CoinMarketCapital.com. While Tron has been having a lot of positive Tron (TRX) news for some days now, Cardano (ADA) managed to take the 10th position from Tron in a bullish rally this morning. It’s important to note that at the time of writing, TRX had reclaimed this position.
Tron TRX New Today: TRX Vs ADA On CoinMarketCapital
This morning, the price of ADA moved up by almost 8% against the USD. It was this bullish surge in price that allowed it to take over from Tron (TRX) for a while. The TRX price quickly had a major comeback spiking by more than 5% and reclaiming its position as the 10th largest cryptocurrency per market capitalization.
TRON (TRX) Price Today – TRX / USD
The price of ADA spiked along with other altcoins even if Bitcoin, Ethereum, and XRP are currently red against the USD. One possible catalyst for the ADA price hike is the anticipation caused the Cardano 1.5 upgrade. The upgrade is one of the reasons for the bull run and it seems like Cardano was the first altcoin to start trending higher against the USD.
Cardano (ADA) Price Today – ADA / USD
The Cardano 1.5 was released today on the Cardano mainnet. This upgrade is significant because it is the last major upgrade on the Cardano Byron development phase. Apart from the release of the Cardano 1.5 update, the Cardano development team also announced the release of the Cardano 1 5.1 upgrade. This upgrade, according to IOHK, is meant to fix some minor issues that were not addressed by the Cardano 1.5 upgrade. The Cardano 1.5.1 upgrade is going to solve the log rotation bug and the data migration issue. A post on Twitter was as follows;
“IOHK has released Cardano 1.5.1 on the Cardano mainnet. The Cardano 1.5.1 release is a small update which fixes two issues. The update will be delivered via a prompt in Daedalus to all users shortly.”
Meanwhile, part of the announcement from IOHK was as follows;
“Today we release Cardano 1.5.1 on the Cardano mainnet. The Cardano 1.5.1 release is a small update which fixes two issues: A data migration issue which was causing the spending password not to be.”
Apart from the price surge, the trading volume of ADA is also up. At first, it seemed like ADA will surge above Tether (USDT) and take the 9th position as well. Unfortunately, the bulls seem to have lost their steam. At the time of writing, ADA was trading at $0.059200. This means that it is up by 1.32% against the USD and up by 1.91% against BTC. The trading volume over a 24 hour period is $109,636,801 and the market capitalization is $1,534,886,885. The next few days of trading will determine if the price action will change.
Meanwhile, TRX is trading at $0.023833. This shows that it is up by 4.57% against the USD and up by 5.18% against BTC. The trading volume over a 24 hour period is $270,679,716 and the market capitalization is $1,589,200,915.
What do you think about the Tron TRX news today? Will ADA move to the 10th level again? Share your thoughts in the comment section.