Monero overtakes Tether: Cardano get ready too?
Something interesting is happening in the cryptocurrency market in the last 24 hours. Monero (XMR) as of yesterday was the tenth largest cryptocurrency, but in the last day it has overtaken Tether (USDT), taking ninth place.
As of November 11, Monero cryptocurrency was trading at a price of 103.36 US dollars. The price of Tether was $ 0.998, reaching a slight increase of 0.38%.
For Monero, it did not take too long to increase the volume of trade. The price of cryptocurrency increased by 2.10% and amounted to $ 105.80. The market capitalization of XMR increased from $ 1.71 billion to $ 1.75 billion, while Tether’s market capitalization fell to $ 1.69.
It is worth noting that at Binance, the XMR / BTC trading pair rounded out at 4.30 million US dollars. Monero continues to grow rapidly, so there is a chance that it will overtake Cardano cryptocurrency (Ada), which has decreased by 1.61%.
And what do you think about this?