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Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High

Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High

The Cardano network token has toppled Dot to become the crypto-asset with the fourth-highest market capitalization. This new Cardano position comes after its price surged by more than 85% from $0.35 on February 1 to $0.68 on February 7. With the new price, the token’s market capitalization has now moved from $11 billion to the $21.8 billion mark.

Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High

Four Ranked Tokens

As a result, the open-source blockchain’s ADA token has now become the third crypto to be ranked at number four within the first few weeks of 2021. Before ADA, it had been the XRP and Dot tokens that have been swapping this position.

As markets.Bitcoin.com charts show, the ADA token also briefly peaked at $0.69 for the first time since January 2018. However, the new 52 week high is still half of the all-time high of $1.30.

Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High

Dogecoin’s Continuing Rise

In the meantime, Elon Musk’s favored crypto, dogecoin has surged to a new all-time high (ATH) of $0.0814. The new ATH follows continuing celebrity endorsement of the token with Snoop Dogg and Gene Simmons being the latest to talk up the token.

Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High

At the time of writing, the meme token was trading at $0.077, which translates to a gain of 24% in just 24 hours. At this price, the token’s market capitalization of $9.8 billion sees ADA pip the Chainlink token into the tenth place.

Meanwhile, despite dogecoin’s apparent endorsement by influential figures as well as its large traded volumes, many within the crypto industry remain skeptical about the token. Others have expressed concern about dogecoin’s distribution which they say is very concentrated.

Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High

Still, others like Twitter user Investor Alex say they “do not think dogecoin is going away any time soon.” The user insists that the token’s rise is the perfect demonstration of “the power of retail investors and celebrity endorsements.”

What are your thoughts on ADA and Dogecoin’s new rankings? Tell us what you think in the comments section below.



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