Mid-cap alts soar, with Tezos, Cardano hitting all-time highs

Bitcoin and Ethereum are little changed this morning but a number of mid-cap altcoins are flying high.

QTUM is up 82 per cent in the last 24 hours, Ethereum Classic has added another 50 per cent to continue its wild ride, EOS has advanced 40 per cent and Tezos gained 24 per cent to hit an all-time high of US$8.27. (Stockhead had reported two days ago that Tezos looked poised for a breakout, back when it was trading at $6).

Also, Cardano (ADA), the No. 7 crypto, hit an all-time high of US$1.69 yesterday afternoon after weeks of trading in a range.

At 12.19pm AEST, the top five coins were all down, including Dogecoin which had fallen 16.6 per cent to US52.9c. It had hit its risque price target of US69c on Wednesday afternoon (May Fourth, aka Star Wars Day, in much of the world).

But notwithstanding the majors’ dip, 53 of the top 100 coins were up — 18 of them by double digits. It’s not a common situation, as usually the market moves in tandem with BTC.

Crypto market
Coin360

But Bitcoin’s share of the overall cryptocurrency market has slipped to just 45 per cent, its lowest level since July 2018, down from over 70 per cent at the start of the year.

 

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The post Mid-cap alts soar, with Tezos, Cardano hitting all-time highs appeared first on Stockhead.

Barry Stroman was a reporter for Zerg Watch, before becoming the lead editor. Barry has previously worked for Wired, MacWorld, PCWorld, and VentureBeat covering countless stories concerning all things related to tech and science. Barry studied at NYU.

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