Cardano and XRP Beat Coinbase's Whole Market Capitalization Following Earnings Report

📆 11/05/2022 14:05:00
📰 Utoday_en

⏱ Reading Time:
38 sec. here
2 min. at publisher
📊 Quality Score:
News: 18%
Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

$ADA and $XRP are beating Coinbase in market capitalization following company's net loss in Q1, 2022

According to CoinMarketCap,

total market capitalization is now sitting at approximately $20.8 billion as Coinbase's capitalization is now at $19 billion, while being close to almost $40 billion only a one week ago.Cardano is not the only cryptocurrency that is beating one of the biggest cryptocurrency trading platforms in the world, as XRP's $24 billion market capitalization also ‌exceeds Coinbase.

According to the company's letter to investors, the first quarter of the new year inherited the trend of low cryptocurrency prices and high volatility directly from 2021. Because of increased risks on the market and worsening market conditions, more users had to leave the space for better times, which impacted the company's performance in Q1.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase Faces Q1 Earnings Challenge as Crypto Markets Weaken.Coinbase will seek to calm investors amid weakening crypto markets with Tuesday’s Q1 earnings report. $COIN mikeybellusci reports coinbase mikeybellusci alphadegenn
Source: CoinDesk - 🏆 291. / 63 Read more »

Cardano Founder Says Crypto Is in Bear MarketICYMI: Charles Hoskinson says a bear market is to blame for $ADA's underperformance Cardano ADA CardanoADA CardanoCommunity
Source: Utoday_en - 🏆 295. / 63 Read more »