Cardano [ADA] prices are up 2.81% in the past 24 hours, while the market trades in red. The sudden price rise can be attributed to the fact that recently, Weiss Crypto Ratings tweeted that Cardano is ‘Clearly Superior’ to EOS.
The Case of Weiss Crypto Ratings
Weiss Crypto Ratings, a subsidiary of Weiss Ratings in a tweet recently mentioned that the Cardano Blockchain is clearly much better than the EOS blockchain.
Both the blockchains are working earnestly on providing top-notch technological solutions. In order to compete with Ethereum’s blockchain, they are working to provide scaling, performance, and security improvements that would allow their respective blockchains to function at a commercial level on a global scale. Weiss had earlier also spoken well about Cardano. The firm further shared a screenshot which mentions that Cardano[ADA] completed its first balance check on its recently launched Shelly testnet.
However, despite this, on Weiss Crypto Rating’s official ranking page, EOS remains above with an ‘A-‘ grade as opposed to Cardano’s ‘B+’ grade.
Source- Weiss Crypto Ratings
Will Cardano Cross $0.44 Range?
ADA was facing major price fluctuations between $0.042 and $0.041. On the 10th of November, it suffered a loss of 3.79 percent and reached 0.041889. The key support levels to look out for lies between $.0421 and $0.041 with resistance at $0.043. If the prices drop they may well stay in the range of $0.40 and $0.41 range. If Cardano [ADA] manages to break resistance at $0.43, the prices may rally to 0.44 range.
The price rise has also been accompanied by a significant increase in the market cap.