Cardano [ADA] and IOTA [MIOTA] prices shoot up; purple patch seen across cryptocurrencies

The market opened on Wednesday to most cryptocurrencies witnessing a bullish run on the crypto charts. The top ten cryptocurrencies had a better week than the last with major fluctuations occurring among them which even saw XRP overtaking Ethereum [ETH] in terms of market cap. Cardano [ADA] and IOTA [MIOTA] also saw a significant 24-hour growth.

At the time of writing, Cardano [ADA] was rising at the rate of 4.84% with a total market cap of $2.822 billion. The cryptocurrency was trading at $0.08 with a market volume of $71.041 million. Most of Cardano’s trade volume was held by Binance, with a majority of 28.98%. The 24-hour trade volume on Binance was $21.525 million. However, Cardano’s scenario was very different on Tuesday when the coin was dropping at the rate of 9.96%.

Cardano enthusiasts made their happiness evident on social media, with Tim Cob, a Twitter user commenting:

“Holy s**t!  I knew this would happen? Time to buy some more ADA.”

IOTA was another cryptocurrency riding the bull. At press time, IOTA was surging at 4.332% with a total market cap of $1.552 billion. MIOTA was trading at $0.558 with a 24-hour market volume of $25.887 million. Binance held the majority trade volume for IOTA too, holding a 30.07% stake of the total volume.

IOTA was in the news recently when the Foundation announced its partnership with ENGIE Lab Crigen, a research group dedicated to energy resources. According to the blog, the Memorandum of Understanding [MOU] signed between the parties established a deal of mutual cooperation between the IOTA Foundation and ENGIE.

MegaCrypto, a cryptocurrency enthusiast stated:

“Fujitsu, ENGIE and now this! Hell yeah!”