Cardano which is currently listed as the number 11 largest digital asset by CoinMarketCap, has done well in recent weeks. The coin’s closest rival Tron hasn’t matched the kind of performance put out by Cardano. Per CoinMarketCap data, the price of ADA is currently sitting at $0.059621.

A price drop of 2.57% was reportedly observed in ADA. The digital asset has total circulating supply of 25,927,070,538 ADA tokens as of when this report was published. ADA also has a daily trading volume of $48.814 million at press time with a total market capitalization of $1.545 billion.

Cardano (ADA) Price Today – ADA / USD

Name Price Cardano $0.059 -0.87%

The Postponement of Warren Buffet’s Lunch with Tron CEO Didn’t Favor the Price of TRX

Tron, the digital asset that is closely computing with Cardano head-on hasn’t really found its footing in recent weeks. The network has tried to use many initiatives to improve the fortunes of TRX but it is still behind its competition. TRX price is just trailing after the price of Cardano and is still listed behind in CoinMarkeCap’s top crypto ranking by market cap.

The report that Justin Sun, the CEO and founder of the Tron protocol will be missing his dinner with business mogul and institutional investor, Warren Buffet, didn’t help the course of TRX against its Rival. TRX reportedly recorded huge losses in its value when the Buffett lunch was postponed due to Sun coming down with Kidney Stone.

Sun had also invited the CEO of Poloniex and Circle along with the head of Binance Charity and eToro for the lunch. Sun also invited Litecoin’s creator to the meeting with Buffet.

TRX Enthusiasts BitBoy Crypto and CryptoWendyO Had Lunch with Buffet

Although the Buffet lunch was postponed, it is understood that a table at Quince had already been booked so there was a meeting after all. Only that it was without Sun. A vast number of TRX enthusiasts, including the likes of BitBoy Crypto as well as CryptoWendyO, had lunch with Buffet.

It is weird to state that only a day after he was down with kidney stones, Sun actually went for a party. It is safe to say it would have benefited his network if he chose to meet with Buffet for the lunch date as opposed to partying just one day after Sun was diagnosed with kidney stones. All in all, there is reportedly now a difference of $80 million between the market cap of TRON and Cardano as of press time.

Cardano’s PoS Consensus is still in the Works

There is also more to come from Cardano which can propel its position in the crypto scene. For example, Cardano’s Proof of Stake (PoS) protocol is being in the planning stage. The Cardano community is said to be patiently waiting with bated breath for it to go live. Once the upgrade arrives, staking rewards on the network will be made possible. What this means is that Holders of ADA can successfully lock or store their coins in a pool and expect to earn up to 5% worth of rewards in the end.

For the digital asset to progress even further, the resistance area near the $0.061 position must be broken. The price of ADA should hope to keep its position in the rankings above both Tron its closest rival and Monero as well. Both of these tokens have their own dedicated fan base.

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