Cardano Rises, While Bitcoin and Ether Trade Lower

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Cardano was the only top 10 unstable coin trade in the green on Wednesday as Bitcoin and Ether slipped after hitting all-time highs a day earlier.

Blockchain platform Cardano’s ADA token rose more than 3% to $ 2.23 in early Asian exchanges on Wednesday, taking its seven-day gains to over 13%.

Cardano’s ADA token, which has a supply cap similar to bitcoin’s, remained over 28% of its record high of $ 3.09 reached in early September, according to CoinGecko.

Bitcoin and Ether down

There is a maximum supply limit of 45 billion ADA tokens against Bitcoin’s hard cap of 21 million.

Bitcoin was trading down 2.7% on Wednesday at $ 66,438.97. The number one cryptocurrency hit a record high of $ 68,641.57 a day earlier. Ether was down 2.3% to $ 4,699.60.

Meanwhile, Apple CEO Tim Cook told the DealBook conference that he owns a cryptocurrency and added that Bitcoin is something he is interested in.

Litecoin

Elsewhere, Litecoin jumped more than 4%, after AMC Entertainment movie chain chief executive Adam Aron said the company was on track to accepting cryptocurrencies for card purchases. AMC gifts by the end of the year.

“As you know, you can now buy AMC gift cards using cryptocurrency, and our IT group is writing code so that we can soon accept online payments in Bitcoin, Ethereum, Litecoin, and Dogecoin, among others. “Aron tweeted on October 29.

Aron had also conducted a Twitter poll on whether AMC should next accept Shiba Inu for gift card payments.

Meme coins Shiba Inu and Dogecoin down more than 4% in early Asian exchanges on Wednesday.

Read more: Exclusive: This CEO calls the SEC’s crypto bluff

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