Bitcoin prices have been doing well lately, following a steady, upward trend for the last several weeks as they climb toward the record high they set earlier this year.
The world’s largest cryptocurrency by market capitalization reached $51,037.01 today, its highest since May 14, CoinDesk figures show. At this point, it had risen more than 75% since hitting a local low on June 22.
While this might sound impressive, other prominent digital currencies have been outshining bitcoin lately with their superior performance.
Ether, the second-largest digital asset by market value, more than doubled in recent months, and Cardano’s ada token tripled in the same time, according to CoinDesk price data.
Ether reached $4,026.93 earlier today, having climbed more than 130% after falling to a recent low of $1,711.23 on June 22, additional CoinDesk figures show. At this recent high, ether was up more than 400% year-to-date.
Cardano’s ada token has been benefiting from even more compelling gains, rising to an all-time high of $3.10 yesterday, at which point it had climbed