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Cardano<\/strong><\/a> (CRYPTO: ADA) remained buoyant amid a sea of red as the global cryptocurrency market cap fell 2.94% to $1.86 trillion on Thursday night.<\/p>\n What Happened: <\/strong>ADA traded 2.28% higher at $1.87 intraday and shot up 35.78% over a seven-day trailing period.\u00a0<\/p>\n See Also: <\/em>How To Buy Cardano (ADA)<\/em><\/a><\/p>\n Over 24 hours, the Charles Hoskinson<\/strong> created cryptocurrency rose 4.85% and 5.98% against Bitcoin<\/strong> (CRYPTO: BTC) and Ethereum<\/strong> (CRYPTO: ETH), respectively.\u00a0<\/p>\n BTC was down 2.43% over 24 hours at $44,631.38. The apex cryptocurrency rose 10.31% higher for the week.<\/p>\n The second-largest cryptocurrency by market cap, ETH, fell 3.42% to $3,066.35 over 24 hours. Over the last seven days, ETH gained 9.51%.<\/p>\n Shiba Inu-themed Dogecoin<\/strong> (CRYPTO: DOGE) traded 1.3% lower at $0.27. For the week, DOGE rose 33.73%.<\/p>\n NEAR Protocol <\/strong>(CRYPTO: NEAR) was the top gainer on Thursday night rising 12.09% to $3.36. For the week the token of the Layer-1 protocol rose 34.74%.<\/p>\n NEAR rose 14.86% and 16.11% over 24 hours against BTC and ETH.<\/p>\n Other notable intraday gainers included The Graph<\/strong> (CRYPTO: GRT), Chiliz<\/strong> (CRYPTO: CHZ), and SushiSwap<\/strong> (CRYPTO: SUSHI).<\/p>\n GRT spiked 10.7% to $0.89, CHZ was up 9.85% to $0.36 and SUSHI traded 8.55% higher at $12.24 over 24 hours.<\/p>\n Why It Matters:<\/strong> Bitcoin has not indicated a push above the $46,000 levels it touched this week, but it has not lost major ground either.<\/p>\n Matt Blom, digital-asset company Eqonex\u2019s head of trading said \u201cThere just isn\u2019t much of an appetite right now for bitcoin above $46,000, but you\u2019re not seeing a massive sell-off either,\u201d reported<\/a> CoinDesk.<\/p>\n On Ethereum, Lukas Enzersdorfer-Konrad<\/strong>, chief product officer at Bitpanda said that the London hard fork ushered fees mechanism \u201clooks to be bullish for the ETH price.\u201d<\/p>\n See Also: <\/em>Is Now The Time To Buy Into Ethereum Classic (ETC)?<\/em><\/a><\/p>\n Enzersdorfer-Konrad said Ethereum is slowly \u201cdecoupling\u201d from Bitcoin and the higher year-to-date returns of the latter are a pointer to that effect. BTC and ETH\u2019s YTD returns stood at 53.07% and 313.47% respectively at press time.<\/p>\n \u201cThe reduction in the amount of new coins being minted, as well as a burn mechanism that reduces the supply, could be a catalyst for Ethereum\u2019s price and could translate into higher returns than those for Bitcoin in the longer term,\u201d said the analyst via email.<\/p>\n Meanwhile, ADA\u2019s weekly gains have left behind those made by DOGE, ETH, and BTC as buzz builds up ahead of a Friday announcement<\/a> on smart contract implementation schedule.<\/p>\n Read Next: <\/em>Is Crypto ‘Alt Season’ Back With Beyond-Bitcoin Rally?<\/em><\/a><\/p>\n<\/p><\/div>\n