Cardano (ADA) overtakes XRP and ranks 6th in top cryptocurrencies by market capitalisation


According to CoinMarketCap's market capitalization is now about $600 million more than XRP's. 

ADA trading volume increased by more than 70% over the past day

ADA has overcome the key resistance level of $0.5472 and now is at $0.5669, having risen almost 8 percent in the last 24 hours. The token overtook XRP, which has grown by less than 2% and now is at $0.3776 at the time of publication. According to CoinMarketCap, ADA trading volume has increased by more than 70%, and the number of transactions per day exceeds 75,000.

Cardano is a blockchain platform that plans to become the “internet of blockchains”, and although the so-called Ethereum killer still lacks several million dollars to take 5th place in the list of the largest cryptocurrencies, the potential of the project cannot be underestimated.

Cardano's Hard Fork

After several delays and postponements, the Cardano developers explained on Twitter that the main network should be carefully prepared before the Vasil hard fork. First, 75% of the blocks of the main network should be reoriented to the Vasil node. Then it is necessary to connect about 25 exchanges representing the lion's share of the available liquidity before the update takes place in accordance with Utoday. Finally, the leading decentralized applications (dApps) based on Cardano must be updated to node version 1.35.3. Minswap before the main network update is launched.

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