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Cardano (ADA) Overtakes XRP to Become the Sixth-Largest Cryptocurrency

14-Aug-2022 By: Ashish Sarswat
Cardano (ADA) Overta

By market capitalization, Cardano's native coin 

ADA surpasses XRP to gain the sixth-largest position among all cryptocurrencies. According to CoinGabbar, the market capitalization of ADA is currently around $88 million higher than that of XRP.

Almost the last day, ADA's trading volume jumped by over 70%.

A significant resistance level of $0.5472 was broken by ADA, which is presently trading at $0.5583 after rising by roughly 8% in the previous day. It outpaced XRP, which gained less than 2% and was trading at $0.3814 as of the time of this writing.

ADA appears to be well on its way to $1,000,000.00. recently, a few hours ago. According to CoinGabbar, its trade volume surged by over 70%, and the blockchain explorer estimates that the network now processes 75,000 transactions daily.

According to Forbes, Cardano is a blockchain platform that aims to become the "internet of blockchains." While the so-called Ethereum killer is still millions of dollars away from reaching the fifth spot on the list of largest cryptocurrencies, the project's potential should not be discounted.

Date for Hard Fork Suggested by Cardano Developer's Input and Output

Cardano's developer Input Output revealed on Twitter, following a number of delays and postponements, that the Vasil Hard Fork Mainnet had to be run and controlled securely before it went live. The article continues by describing three markers that will decide when the hard fork's mainnet deployment will take place.

First, it was explained that the final candidate for the Vasil node must produce 75% of the mainnet blocks. Then, according to Utoday, approximately 25 exchanges representing the majority of available liquidity must be onboarded before the upgrade occurs.

Before the mainnet update is initiated, the top Cardano-based decentralised applications (dapps) must upgrade to node version 1.35.3 Minswap.

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