By market capitalization, Cardano’s native token, ADA, has surpassed XRP to become the world’s sixth largest cryptocurrency. According to CoinMarketCap, ADA has a market capitalization of about $88 million more than XRP.
ADA’s trading volume increased by over 70% in the past day
ADA broke through a critical resistance level of $0.5472 and is now trading at $0.5583, a nearly 8% increase in the last 24 hours. It outperformed XRP, which gained less than 2% and is currently trading at $0.5871 as of press time.
ADA appears to be well on its way to the moon! In the previous few hours. According to CoinMarketCap, its trading volume increased by more than 70%, and the network now processes 75,000 transactions per day, according to the blockchain’s explorer.
According to Forbes, Cardano is a blockchain platform that aims to become the “internet of blockchains.” While the so-called Ethereum killer is still several millions of dollars away from ranking fifth on the list of largest cryptocurrencies, the market should not underestimate the project’s potential.
Cardano developer Input Output suggests date For Hard Fork.
After several delays and postponements, Cardano’s developer Input Output explained on Twitter that the Vasil Hard Fork’s Mainnet had to be executed and managed securely before it went live.
It outlines three indicators determining when the hard fork’s mainnet launch will occur.
It explained that the final Vasil node candidate must create 75% of mainnet blocks.
Then, according to Utoday, approximately 25 exchanges representing the lion’s share of available liquidity must be onboarded before the upgrade.
Finally, before the mainnet upgrade, the leading Cardano-based decentralized applications (dapps) must upgrade to node version 1.35.3. Minswap.