- Cardano flips XRP to reach sixth in the top 10 coins by market capitalization.
- This made Cardano reach $20 billion in market cap.
- The price of the coin has also surged in the past 24 hours.
Cardano made a surprising yet convincing move in the intraday trading, which made the coin flip XRP in market capitalization. The coin pushes back XRP to reach sixth among the top 10 coins by market capitalization. At that moment, ADA was hovering at a market cap of $20 billion, which now slightly dipped to $19,807,467,780.
XRP is now at the seventh position with a market cap of $18.99 billion and a price of $0.3867. Adding on, the coin is 11.9% up in the past 24 hours and shows a 4.08% uptick in the past seven days.
ADA is now registered at $0.5861 and shows a 4.79%+ variation between its highest points in the past day and the present. Also, its price is 5.6% and 13.8% up in the past 24 hours and past seven days respectively.
Despite the fact that ADA is now signaling green, its trading pattern from June 9 to August 11 shows that the coin has steeply declined. Additionally, there has been a 16.7% price decrease during this downswing.
Meanwhile, there has also been a 32.7% plunge recorded for the price values between June 9 and July 12.
Looking at the weekly trading chart, ADA has been moving through an uptrend since July 18, and currently, its intraday high is $0.5948.
To note, supporters like Dan Gambardello remarked that Cardano’s price might rally as the platform would soon launch its Vasil hardfork. Moreover, along with the global crypto market spiking forward at the moment, the price of the ADA is also expected to bloom in the following days.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinEdition. No information in this article should be interpreted as investment advice. CoinEdition encourages all users to do their own research before investing in cryptocurrencies.