(ADA) Cardano rose 9.58%, taking the top spot among top cryptocurrencies. In the past 24 hours, BNB of the BNB network has grown by 3.13%, Solana’s SOL by 9.28% and XRP by 2.21%. Bitcoin (BTC) and Ether (ETH), added almost 6%.
A little about Cardano:
Cardano is a blockchain platform with the Proof -of Stake mechanism, which was founded back in 2017 and named after 16th-century Italian polymath Gerolamo Cardano. Ada Lovelace, a 19th-century mathematician and the world’s first programmer, became the inspiration for the name after her native ADA token.
The ADA token is necessary for owners to work online, since thanks to the token, owners have the right to vote for any changes in software.
Cardano is used by agricultural companies to track fresh produce from the field to the counter, while other products created on the platform allow you to store educational documents in an unauthorized way, and retailers stop counterfeit goods.
ADA’s online trading volume was $11.15 billion by 6 .06.22, up nearly 350% year-to-date. The release of the first decentralized applications and solutions built on the ecosystem influenced such rapid growth.At the moment, Cardano is trading for $ 0,609, showing an increase in 9.58% in 24 hours.
By CoinMarketCap
The price increased after a sharp rise in Cardano whale transactions. ADA’s Vasil Harfork will soon take place, which is probably the reason for the growth.
ADA’s Vasil Harfork, the update all owners expect, will bring several CIPs to life. With their help, transaction fees and processing time will be reduced, which will help Cardano become one of the fastest and cheapest networks in the industry.
According to IOHK data, 992 projects are currently under construction on Cardano, up from 986 previously.
Cardano’s native tokens number more than 5 million, and the number of NFT projects has reached 5,796.
A new test network is scheduled to be launched this week for final testing by Vasil development teams ahead of the Harfork of Cardano’s main test network.
The influx of funds to Cardano is growing, and at the current rate of build-up in the next few months, ADA stocks could surpass Ethereum.
At the time of writing, the Coinmarketcap Cardano ranks 6th, adding 9.58% in price in the last 24 hours and 15.44% in 7 days, and being after BNB in 5th place, and right in front of XRP in 7th.
At the moment, Cardano has a market capitalization of $ 20,752,404,648, adding 10.17% over the past 24 hours.The cryptocurrency also posted a 24-hour trading volume of $ 1 180 452 509, up 173.92% from yesterday.
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