The Balances Are Changing in the Top 10: Cardano Overtakes XRP! What’s the Cause of Ascension?

According to data provided by CoinMarketCap Cardano (ADA) The price has increased by about 5% in the last 24 hours. Thus, the top 10 cryptocurrency It became the best performing token among

Cardano Managed to Overtake Ripple (XRP)

After the last price increase, ADA, Ripple token XRP surpassing it to take back the sixth place by market capitalization.

ADA’s market cap is now approaching $20 billion.

The token price skyrocketed after Input Output, the tech company behind Cardano, updated on the upcoming Vasil hard fork.

The major upgrade, originally expected to take place in July, was delayed due to technical difficulties. In early August, Input Output CEO Charles Hoskinson said that Blockchain is in the final stages of testing, meaning there will be no significant delays.

Input Output has repeatedly stressed that it wants to eliminate all technical issues to ensure the release of the Vasil hard fork is as smooth as possible.

A recent report by Messari shows that the ADA token is priced “more aggressively” compared to its peers.

While the ADA token currently stands at an impressive $40 billion market cap, it has lost 80% of its value since the Alonzo hard fork last year aimed at bringing smart contracts to its network.

Earlier this week, billionaire Mark Cuban noted that almost a year after the launch of smart contracts, Cardano hasn’t had “a lot of impact.”

*Not investment advice.