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Cardano grows 92% over the week and becomes the fourth largest capitalization

The price of Cardano (ADA) rose 92.5% over the week. The cryptocurrency has secured the fourth place in the rating by capitalization with an indicator of $ 21.2 billion.

On Sunday, February 7th, the coin hit $ 0.708 but later pulled back to $ 0.580. At the time of writing, the asset is worth $ 0.670, according to CoinGecko.

In the rating by capitalization, Cardano has displaced XRP from Ripple with an indicator of $ 19.6 billion to the fifth line.

Data: CoinGecko.

Earlier, the developers announced the Allegra hard fork on the Cardano network. According to them, the upgrade will improve the efficiency of the blockchain, add token blocking functionality and be an important step towards a major Goguen upgrade.

What is Cardano?

Recall that on January 27, the asset management company Grayscale Investments filed applications for the registration of six new trusts, including those based on Cardano.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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