Cardano Just Flipped Ripple As The 7th Most Capitalized Cryptocurrency

Cardano

Cardano (ADA) has just flipped XRP as the 7th most capitalized cryptocurrency according to market cap. This was seen from data from Coinmarketcap and Coingecko.

On Sunday, September 4, ADA market capitalization rose to $17.1 billion, while that of ripple was $16.4 billion.

ADA has put up an impressive performance in the past 7 days and has continues to do so despite a generally slow coin market.

ADA is trading at $0.5005 at the time of filing. This is a 6% rise in the past 24 hours. On the 7-day chart, ADA is up by 12%.

Ripple XRP Market Capitalization

On the other hand, XRP is trading at $0.3307, having gained less than 1% in the past 24 hours. On the 7 day chart, XRP is down by 1.4%.

Ripple has struggled since its parent company, Ripple Labs started defending its activities against a series of lawsuits, first by aggrieved investors and later from the Securities and Exchange Commission (SEC).

Planned Cardano Network Upgrade

Cardano Foundation, announced on September 2, that its latest upgrade, the Vasil is due for September 22.

According to the update:

“Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet.”

IOHK, the company behind the development of the Cardano blockchain also announced a partnership with Stanford University in the development of a blockchain research hub.

Ripple Swell for London

Despite its legal battles, Ripple Labs has held its head high and this has translated to its cryptocurrency, XRP, holding its own among the top coins.

A recent update by the company said that RippleSwell, its flagship event, is scheduled for November 16 and 17 in London.

“We can’t wait to be back in person for our flagship event #RippleSwell Global in London this Nov. 16-17. Attendees will hear from leaders across crypto, payments, financial services, economic policy and more.”

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Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative review of projects with the aim to determine the authenticity of their claims.

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