Cardano [ADA] Below XRP by market capitalization, but daily gains suggest otherwise

Cardano [ADA] Recently built for Vasil hard fork. This resulted in a significant increase in ADA rates. Since September 9, the ADA has risen to 8.5% on the daily chart but gains have since slowed.

At press time, ADA is up 3.5% according to CoinMarketCap and is trading at $0.51. However, it has since fallen below XRP with a market capitalization of $17.45 billion.

ADA is based on

ADA’s price action has been supported by a modest increase in Cardano-based projects over the past week. according to Cardano DeliProjects based on Cardano have shown great interaction on social channels.

The HOSKY token showed the highest interaction in the past week with over 4.9K signals. Jpg.store comes next with a total share of 1.8k per update. The same device also has updated List of top Cardano winners of the last 24 hours. The IAG token showed the best growth with a margin of 13.1%. AGIX follows it with more than 11% in second place.

In addition, Cardano builder Input Output has released the latest version of the Daedalus wallet with several important fixes. The team shared this update regarding Daedalus 5.0.0 Mainnet on the social media platform. Meanwhile, for existing users, the team instructionsAnd the

Existing users will be prompted to update via the Daedalus news feed. If you are new to #daedalusAnd if you want to download this new version, remember to download it only from the official site: daedaluswallet.io/en/download/ “

Input Output has also posted a weekly update on Cardano’s development for the past seven days. The network is expected to complete 50 million transactions in the next few days.

It also shuts down 3,200 Plutus scripts while launching a Hydra node upgrade to increase efficiency. Artano, a community-driven non-fungible token marketplace (NFT), recently shared a blog post detailing its main development options. Artano’s test results show a fee reduction of up to 76-77% and a reduction of up to 92% in transaction volume.

It remains to be seen how Cardano will react once Vasil is released onto the network. But for now, investors are enjoying the price hike.

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