The global crypto market is experiencing a small relief rally. Cardano is leading the bounce with a 27% price surge, overtaking Ripple to become the sixth-largest cryptocurrency by market capitalization.
Cardano Flips Ripple
Cardano is outperforming the majority of the cryptocurrency market.
The smart contract blockchain’s ADA token has rallied 27% on the day amid a market-wide bounce, surpassing Ripple to reclaim its place as the sixth-largest cryptocurrency by market capitalization. The rally comes ahead of Cardano’s highly-anticipated Vasil hardfork upgrade; the blockchain is slated to see a testnet release on Jun. 2 with a mainnet launch on Jun. 29. Upon full release, the Vasil upgrade will represent the network’s most significant overhaul since the Alonzo hardfork in September 2021.
While the Alonzo upgrade gave Cardano smart contracting capabilities, unlocking a range of new DeFi use cases, the upcoming Vasil hardfork will supposedly improve the scalability and usability of...
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