The crypto community is witnessing new realities in the space. Assets are reaching new milestones, and the markets are getting more intertwined with traditional finance. In a recent turn of events, barely a week after meme coin SHIB overtook Tron on the list of top cryptocurrencies, Cardano (ADA) flipped XRP to become the 7th largest crypto asset by market capitalization.
ADA Transcends XRP
Despite a significant drop from its market cap this year, the Cardano community has been bullish on the asset, especially with the upcoming Vasil Hard Fork promising significant upgrades to the network. ADA’s market cap dropped to a low of $13.8 billion this year on July 13, but that has not stopped the asset from rising to transcend XRP.
ADA’s market cap has so far been gaining, having increased to $18.67 billion on July 29 – still a significant drop from the $51 billion market cap seen at the beginning of 2022, but high enough for the asset to overtake XRP on the 7th position which currently...
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