Cardano (ADA) Successfully Moves Binance (BNB) From Third Position Of Cryptocurrency Based On Market Capitalization

Cardano enters ranking of 3 cryptocurrencies after shifting BNB (Coinkolik)

JAKARTA - The cryptocurrency founded by Charles Hoskinson, Cardano (ADA) managed to break its all-time high price (ATH). ADA also managed to pass Binance (BNB) from the third position in the market cap.

Launching from Coindesk, ADA's market capitalization has crossed 80.7 billion US dollars (Rp1.1 quadrillion) surpassing Binance's market capitalization of 72.1 billion dollars (equivalent to Rp1.0 quadrillion) according to data reports from Messari.

Surprisingly the price of Cardano (ADA) continued its upward trend from last week until it broke through to its latest ATH. ADA has experienced a surge in recent days, Cardano managed to experience an increase of 150 percent from its lowest price since July 21 which was at the level of 1 US dollar.

The increase in ADA prices was also triggered by an increase in developers who presented Alonzo upgrades which had a significant impact on investors. This improvement is part of an effort to bring smart contract functionality. The upgrade is scheduled to be carried out on October 1 next.

ADA has gone through a number of stages such as Byron's base phase and Shelley's decentralized phase. Based on the Cardano Roadmap, smart contracts will be launched when the development project enters its third era, Goguen

The cryptocurrency Cardano was launched in 2017 and was developed by the co-founder of Ethereum, Charles Hoskinson. Cardano aims to deliver decentralized applications (dApps) quickly, securely, and efficiently. At the time of writing, Cardano is trading at Rp37,751 based on data reports from CoinMarketCap.