Cardano (ADA) is now the 6th largest cryptocurrency by market cap.
Cardano (ADA), after losing its place to BUSD a few days back, flipped XRP to become the 6th largest cryptocurrency by market cap. After the surge in BUSD’s valuation caused ADA to lose 7th place amongst the top 10, ADA gained momentum to get back to its previous position and move up higher, dethroning XRP.
The market cap of Cardano now stands at $19.7 billion. ADA broke past its $0.55 resistance after facing several rejections during the past two months. The surge comes after several successive relief rallies, after which ADA was trading comfortably at $0.58, up by 4.10% in the last 24 hours. ADA will now be eyeing the next resistance at $0.65.