ADA, the native digital currency of the decentralized public blockchain Cardano, is one of those famous altcoins that have followed the recent splendid price rally of Ethereum (ETH), the second-biggest digital currency in the world by market cap. During the past few days, ADA’s price value has been rising up exponentially. Particularly, the price of ADA has skyrocketed today on Sunday, the 7th of February, as it has posted a significant daily price rally. Due to this bullish rally, ADA has been able to get its hands on the fourth spot on CoinMarketCap.
ADA Price Hits 24-Hour High Of $0.70
Within the duration of the past 24 hours, the price value of ADA has increased by more than 26 percent. With this amazing price gain, the coin was able to hit its 24-hour high of $0.70.
ADA’s bullish rise has not slowed down yet as the coin is still going up rapidly. At the time of writing, the coin’s price is holding at around $0.70 and is rising up with an impressive change rate of more than 25 percent during the past twenty-four hours. If we look at the performance of the coin on a weekly basis, it will surprise us as ADA is trading up by nearly 93 percent.
Also read:It is now heading towards achieving the $1 breakout. As soon as it gets this breakout, it will come close to break its all-time high value, which stands at $1.33.
Cardano Is Now The 4th-Biggest Crypto As It Overtakes Ripple’s XRP
The market capitalization of ADA has also been on a significant rise during the past few days. ADA’s market cap has blasted through the figure of $21 billion around where it is standing at the moment.
With this market cap, it is now the fourth-largest digital currency in the world. In order to get this rank, it overtook the remittance payments firm Ripple’s native digital coin XRP in market cap. XRP’s market cap is revolving around $19 billion, on the other hand. The market value of ADA is still going up with a 25.57% increase over the last day. This means that it is now eying at overtaking the world’s largest stablecoin Tether (USDT) in market cap.
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