The native blockchain token of Cardano, ADA, has surpassed Dogecoin (DOGE) in the CoinMarketCap list of major cryptocurrencies. Cardano’s token capitalization has increased by $2 billion in the previous week, as ADA has risen by more than 15%.
Simultaneously, the price of DOGE, following the expansion of the whole crypto market spectrum, increased by less than 14%, adding just $1.3 billion to the market capitalization of the total Dogecoin supply.
Cardano token is the eighth biggest crypto asset by market capitalization as of today, while Dogecoin is the ninth. Both tokens are far from their nearest neighbours, with the Polygon blockchain token completing the top 10 and the Binance stablecoin, BUSD, lying at the closest top.
Globally, the surge in ADA’s price has been affected by the complete rise in the cryptocurrency market over the last week. Nevertheless, it is crucial to examine Cardano as a blockchain today, particularly because a new development report has been published after almost 30 days.
Since mid-December, 2.1 million transactions have flowed over the blockchain, bringing the total to 58.7 million. Simultaneously, eleven additional projects with a total of 1,162 have been added to Cardano, and one has been completely launched. The release of the first version of a framework for constructing bespoke sidechains for Cardano is also noteworthy.
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