Cardano (ADA) price has skewed way up by over 8% in the past 24 hours; peaking at $0.51. ADA has now outstripped XRP in terms of market cap with now valued at $17.6 billion and XRP at $17.5 billion. Nevertheless, ADA still suffered a massive decline of 83% from its all-time high in September. The upcoming launch of hard fox seems to be the impetus for the recent price spike. It was supposed to be launched in June but was postponed because of some technical problems. The date of the hard fork launch will be announced soon by the Input Output team. Suggested Reading | Solana (SOL) To Hit $166 By 2025, Despite Current Bearish Conditions ADA Trading Between Two Critical Levels For the first time, XRP was scrapped from CoinMarketCap’s top 5 list in February due mainly to U.S. SEC controversies and lawsuits. Now, Ripple has decided to hedge on Cardano. ADA price peaked last year which in turn powered up smart contracts on the blockchain. Still, ADA has a lot of catching up to do in order to keep up the pace with BNB that currently has a market cap of $42 billion. Cardano’s price ended Sunday in the red at -$0.005. It closed in red for the second consecutive time seen in the last three days. ADA price is currently trading sliced between two critical levels. And the bulls are trying to revert to the $0.64-$0.67 range. On the other hand, the bearish ADA traders are seeking to pivot and dispatch ADA’s price down testing the $...
