Cardano [ADA] stands below XRP by market cap, but daily gains state otherwise
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Cardano [ADA] has been building lately ahead of the Vasil hardfork. This has resulted in a significant increase on the ADA prices. Since 9 September, ADA went as high as 8.5% on the daily chart but the surge has since slowed down.
At press time, ADA was up by 3.5% according to CoinMarketCap and was trading at $0.51. However, it has since gone below XRP by its market cap, which stood at $17.45 billion.
The ADA price movement has been aided by a modest increase in Cardano-based projects in the past week. According to Cardano Daily, projects building on Cardano have been showing a high engagement on social channels.
HOSKY token has shown the highest engagement in the past week with over 4.9K mentions. Jpg.store comes next with a total engagement of 1.8K per the update. The same entity has also updated the list on the top gainers on Cardano in the past 24 hours. The IAG token showed the best growth by a margin of 13.1%. AGIX follows it with over 11% at the second spot.
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