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Cardano jumped 25 percent to become the third-largest digital currency on the market

Cardano’s price jumped 25 percent in the last 24 hours, reaching the third rank of digital currencies in the market. The price of this digital currency has grown by about 45% over the past two weeks.

to the the report Coin Telegraph, Cardano’s price crossed the $ 1.30 list of the top three digital currencies on the market. Meanwhile, the trading volume of this digital currency also set a new record.

Cardano daily price chart
Cardano daily price chart

Cardano’s price jump started in early February (February) and at the same time with the launch of the Mary Net test. This upgrade allows the network to function like Ethereum as a multi-asset network.

Cardano’s latest price jump came after Charles Haskinson tweeted that the Marie update would take effect on the main network from the beginning of March.

On February 25, Cardano first peaked at $ 1.17 and then rebounded below $ 1 as the market plummeted. A little later, we saw a new record in the trading volume of this digital currency. Trading volume reached $ 12.8 billion, pushing Cardano to its new all-time high.

At the same time as the new price peak, Cardano’s futures contract reached $ 589 million. After recording this price, Cardano became the third largest digital currency in the market, surpassing other digital currencies.

The VORTECS Index, an algorithmic comparison of data such as market sentiment, trading volume, recent price fluctuations and Twitter activity, showed 79 on February 25 in the case of Cardano, indicating a positive trend in the digital currency.

Vertex Index
Vertex Index

Marie Update is one of Cardano’s most important updates, enabling the network to operate smart contracts. Once implemented on the main network, decentralized finance (DeFi) applications can run on Cardano; In this way, the developers of such applications can escape the heavy fees of the Ethereum network.


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