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Cardano becomes the third-largest cryptocurrency by market capitalization

Cardano becomes the third-largest cryptocurrency by market capitalization

The price of Cardano (ADA) rose to a new all-time high above $1.45. The asset ranked third by market capitalization in CoinGecko’s ranking.

ADA has risen 27.2% in the last 24 hours, 46.6% in the past 7 days, and 337.9% in the past 30 days.

Top-10 crypto assets by market capitalization. Data: CoinGecko.

As of writing, Cardano’s market capitalization stands at $43.6 billion. In fourth and fifth places are Binance Coin ($35.1 billion) and Tether ($34.8 billion). Ethereum sits in second place, with a total market value of $168.7 billion.

On February 26, the Cardano development company IOHK unveiled the Glow programming language, designed to simplify writing and deploying smart contracts.

As reported, the cryptocurrency-focused investment fund FD7 Ventures plans to divest from bitcoins for $750 million in favor of Cardano and Polkadot.

Earlier ForkLog reported on how Kiss band guitarist Gene Simmons bought ADA for $300,000.

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