Cardano climbs 92% in a week to fourth by market capitalization

Cardano (ADA) price rose by 92.5% over the week. The cryptocurrency settled in fourth place in the ranking by market capitalization with a figure of $21.2 billion.

On Sunday, February 7, the coin hit $0.708, but later retraced to $0.580. At the time of writing, the asset’s price stood at $0.670, according to CoinGecko.

In the market-cap ranking, Cardano displaced XRP from Ripple into fifth place, with a market cap of $19.6 billion.

Data: CoinGecko.

Earlier, the developers announced the Allegra hard fork in the Cardano network. According to them, the upgrade will improve blockchain efficiency, add a token-locking function, and become an important step on the path to the major Goguen upgrade.

What is Cardano (ADA)?

On January 27, Grayscale Investments filed applications to register six new trusts, including one based on Cardano.

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