Cardano News Today – Cardano ADA Price Moves Above The $0.05824 Level As The Bulls Maintain Their Grip 

  • Cardano price is above the $0.05824 threshold.
  • The coin’s price traded between $0.054970 and $0.058610.
  • Cardano will soon be the most decentralized token in the world.

Cardano news today – The price of Cardano reportedly grew above the $0.058024 region on Sunday, February 2. The Cardano price was changing hands at $0.058024 at press time. It would appear that the decentralized coin has gone up by 5.62% on the day after trading in the last 24 hours. The 5.62% gain posted by Cardano is reportedly the coin’s largest one-day percentage gain. The last time such a gain was attained for Cardano was on January 28, 2020. The digital asset is still enjoying the green period that started in January 2020.

Cardano’s Highest Point Brought a Market Cap of $23.91700 Billion

The price of Cardano moved and changed positions in the last few hours which brought about changes in the coin’s market capitalization. A look at the daily chart shows that Cardano’s move upward helped take its total market capitalization to the $1.50101 billion mark. This figure is about 0.57% of the total market capitalization of all cryptocurrencies. At its highest price position, the total market capitalization of Cardano was $23.91700 billion.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.080

The Cardano price had initially traded in the range of $0.054970 and $0.058610 in the last 24 hours. Additionally, in the past 7 days, the price of Cardano has seen a strong rise, as the digital asset gained an impressive 33.08%. The trade volume of Cardano over the last 24 hours of trade to when this content was written was $155.86149 million which is 0.15% of the overall trade volume of all digital currencies. The ADA price has also traded with a range of $0.0441 and $0.0586 in the last 7 days. At Cardano’s current price level, ADA is down by 95.70% from its ATH of $1.35 which was set on January 4, 2018, despite showing bullish movement.

Charles Hoskinson: Cardano Will Be the Most Decentralized Blockchain in the World

In other reports, ADA founder Charles Hoskin has made a bold claim about the coin. According to him, Cardano will one day become the most decentralized crypto in the world. He said it will be 50 to 100 times more decentralized than coin’s like Bitcoin after all of its upgrades have been implemented. Hoskinson believes that the hard fork, which consists of the launch of the Ouroboros Bizantine Fault-Tolerant Consensus Protocol, is going to be seamless and easy. He added that after the hard fork, the new protocol will undergo several additional upgrades which will inevitably make Cardano the most decentralized crypto in the world.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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