Cardano outperforms Litecoin (LTC) by market cap

Since the beginning of July, Cardano (ADA) has been in a significant uptrend, adding 31.3% to its value in justa week.

Cardano is now at the highest level since September 2018 in terms of the US dollar.

Altcoin has grown by more than 226% since the beginning of the year andbecame the most efficient cryptocurrency with the largest capitalization in 2020, easily overshadowing 82% received by Ethereum (ETH), 28.9% bitcoin and 91.2% received by Bitcoin SV (BSV) since the beginning of the year. The latest spurt also showed that Cardano surpassed Chainlink (LINK), a cryptocurrency that also has grown more than 210% since the beginning of the year and entered the top 3 altcoins with the best price dynamics in the first week of July.

ADA trading volumes rose significantlyincreased by more than ten times since the beginning of the year. This growth has led Cardano to rise in market cap over the past few weeks to 7th place, and today has overtaken Litecoin (LTC).

Experts explain this impressive rallythe upcoming hard fork of the Shelley network, which is scheduled for July 29 and should significantly increase the level of decentralization of the Cardano project and allow holders to earn ADA currency through staking. 

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