May 6, 2024

Cardano climbs to 3rd place in Coinmarketcap ranking

Cardano rose to 3rd place in the Coinmarketcap ranking

Over the past 24 hours, the price of Cardano has increased by 30%, and the project’s capitalization has overtaken BNB.

Against the backdrop of news aboutWith the Mary update, Cardano soared above $ 1.30, setting a new all-time high.

Cardano rose to 3rd place in the Coinmarketcap ranking

The latest surge in prices is associated with the announcement of an upgrade from Charles Hoskinson – the creator of the project.

A key component of the Mary update – Thissmart contracts that will allow decentralized applications to run on Cardano. This could become a new round of development for the system, as more and more users are looking for an alternative to expensive Ethereum transactions.

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Based on materialscointelegraph.com