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02.07.202013:08 Forex Analysis & Reviews: Cardano grows by 12%

Long-term review
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Exchange Rates 02.07.2020 analysis

Over the past day, the Cardano cryptocurrency showed the sharpest growth of 12% and was trading at $0.092821. This is the highest level that ADA has been able to achieve in more than a year.

ADA resumed rising in May amid the reports on preparations for the launch of the long-awaited Shelley update. It will allow to introduce decentralization into the blockchain, while the existing version of Byron is a federal chain.

These changes led to the market capitalization of Cardano to $2,364104 B, 0.89% of the market capitalization of all cryptocurrencies. Cardano was trading between $0.0749 and $0.0928 over the past week. However, today, Cardano's price is still below 93.12% of its peak value.

Bitcoin advanced by 1.08% to $9.269,6

Ethereum rose by 2.28% to trade at $231.24.

Bitcoin's market capitalization previously amounted to $171.197777B or 64.66% of the total market capitalization of all cryptocurrencies, while Ethereum capitalization amounted to $ 25.811836B or 9.75% of the total cryptocurrency market volume.

Kate Smirnova
Analytical expert of InstaForex
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