Cardano (ADA) is all set to enjoy crypto party this weekend as it surpassed the 10th largest crypto, TRON (TRX) today. At the moment, ADA hits bullish market cap with almost 8 percent growth and counts as the 10th largest cryptocurrency.
According to data from Coinmarketcap, ADA sits comfortably as the 10th largest cryptocurrency with the growth of 7.72 percent within a couple of hours. With this, it defeated TRON (TRX) from its position and trading with the value $0.05 against US Dollar.
Moreover, ADA cryptocurrency held a brief surge in average trading as compared to TRX’s market cap. Consequently, former stands with $1,526,387,124 trading volume while latter with $1,526,387,124.
One specific reason that spiked the price of ADA is what curious many of us. Well, many speculate that the latest release of an upgrade to Cardano has quickly influenced its value. Consequently, ADA’s bull flag is a result of Carano 1.5 upgrade released on Cardano mainnet. As officially announced ‘ it is a milestone’ which had excited many crypto enthusiasts to find the figure as to how well ADA will go further.
Today we release Cardano 1.5 on the Cardano mainnet. The Cardano 1.5 release is a milestone because it is the last major Cardano release of the Byron development phase, which we have been in since the launch of mainnet.
Moreover, Cardano’s twitter account released yet another update that says about Cardano 1.5.1 upgrade. As per the announcement, this upgrade is to fix two issues – and not as major as Cardno 1.5 is. As Coingape reported; Cardano 1.5.1 will solve data migration issue and an issue causing log rotation for the frontend logs not to work.
Furthermore, the official announcement goes as follows;
IOHK has released Cardano 1.5.1 on the Cardano mainnet. The Cardano 1.5.1 release is a small update which fixes two issues. The update will be delivered via a prompt in Daedalus to all users shortly. To read more, click here: https://t.co/Fk3HZr4Aea
— Cardano Foundation (@CardanoStiftung) March 22, 2019
Speaking of volumes, ADA is already walking at upside move and took over TRX. Given that, do you think ADA will surge further to capture the 9th spot where Tether (USDT) is standing at present? Share your views
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com