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Analysis

Cardano, Polkadot and Ripple Battle for Supremacy

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Following the price increases in cryptocurrencies, there are also changes in the market value ranking. In this regard, cardano (ADA), Polkadot (DOT), and Ripple are the most notable cryptocurrencies that have shown significant changes.

Today, ada, which has risen to the fourth largest cryptocurrency position with its upward move, has outperformed DOT and XRP. However, with DOT also passing XRP, Ripple lost its place in the top five cryptocurrencies after a very long time.

As a matter of fact, the market value of all three cryptocurrencies are very close to each other. However, there are suggestions that changes in the market value might still be around current range.

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Cardano, currently the 4th largest cryptocurrency in terms of market capitalization, has a market value of $21.8 billion. Polkadot, the 5th largest cryptocurrency, has a market capitalization of $21.6 billion, and Ripple, the 6th largest cryptocurrency, has a market capitalization of $21.3 billion.

According to statements, Cardano is awaiting a new update, which will now be available to build assets on the Cardano network. For this reason, both the ADA price is expected to increase and the Cardano network is now expected to attract more attention.

Therefore, both the impact of this news and the general upward feeling in the market combined, the price of ADA experienced a noticeable increase and saw $0.72. Afterwards, ada is trading in the $0.69 band, which has fallen some time with the relative calming of the market.

In addition to Cardano, dot and XRP are also seeing rises today. In fact, the green colour is prevalent in the entire cryptocurrency market today.

Polkadot, which has increased by approximately 17 percent in the last 24 hours, manages to keep its price above $23. However, XRP is currently striving to get above the important psychological level of $0.50.

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