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Cardano takes the lead in cryptocurrency rally

March, 01 2021
watermark Economic news

Cryptocurrency Cardano last week renewed all-time highs and came in third after Bitcoin and Ethereum in terms of market capitalization, which now exceeds $46.5 million.


Cardano's value has risen 2000% over the past year, gaining 300% in the last month alone. The digital currency has unexpectedly left behind major competitors, including Polkadot (DOT) and Ripple (XRP).


Experts note that the rise in price of the digital currency was facilitated by the fact that the project of its developers plans to roll out the Goguen update this week. The update will implement important changes that will help the platform enter the decentralized finance segment.


«Cardano is a rising star in the cryptocurrency sector,» said Nigel Greene, CEO of deVere Financial Advisory Group.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.