According to crypto market data, Cardano’s total market capitalization has reached above $21 billion. With this, Cardano’s native cryptocurrency ADA outshines Ripple’s XRP and now stands proudly at the sixth position by market cap. Whereas, Ripple’s XRP stands at seventh position with a market capitalization of $20 billion.
As the Cardano ecosystem grows, there is a huge price surge as well in the last 24 hours. The ADA has managed to exceed 25% and has broken the $0.5 barrier. With the commencement of the new month the entire crypto industry is experiencing a little bullish price rally.
Furthermore, Cardano’s Vasil Hardfork upgrade testnet is about to release on June 2 followed by a mainnet launch on June 29. It will be the most significant up-gradation in Cardano Ecosystem since Alonzo hardfork in September 2021. The new upgrade involves Cardano Improvement Proposal CIP31, CIP32, CIP33, and CIP40. Whereas, these new proposals will help to lower the transaction fees, improve the network decentralization and throughput, and will solve other major issues.
Also read: What is Vasil Hardfork & Why it is important to Cardano?
On the contrary Ripple (XRP) has been largely affected by the lawsuit filed by the U.S. Securities and Exchange Commission (SEC). As the trial continues to proceed, the crypto analysts and experts predict the XRP price will go to hit $2.55 by end of this year. According to Finder.com its panel of experts expects a price rise of over 260% by 2022.
But, if Ripple loses its case to the U.S. SEC it might see a drastic loss. However, if Ripple wins the case the XRP price might surge significantly to $5 by end of 2022. This projection has been made by Matthew Harry, the head of funds at DigitalX Asset Management. Further to this, the panel is hopeful XRP can touch $3.61 by 2025 and $4.98 by end of 2030.
Also read: Top blockchain development platforms and node service providers in 2021
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