The Cryptocurrency Market Is On Fire: Cardano (ADA) and Ripple (XRP) Lead the Rise

The world capitalization of the cryptocurrency market has increased by 5.05% to exceed USD 1.19 trillion according to CoinMarketCap as losses from the CFTC case once morest Binance and CZ are recovered. Top ten cryptocurrencies traded in green right now.

Bitcoin (BTC) showed signs of resistance, breaching the crucial $28,000 barrier. went up more than one 5% on Wednesday morning, hitting highs of $28,619 before pulling back a bit to its current level. Bitcoin still has a market share of over 46%.

RIPPLE (XRP) AND CARDANO (ADA) LEAD THE TOP 10 CRYPTOCURRENCY

Meanwhile, Ripple (XRP) y Cardano (ADA) are two of the top 10 coins that lead the market, each with an increase of more than 10% in the last 24 hours.

Ripple’s XRP has been going up for a few days and currently is among the top general market gainers according to CoinMarketCap. has won regarding a 20% in the last day and seems to be aiming for the target level of USD 0,60. At the time of writing these lines, the price of XRP is around USD 0.57.

Apart from the current positive market trend, the XRP token continues to rise on the hope that Ripple Labs, whose crypto payment network is powered by XRP, will succeed in a case brought by the United States Securities and Exchange Commission (SEC). ).

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On the other hand, Cardano’s native token ADA had the second largest increase among the top 10 cryptocurrencies, rising 11.37% to $0.3872.

Other tokens also went up. Ether (ETH) price surged 4%, as Ethereum developers confirmed the Shapella update, a critical release on the blockchain network, for April 14. As previously reported, among other network improvements, including lowering transaction costs, the update will allow ether stakers to withdraw their crypto for the first time.

Binance Coin (BNB) surged 2.59% to $318recovering part of this week’s losses, while MATIC de Polygon is up 7.76% in the previous 24 hours. The recent release of their zero-knowledge Ethereum virtual machine may be responsible for the rise of MATIC.

Dogecoin and Shiba Inu also performed wellwith respective percentages of 4.73% and 3.89% in the last 24 hours.

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