Cardano cryptocurrency grew by 19%

Cryptocurrency Cardano ADA $0.28 Binance-Peg Cardano -3.55% Market capitalization $0.13 billion VOL. 24 hours $41.68 million has regained its place among the ten largest cryptocurrencies by market capitalization. After several weeks of sharp market fluctuations that pushed the asset to the 11th position, it has once again surpassed Bitcoin Cash (BCH).

The sharp rise was made possible by the general market recovery after the news from the United States: on February 25, Washington announced that it would not impose additional tariffs on China. This eased fears of an escalation of trade disputes and returned investors' appetite for risk.

Against this backdrop, ADA rose from $ 0.26 to $ 0.31, showing an increase of over 19%. BCH also grew, but only by 6%, after which it quickly returned to previous levels. At the time of publication, ADA is trading at $ 0.2931 with a market cap of $ 10.57 billion, while BCH has a market cap of $ 9.72 billion.

Cardano’s recovery coincided with the statements of Input Output Global founder Чарльз Хоскінсон" href="https://noworries.news/biography/charlz-hoskinson/" data-bio-id="10 311">Charles Hoskinson. He emphasized that the network remains competitive despite the criticism against the project and cited the launch of the Midnight platform as proof of Cardano’s ability to innovate.

Hoskinson also emphasized that Cardano is the most decentralized network in the world, even compared to Bitcoin. According to him, the new updates, including Ouroboros Leios, enhance scalability, security, and decentralization, helping the network solve the «blockchain trilemma» and maintain a competitive position in the global market.