Cardano is now the third most valuable cryptocurrency

Cardano has hit a new all-time high, rising over 20% in the last 24 hours, with its price peaking at $2.55. The cryptocurrency that is powering Charles Hoskinson’s public blockchain has regained the spot of being the third-largest crypto with a whopping $80 billion market cap.

The Cardano blockchain’s crypto is called ADA, and the system is often touted to be a direct Ethereum and Solana’s competitor. It has surpassed Binance Coin and is now the third most valuable crypto after Bitcoin and Ethereum.