Cardano: What’s ADA’s Price If Its Market Cap Equals Ripple XRP?

The cryptocurrency marketplace continues its slump. Bitcoin (BTC) has fallen to the $95,000 terms level. The planetary crypto marketplace headdress has slid 3.3% successful the past 24 hours to $3.27 trillion. Cardano (ADA) besides follows the downward marketplace trend. ADA’s terms has fallen 3.6% successful the regular charts, 2.8% successful the play charts, and 25.8% implicit the erstwhile month. Despite the dip, the asset’s terms has risen by 3.4% successful the 14-day charts and 22.2% since February 2024.

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Source: CoinGecko

Cryptocurrency Market Continues To Stagnate

Source: Watcher Guru

The latest marketplace dip is apt owed to the contention astir the Libra memecoin. Argentine President Javier Melie is accused of promoting the project. The task is being deemed a pump-and-dump scheme. Many person dubbed the incidental “Libragate.” Cardano (ADA) and different assets whitethorn person taken a deed owed to the Libra coin scandal.

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The cryptocurrency marketplace faced different correction earlier this period owed to US tariffs. Macroeconomic factors besides contiguous a obstruction to the crypto market. Cardano (ADA) and different cryptocurrencies are bearing the brunt of the matter.

What’s Cardano’s Price If Its Market Cap Equals Ripple XRP?

Ripple’s XRP has a marketplace headdress of $148.83 billion. Cardano (ADA) has a marketplace headdress of $27.74 billion. ADA has to turn by 436.5% to adjacent XRP.

There are astir 35.2 cardinal ADA tokens successful circulation. If ADA’s marketplace headdress reaches $148.83 billion, the terms of each token could scope $4.23. Reaching this fig would mean a caller all-time precocious for ADA.

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ADA’s maximum proviso is 45 billion. If the task is astatine its maximum supply, portion equaling XRP’s marketplace cap, the terms of each token would deed $3.31. ADA would deed an all-time precocious successful this script arsenic well.