Cardano market cap surges, ADA price turns green
As CPI data was released, Cardano (ADA) price turned green, and its market cap increased by $500 million.
According to CoinMarketCap, Cardano's market cap rose from $15.4 billion to $15.91 billion, consolidating its position as the tenth largest cryptocurrency by market cap.
This growth allowed Cardano to surpass Shiba Inu Coin (SHIB), but still lag behind Dogecoin (DOGE), which has a market cap of $22.12 billion.
After five days of slump, ADA price rose 4.2% in one trading day to $0.448.
In general, after the release of CPI data, Cardano and other cryptocurrency markets ushered in a positive reaction, driving up prices and market caps.
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