Crypto News – The cryptocurrency market as a whole appears to be taking a break after a robust start to the week. But with the price of ADA rising by another 7%, Cardano bulls are still in the driver’s seat.
Cardano Market Cap Nears 16 Billion: What Awaits ADA?
Santiment’s on-chain data indicates that Cardano (ADA) saw a 7% rise in market value today, breaking the general downward trend in the cryptocurrency market that was seen on Wednesday. At the time of writing, ADA has a market capitalization of $15.9 billion and is trading at $0.451.
ADA Price Continues to Rise
Cardano’s ADA had a spectacular rise in market value in a short amount of time due to strong buying pressure, rising by more than $1 billion in just one day. ADA is now the eighth-largest cryptocurrency based on valuation, with a total market capitalization of $15.9 billion as of the most recent data.
A rally occurred in ADA during this recent upswing, as it rose from an intraday low of $0.412 to a peak of $0.434, indicating a noteworthy 9% gain. The ADA has witnessed a significant 50% increase from its mid-June lows, and this most recent action adds to the ongoing recovery of the organization.
An indication of the growing Cardano ecosystem is the addition of more than 150 new projects to the platform. Cardano has also proven to be a vast and dependable network, having generated close to 10 million native tokens and handling more than 79 million transactions altogether. Finally, editor and journalist Ali Martinez believes that Cardano’s price may rise.
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