Cardano (ADA) Surges By 14.5% Within the Last 7 Days; Here’s Why


According to CoinMarketCap, Cardano’s current value has risen by 14.5%, with this positive trend lasting for more than five days. Each day, the value of Cardano increased, ending on a higher note than the previous day.

Over the weekend, there was a surge in altcoin values, which directly impacted Cardano’s price. While some cryptocurrency trading experts tend to avoid weekend trading, last weekend proved to be an exception as Cardano’s value experienced a significant boost.

Previously, Cardano (ADA) was traded at a lower price of $0.3893, but at the start of the week, it turned green and remained positive. 

Source: tradingview

Could the Latest Unveiling of Lace Behind Cardano’s Last Week Uptrend?

It is possible that the recent increase in Cardano’s price can be attributed to the launch of IOG’s wallet platform called Lace, which Cardano founder Charles Hoskinson celebrated.

Related article: Is Cardano Responding to Mark Cuban’s Recent Investment?

However, at the start of the week, Cardano’s price experienced a decline. It is worth noting that several other altcoins also saw a decline in value, and experts predict that altcoins will trade within certain ranges due to Bitcoin’s sharp decline a few hours ago, which has impacted the overall cryptocurrency trading space.

At the time of writing, Cardano’s (ADA) value has decreased by 2.12% in the last 24 hours and is being traded at $0.4405, with a 24-hour trading volume of $420,050,244.

Share this :