Cardano Adds $1.7 Billion to Market Cap as ADA Price Recovers
Cardano (ADA) strengthens its position on cryptocurrency market, adding over $1.7 billion to its market capitalization
Cardano, one of the leading cryptocurrencies, has experienced a noteworthy resurgence today, adding over $1.7 billion to its market capitalization. This surge follows a period of volatility and uncertainty on the cryptocurrency market.
Data from CoinMarketCap reveals that Cardano's market capitalization rose from $15.8 billion to $17.5 billion during the current trading session, solidifying its position as the 10th largest cryptocurrency by market capitalization. Notably, this places Cardano ahead of Avalanche (AVAX) but behind Dogecoin (DOGE), which currently holds ninth position, with a market capitalization of $23.4 billion.
The primary driver behind this surge in market capitalization is the recovery of the price of ADA, Cardano's native token. After experiencing a significant decline of 32% due to prevailing geopolitical uncertainties, ADA's price rebounded by 4.3% to reach $0.49 in today's trading session.
Read more on U.Today https://u.today/cardano-adds-17-billion-to-market-cap-as-ada-price-recovers
Cardano (ADA) strengthens its position on cryptocurrency market, adding over $1.7 billion to its market capitalization
Cardano, one of the leading cryptocurrencies, has experienced a noteworthy resurgence today, adding over $1.7 billion to its market capitalization. This surge follows a period of volatility and uncertainty on the cryptocurrency market.
Data from CoinMarketCap reveals that Cardano's market capitalization rose from $15.8 billion to $17.5 billion during the current trading session, solidifying its position as the 10th largest cryptocurrency by market capitalization. Notably, this places Cardano ahead of Avalanche (AVAX) but behind Dogecoin (DOGE), which currently holds ninth position, with a market capitalization of $23.4 billion.
The primary driver behind this surge in market capitalization is the recovery of the price of ADA, Cardano's native token. After experiencing a significant decline of 32% due to prevailing geopolitical uncertainties, ADA's price rebounded by 4.3% to reach $0.49 in today's trading session.
Read more on U.Today https://u.today/cardano-adds-17-billion-to-market-cap-as-ada-price-recovers
| 30,000 mlx | |
| 32 | |
| 0 |
0 comments