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Cardano Leads Top 10 Growth, Up 25% in a Week

Cardano Leads Top 10 Growth, Up 25% in a Week

HappyCoinNewsHappyCoinNews2024/11/09 08:00
By:HappyCoinNews

Amid the overall growth of cryptocurrencies Cardano (ADA) is performing exceptionally well. According to CoinGecko, ADA is up nearly 25% in the last seven days and about 24% in the last 17 hours.

Cardano has become one of the most notable surprise altcoins to soar during this crypto-wide pump. It has gained more than 3% in the last three days. Such a rally could trigger a frenzy among retail investors. The patient ADA community has been waiting for such a change for a long time, — wrote analysts Santiment.

Thanks to the rapid growth Cardano took first place in the ranking of the most profitable cryptocurrencies. They are followed by Solana и Dogecoin , which increased in price by 21% and 23%, respectively, over the week.

Experts attribute ADA growth to high activity of large holders of the asset and increased use of the blockchain Cardano Thus, over the last 24 hours, 37 transactions were processed on the network.

The rise in ADA's price coincides with the project's summit, which took place on October 24 in Dubai. During the event, developers Cardano presented a detailed roadmap for blockchain development and announced the launch of BitcoinOS' Grail Bridge, which will allow Bitcoin holders to take advantage of smart contract functionality and scalability Cardano .

Now Cardano is trading at $0,443. However, if the bullish trend continues, the asset price may rise to $0,8087.

Cardano Leads Top 10 Growth, Up 25% in a Week image 0

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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