Cryptocurrency's sudden comeback has puzzled market
The price of Cardano has surged roughly 17% over the last 24 hours after months of severe underperformance.
ADA has now surged to $0.32, with its market capitalization topping $11 billion. This allowed Cardano's native cryptocurrency to surpass meme cryptocurrency Dogecoin by market capitalization.While such sudden bouts of volatility are common for cryptocurrencies, there isWhales, a group of ADA owners who control a substantial portion of the cryptocurrency's supply, are likely attempting to trick run-of-the-mill market participants into thinking that there is a legitimate rally.
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