Over the past 24 hours, $ADA skyrocketed by some 17%, bringing the total gains for the last seven days to about 30%. Here are a few possible reasons why Cardano is rallying. 👇 👇 👇
Cardano’s price has been on fire throughout the past week. The cryptocurrency managed to increase by a whopping 30% during that time. Even though this is true for most of the market, ADA is still the best performer from the top 10 coins by means of total capitalization.that his new healthcare facility will be up and running in a month and also accept ADA as a payment method, let’s have a look at three more realistic and possible reasons for this rally.
It’s also worth noting that most of the increase came in the past 24 hours as well when the TVL shot up by around 20%.Another important metric to take a look at is the total transactional volume on Cardano-based DeFi protocols. Once again, in 2023, it has been increasing substantially.
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