Cardano Up More Than 12% In 24 hours

Cardano (ADA) has witnessed a strong price surge over the past 24 hours, jumping 12.63% to reach $0.79. This latest uptick adds to its recent momentum, as ADA has now gained 3.0% over the past week, moving up from $0.77.

With Cardano’s all-time high still sitting at $3.09, the latest price action indicates increasing investor interest and potential bullish sentiment in the market.

What's Behind the ADA Price Surge?

Several factors could be influencing Cardano’s strong performance, including:

- Broader Market Uptrend: Bitcoin and other major cryptocurrencies have also seen gains recently, lifting the entire crypto market.

- Network Developments: Cardano’s continuous development efforts, including smart contract improvements and scalability solutions, are adding to investor confidence.

- Increased Adoption: Institutional interest and growing DeFi and NFT activity on the Cardano blockchain may be fueling demand.

With Cardano charting upward momentum, investors are watching closely to see if ADA can sustain its rise and potentially break further resistance levels.

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Source: Benzinga https://www.benzinga.com/insights/cryptocurrency/25/02/43626306/cardano-up-more-than-12-in-24-hours