Cardano Sees Busiest Day Since 2022: Santiment

12/10/2023 22:59
Cardano Sees Busiest Day Since 2022: Santiment

Cardano (ADA) marks its busiest day since June 2022, with price peak of $0.633 and significant spike in trading volume and community interest

Cardano (ADA) marks its busiest day since June 2022, with price peak of $0.633 and significant spike in trading volume and community interest

Cardano Sees Busiest Day Since 2022: Santiment

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The cryptocurrency Cardano (ADA) has recently witnessed a significant uptick in both its price and trading volume, marking its busiest day since June 2022.

According to data from Santiment, a renowned analytics firm, ADA reached a peak price of $0.633, a level not seen since the previous year.

This surge in price coincides with a notable increase in trading activity and interest within the crypto community. As of now, approximately 4% of all crypto-related discussions are centered around ADA.

ADA's remarkable weekly performance

In the past seven days, ADA has seen an impressive rise in its value, increasing by 50%.

This performance is noteworthy, especially when compared to other leading cryptocurrencies. Bitcoin (BTC), for instance, saw a 10.2% increase, while Ethereum (ETH) experienced an 8.3% rise over the same period.

This surge in ADA's value is a significant development for the cryptocurrency that has been seen as a laggard during the ongoing rally.

Celebrating Ada Lovelace's legacy

The ADA community has further reason to celebrate, as this Sunday marks the 208th birthday of Ada Lovelace, a pioneering mathematician and computer programmer. Lovelace's groundbreaking work laid the foundation for modern computing.

Input Output, a key player in the Cardano ecosystem, took to X to honor her legacy, emphasizing the impact of her visionary ideas on today's technological advancements.

About the author

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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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