The Price of Cardano Rises Almost 70% This Year
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The price of ADA, the native token of the Cardano ecosystem, has had a good year so far.
The price of the cryptocurrency has by more than 65% over the month from $0.2 to $0.4, and its market capitalization has increased from $8.63 billion to $13.81 billion.
The altcoin has climbed to eighth place in the ranking of digital currencies. The crypto has been growing over the past 30 days due to the support of large investors.
According to Santiment analysts, the reserves of whales and sharks have increased by 405.85 million ADA. The network has seen an increase in transactions of more than $100,000 to its highest level since November 12 last year.
Usually, large investors start buying cryptocurrency when it reaches fundamental values.
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