HomeUncategorizedWhy is Cardano price up today? By Cointelegraph

Why is Cardano price up today? By Cointelegraph

November 6, 2023

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The price of Cardano (ADA) jumped 3.35% to $0.339 on Nov. 5, its highest level in about four months.

The weekly performance for ADA price is nearly 17%, likely boosted by the two-day Cardano Summit 2023, held from Nov. 2 to Nov. 4.

daily price chart. Source: TradingView
Cardano’s whale transactions (>$1 million)
ADA locked across Cardano smart contracts. Source: DefiLlama
ADA/USD daily price chart ft. rising wedge breakout setup. Source: TradingView