Cardano’s ADA price hits high since April, market cap tops $13 billion By Investing.com
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NEW YORK – ‘s (ADA) value witnessed a significant surge today, reaching a peak of $0.4100, the highest since April earlier this year. This growth represents an over 66% increase from its lowest valuation this year, propelling its market capitalization to surpass the $13 billion mark. The rally in ADA’s price reflects a broader uptrend in the cryptocurrency market, with achieving an eighteen-month high of more than $37,500 and other digital currencies such as , , and Tron also experiencing notable gains.
The DeFi ecosystem within Cardano has flourished, with its Total Value Locked (TVL) in ADA exceeding 688 million coins, translating to over $260 million. The past month has seen substantial growth for DeFi dApps on the Cardano network, with many reporting double-digit rises in TVL. Indigo stands out with a 66% jump in TVL to over $64 million, while Minswap, Liqwid, Optim Finance, and Astarter each have seen increases of over 60%.
The futures market for ADA is indicating bullish sentiment as well. Open interest has been on an upward trajectory since hitting a low of $89 million in September. It peaked today at $162 million, suggesting a growing demand for ADA.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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NEW YORK – ‘s (ADA) value witnessed a significant surge today, reaching a peak of $0.4100, the highest since April earlier this year. This growth represents an over 66% increase from its lowest valuation this year, propelling its market capitalization to surpass the $13 billion mark. The rally in ADA’s price reflects a broader uptrend in the cryptocurrency market, with achieving an eighteen-month high of more than $37,500 and other digital currencies such as , , and Tron also experiencing notable gains.
The DeFi ecosystem within Cardano has flourished, with its Total Value Locked (TVL) in ADA exceeding 688 million coins, translating to over $260 million. The past month has seen substantial growth for DeFi dApps on the Cardano network, with many reporting double-digit rises in TVL. Indigo stands out with a 66% jump in TVL to over $64 million, while Minswap, Liqwid, Optim Finance, and Astarter each have seen increases of over 60%.
The futures market for ADA is indicating bullish sentiment as well. Open interest has been on an upward trajectory since hitting a low of $89 million in September. It peaked today at $162 million, suggesting a growing demand for ADA.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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