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Home Markets Cryptos

Cardano flying to space, up 89% in 7 days

Olumide AdesinabyOlumide Adesina
2 years ago
in Cryptos
Cardano
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The sixth most valuable crypto asset by market value is witnessing high buying pressure amongst crypto investors lately.

Over the past week, Cardano has seen a surge in its market value gaining as much as 89.11%. The volume of Cardano traded for the day to press time stood at $6.7 Billion or 3.97% of the total volume of all crypto assets.

READ: Ripple’s XRP on a grand slam win, gains 20%

What you must know

At the time of writing this report, Cardano traded at $0.339646; for today, it’s up by 20.31%.

  • It was the largest one-day percentage gain since Wednesday.
  • Cardano (ADA) lately has been tipped by Nairametrics to outperform on the bias that it’s headed towards its smart contract launch last month, leading to a significant amount of applications built on Cardano by this time 2021.
  • This means that more developers will see it as an attractive medium for building their desired apps.

READ: Crypto market breaks past $1 trillion for the 1st time in history

About Cardano

  • Cardano is a type of blockchain that permits people to receive and send funds.
  • ADA coin is the name of the cryptocurrency.
  • It uses the Cardano blockchain and it also allows people to design smart contracts just like Ethereum.

Related

Tags: Business NewsCardanoCryptocurrencyCryptocurrency News

Comments 1

  1. Joshua says:
    January 8, 2021 at 3:25 pm

    I’d love to purchase cardano and tether. As a Nigerian, which applications can be used as wallet to run these transactions?

    I’d be happy to receive an answer via
    mail

    Reply

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