Home Finance Cardano (ADA) Price Increased Considerably- Here Is Why!

Cardano (ADA) Price Increased Considerably- Here Is Why!

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Cardano (ADA) is experiencing a very good period as it is continuously increasing since April 6th. However, the biggest increase was registered for ADA on April 12th when it soared by about 35%. Why is Cardano (ADA) on the rise?

Cardano (ADA) price

At this moment, ADA trades at $0.252, recording an increase of 5.54% in the last 24 hours, in a cryptocurrencies market which records a slight recovery.

Yesterday, on the other hand, Cardano (ADA) was the only one among the top 10 crypto coins which registered significant gains and, as well, it was the second most successful coin of the day.

It closed at $0.256 and showed stability during the whole trading day.

Cardano (ADA) is the 7th crypto coins in the world with a market capitalization of a little more than $6.5 billion.

Why is Cardano (ADA) on the rise?

A very important news caused ADA’s price to soar, namely, Huobi, the largest Chinese cryptocurrencies exchange operator and the second in the world, listed Cardano (ADA) yesterday.

This fact increased the investors’ interest in this coin and also increased its transactionality, which reflected in ADA’s last 24 hours volume which was a little more than $720 million.

As ADA was listed on one of the most important crypto exchanging platform in the world, Cardano (ADA) is now accessible to a broader audience, which will support the asset’s price increase for the future, too.

Why could ADA be a good investment?

Cardano has always been a very appreciated blockchain technology having a very innovatory vision regarding the future of blockchain.

With its Ouroboros proof of work protocol, Cardano plans to revolutionize the world of blockchains.

Besides, Cardano (ADA), as a cryptocurrency, has not soared up as expected by analysts, at least until now.

The recent listing of Cardano (ADA) on the largest Chinese cryptocurrencies exchange operator, Huobi, which is, at the same time, the second in the world, will definitely help ADA price to soar even more, therefore, it an investment in this crypto coin, while it is still at an affordable price, could return big profits in the near future.