Why is Cardano (ADA) price up today?
The value of ADA has seen a significant increase following the recovery of Bitcoin’s price above $100,000. This surge in ADA’s price is also supported by the growing total value locked (TVL) and onchain activity on the Cardano network. This positive trend is further reinforced by the recent rally in ADA’s price, which has been fueled by the rising demand for the cryptocurrency. As a result, ADA has emerged as a strong contender in the market, with its promising performance and potential for growth. This is evident from the recent uptick in its price, which has been further bolstered by the increasing TVL and onchain activity on the Cardano platform. With these factors in play, ADA is poised to continue its upward trajectory and establish itself as a leading player in the cryptocurrency market.
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