Cardano grew by 52% in a week

Cryptocurrency industry analysts note that the financial performance of ADA, the native token of the Cardano blockchain, reflects the platform’s power and its acceptance by the crypto community. In a week, the virtual coin managed to grow by almost 52%, and in a year, the value gained almost 140%.

At the time of writing, ADA is trading at $ 0.55, a 5.8% drop. The asset’s market capitalization is $ 19.6 billion. Traders made daily trading deals worth $ 1.3 billion.

The Cardano blockchain continues to show significant growth and development, especially in the field of stablecoins. Thus, the well-known Cardano crypto influencer ADA Whale noted the accelerated growth of digital assets on Чарльз Хоскінсон" href="https://noworries.news/biography/charlz-hoskinson/" data-bio-id="10 311">Charles Hoskinson's blockchain:

Stable coins on Cardano accelerating their ascent pic.twitter.com/kqIYABPmvx

— ADA whale (@cardano_whale) December 10, 2023

Analysts also mentioned that the name of the cryptocurrency ADA is a tribute to the scientist Ada Lovelace for her pioneering work in the field of computing. Yesterday, December 10, the Cardano community celebrated her birthday.

Today, we celebrate the 208th birthday of Ada Lovelace!
A pioneer in math and computing — one whose visionary spirit lives on in #Cardano's smallest unit, the Lovelace.

Here’s to the woman who helped to shape the future of tech. Cheers🥂#AdaLovelace #Blockchain pic.twitter.com/m47V5tCvKK

— Cardano Community (@Cardano) December 10, 2023

Just a month ago, crypto experts predicted that the Cardano digital token would grow by 10,000% - the most bullish ADA forecast was made by an analyst known as FieryTrading. In his opinion, the token could soar to $ 35 over the next two years (most likely in 2025).