Daily transactions with the Cardano digital token reached a record 97%

Cryptocurrency market analysts note that the price of Cardano ADA $0.88 Cardano -1.60% Market capitalization $31.46 billion VOL. 24 hours $0.22 billion has shown no signs of recovery and has been in a state of consolidation in recent days. Although the market is controlled by bears, bulls are also actively supporting the virtual asset — ADA is starting to receive strong support from traders.

Cardano’s trading volume has increased by 96.99% over the past 24 hours, reaching $ 365.83 million. For example, on July 27, the trading volume was $ 214.14 million. This significant increase in trading volume is an important indicator for ADA. In particular, $ 171.29 million of this volume came from Binance, $ 76.39 million from Bybit, and $ 47.21 million from OKX. This shows that Cardano is attracting attention on all trading platforms.

The price of ADA remains low, which traders see as an opportunity to buy the asset at a bargain price. The accumulation of virtual coins is considered a positive signal for the market and may lead to the emergence of new cryptocurrency owners. Cardano is expected to benefit from this support in the long run.

At the time of writing, ADA is trading at $ 0.42, a gain of 2.85%. The asset is simply consolidating along with the broader cryptocurrency market, but the overall sentiment remains positive. Cardano, a project of Чарльз Хоскінсон" href="https://noworries.news/biography/charlz-hoskinson/" data-bio-id="10 311">Charles Hoskinson, is also showing significant changes in its network, which makes ADA’s prospects optimistic despite the current market volatility.