Cardano’s $ADA price now climbs over 28% despite the current bearish crypto market

Cardano’s $ADA price now climbs over 28% despite the current bearish crypto market

Cardano’s $ADA token is soaring aggressively on May 31, up over 28% in the last 24 hours, which is more than any other cryptoasset in the top 50. $ADA is trading around $0.658 at the time of writing, up 28.77% in the last 24 hours, according to CoinCu data.

This indicates that the $ADA price has increased by approximately 3300% since its all-time low on March 13, 2020.

Over 5 million native assets have been produced on the Cardano blockchain, according to CryptoGlobe, more than doubling the number observed at the end of last year. The quantity of native assets minted on the Cardano blockchain is now 5,019,030, according to pool.pm statistics, with 54,831 different minting policies.

Cardano developer Charles Hoskinson anticipated that by 2020, the Cardano ecosystem will include “hundreds of assets, thousands of dApps, tons of interesting projects, and lots of unique and utility,” according to Hoskinson.

When responding to a critic who claimed that the prognosis had failed to materialize, Hoskinson brought up the 2020 prediction again, pointing out that millions of assets have been created on this blockchain.

The blockchain has the greatest 24-hour adjusted volume of transactions, according to Messari statistics. Adjusted transaction volume is still an effective approach to isolate just the most crucial transactions.

With a 24-hour volume of $9.15 billion, Cardano beat rival cryptocurrencies like Bitcoin and Litecoin in adjusted transaction volumes. This phrase was recently posted by its founder Charles Hoskinson in response to a critic who referred to Cardano as “Ghostchain.”

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News