Cardano (ADA) Continues To Shine With 15% Gains In the Last Week

Cardano (ADA) Continues To Shine With 15% Gains In the Last Week
Cardano’s native coin ADA has seen many rallies since the start of this year. The token owes its performance to the improving economic condition in the market and the ongoing developments on the Cardano Network. Over the past seven days, ADA has observed more than a 15% price gain in 7 days and an over 17% 14-day gain. But what are the possible reasons for ADA’s impressive performance? Related Reading: CryptoQuant’s Bitcoin PnL Index Forms Bullish Crossover What Is Contributing To ADA’s Price Rally? The hype around the upcoming Djed stablecoin launch, among others, has played a part in driving ADA price up over the past weeks in January. According to COTI developers, the network behind the Djed stablecoins, ADA holders would receive extra rewards when they mint Djed by staking their ADA coins. This information might spur users to buy more ADA and could further push the coin price. Also, the Cardano community is anticipating upcoming launches that would enhance the network and Smart Contract capabilities. Furthermore, Cardano has received a new improvement proposal ..

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