Cardano Price Moves Steadily Higher, ADA Believers Bullish

Cardano Price Moves Steadily Higher, ADA Believers Bullish
  • Cardano (ADA) was one of the top-performing assets over the last week. 
  • The price of ADA soared by over 14% in a short time. 
  • It went up to $0.64 and ADA fans are expecting a higher number soon.

The crypto community is all the rage over Cardano (ADA) today as the crypto out-performed many of the other top-performing crypto. In detail, the price of ADA pushed past $0.6 today and is presently sitting at $0.59. 

Many believe this soft surge is just a glimpse at what is to come when the Vasil hard fork event will take place at the end of June. To highlight, the price of Cardano has surged before in light of a successful hard fork. 

In detail, ADA surged by 14% to hit $0.64. In contrast, ETH only went up by 6% during the same time. This made ADA one of the best-performing cryptos over the last week. Perhaps we will see another huge price surge for ADA soon. This would be a similar surge to the event following the Alonzo hard fork last year. 

So far, Cardano has had quite the eventful year. For instance, in April 2022, the blockchain announced 400 new projects and 100,000 new wallets opening on its blockchain in the span of a single month. 

Cardano and ADA fans flocked to Twitter to celebrate the recent activity in ADA’s price performance today. In particular, one tweet draws light to how Cardano survived the last bear market despite not yet having staking and multi-asset ledger options.

It goes on to say that it now offers smart contracts along with these features as well. So, the tweet concludes, that Cardano will not only survive the current bear market, it will thrive. Another tweet encourages other crypto enthusiasts to get on the blockchain by pointing out Cardano’s eco-friendly and decentralized blockchain without any halts and lock-ups. 

Meanwhile, another post draws attention to the Cardano community themselves. The user says Cardano is willing to educate. Indeed, much like Cardano’s creator, Charles Hoskinson, the community themselves are very open to start conversations and answer all questions. 

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A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.