ADA 10% Rally Coincides With Cardano Foundation’s Annual Report

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	88,967,153,267	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

88,967,153,267

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	3.47	0.62%	564.42	564.30	564.42

Price Change

Price Change %

Current Price

Bid Price

Offer

3.47

0.62%

564.42

564.30

564.42

High Price	Low Price	Open Price	Prev. Close	52 Week Range
565.72	543.08	560.95	560.95	210.00 - 683.83

High Price

Low Price

Open Price

Prev. Close

52 Week Range

565.72

543.08

560.95

210.00 - 683.83

Exchange	Last Trade	Size	Trade Price	Currency
BINA	19:02:46	0.337000	564.03	USD

Exchange

Last Trade

Size

Trade Price

Currency

BINA

19:02:46

0.337000

564.03

USD

Price x Volume	Volume	Base Symbol	Related Pairs
19,374,664.18	34,183.59	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

19,374,664.18

34,183.59

ADA 10% Rally Coincides With Cardano Foundation’s Annual Report

19/04/2023 2:45pm

NEWSBTC

As ADA price experiences a notable surge, the Cardano Foundation has released its first-ever yearly report, highlighting the ecosystem’s impressive updates and developments. With both technical innovations and market momentum on its side, Cardano’s ADA is emerging as a strong contender in the highly-stacked world of cryptocurrencies. Will its current upward trajectory continue, or is a market correction on the horizon? Related Reading: OKB Tallies 24% Increase But Active Addresses Fail To Keep Pace – Here’s Why Cardano 1st Annual Report: Network Achievements Amidst ADA Growth In the midst of market volatility, Cardano’s ADA has proven to be a reliable contender in the world of cryptocurrencies, showing a consistent climb in its value. Based on numbers by Coingecko, the current price of ADA is at $0.437146, with a 0.5% surge in the last 24 hours and an impressive 10% increase over the past week. But the growth of ADA is not the only noteworthy development in the Cardano network. On April 18, the Cardano Foundation announced on Twitter the release of its first-ever annual report, highlighting the many achievements made by the network over the past year. 📣 Today we launch our FIRST EVER Annual Report! 🎊 Discover key 2022 achievements and see how they fit along the Foundation’s core focus areas of: ➡️ Operational Resilience ➡️ Education ➡️ Adoption#CFAnnualReport2022 #CardanoFoundation 👇👇👇https://t.co/lVrOsvXm21 — Cardano Foundation (@Cardano_CF) April 18, 2023 Among these milestones are the nearly 4 million ADA wallets by the end of 2022 and a total of 7.4 million assets mined. As ADA continues to garner attention from investors and traders worldwide, the Cardano ecosystem shows no signs of slowing down in its pursuit of innovation and sustainability. ADA TVL Witnesses Gradual Growth ADA continues to show signs of steady progress in the volatile world of cryptocurrencies. According to recent data, ADA’s Total Value Locked (TVL) stood at $162 million as of 18th of April, indicating gradual growth despite not reaching its all-time high. Source: Defillama Furthermore, development on the Cardano network has seen a slight increase, according to intelligence platform Santiment. This suggests that the chain is making steady progress toward its goal of becoming a sustainable and scalable blockchain ecosystem. ADA total market cap at $14.5 billion on the daily chart at TradingView.com Related Reading: Binance Coin (BNB) Rallies 8% Ahead Of Hard Fork Upgrade However, while ADA’s market cap still stands strong at $14.5 billion, it has witnessed a slight decline. Additionally, there has been no notable movement in ADA’s active addresses over the last 30 days, suggesting a lack of increased activity on the network. On the bright side, Cardano’s social dominance metric has experienced a significant spike, indicating that the blockchain is performing well on the social front. With gradual growth in TVL and development, Cardano’s ADA appears to be making strides toward its long-term goals, despite the ever-shifting tides of the crypto market. -Featured image from Joshua Hoehne on Unsplash

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