Cardano (ADA) still maintains its position in the top 10 cryptocurrencies by market capitalization despite a short-term pause last week. 🌟
- In the past 24 hours, ADA has increased by over 7%, demonstrating a strong recovery as the bull market returns. An important on-chain indicator has reached its highest level in over two years, further reinforcing the optimistic argument.
- Data from IntoTheBlock shows that network activity has surged, with over 840,000 transactions generating 279,000 ADA in fees. This increase reflects a growing level of interest and adoption within the Cardano ecosystem.
- ADA has surpassed the $1 mark, with major investors purchasing over 130 million tokens, tightening supply and potentially driving value up if demand remains stable or increases.
- On the technology front, Cardano has successfully deployed its first zero-knowledge smart contract, Halo2, on the mainnet, paving the way for zero-knowledge applications and integration with partner chains like Midnight. 🚀