Cardano ($ADA ) grew more than 100% in the last month due to several key factors. The trading volume reached a 7-month high, indicating greater interest from both retail and institutional investors.
Transactions from large investors (whales) reached 6-month levels, suggesting renewed confidence in Cardano's potential.
The launch of new updates and improvements in the Cardano network attracted more users and investors. The decentralized economy of Cardano has experienced significant growth, with an increase in the total value locked (TVL) of its DeFi protocols. The widespread enthusiasm and low supply of ADA tokens have contributed to the price increase.
These combined factors have propelled Cardano to levels not seen in over two years.馃搱
