Cardano ($ADA ) is gaining momentum thanks to new users
Cardano (ADA) rose above $1, which is an important milestone, despite being 67.42% lower than its all-time high of $3.10. After many years of lackluster performance, ADA has entered a growth phase, recently reaching two-year highs.
Data from IntoTheBlock shows a profit rate of 65% among Cardano wallets, reflecting growing interest from market participants. Additionally, Santiment reported that daily active Cardano addresses increased to 94,000 in November 2023, marking a sharp rise in adoption. Cardano's achievements go beyond price performance. The network is collaborating with Ripple, implementing the Chang hard fork and introducing the Cardano Constitution. Charles Hoskinson, the founder of Cardano, outlined plans to transition the blockchain to a multi-chain protocol and integrate real-world assets (RWA), positioning the platform as a leader in blockchain innovation.
