• The price of ADA, the native token of the Cardano network, could jump more than 50% to $1.5 if it manages to overcome a key resistance level it is currently approaching.

Over the past week, #ADA has corrected more than 8.7% and now sits slightly above the $1.00 mark. The #cryptocurrency has gained about 11.4% over the past month, and its 52-week high last month was around $BTC In a post on microblogging platform X, which has over 118,000 followers, popular cryptocurrency analyst Ari Martinez said that ADA 1.10 If the $1.50 resistance is broken, it will reach $1.50, he shared.

Post at X by Ary Martinez.

#Cardano activity has increased significantly recently, with the number of daily active addresses surpassing 50,000, while the cryptocurrency's price has plummeted. According to reports, the activity of the cryptocurrency is increasing. In addition, cryptocurrency whales recently flooded into the Cardano network, buying more than 100 million ADA tokens in about two days.

Cardano has experienced several significant events. In particular, the Plomin #hard fork (a major update based on the Chang hard fork in September) gave ADA token holders the opportunity to directly participate in the future of the protocol through a management system.

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#TokenEconomy