Cardano News: Main Reasons For ADA Price Boost

The whole crypto market exploded price-wise during the past week.

Cardano’s ADA also saw massive price gains, and at the moment of writing this article, ADA is trading in the green, and the digital asset is priced at $0.153619.

The coin is now up by more than 15% in the past 24 hours.

Here are the main reasons for the price rise according to the latest info coming from the Cardano community.

The same person continued and explained: “Not to mention – all of us that have been preparing for this have our $ADA locked and earning rewards. DEMAND > SUPPLY Price goes BOOM!”

Another follower commented: “My take for what it’s worth. The market seems to love a hard fork. Had this with the Shelley hard fork, the last time #ada was $0.15. Great thing is that there are 3 coming up, each with more functionality. The future is bright.”

Cardano Foundation warns about bad actors

In other recent news, the Cardano Foundation warned about bad actors and scammers.

The team behind the project also said:

Stay tuned for more news.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.