Cardano’s Volume Explodes: Will the Price Follow Suit?

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Hold onto your hats, folks! Cardano (ADA) is starting the week with a bang, as capital inflows are defying the latent price growth on the daily chart. According to data from CoinMarketCap, Cardano’s volume has skyrocketed by more than 99% in the past 24 hours. This metric, a sign of massive retail and institutional adoption, has pushed the volume to over half a billion dollars in monetary terms.

Cardano performance metrics light up

In actual terms, the volume surge is pegged at $517,295,677.64, with a Fully Diluted Value (FDV) of $26.41 billion. 📈

Cardano remains one of the best-performing altcoins in the market at the moment. The 24-hour price gain has soared by 1.36% to $0.5870. While the $0.6 resistance level remains a significant hurdle ahead for the Cardano price, critical maneuvers have been recorded in the past few weeks.

Despite the potential ADA price reversal to $0.54, market bulls, drawing on the volume’s strength, are also fueling general optimism. 🐂

For Cardano, the primary drivers of growth are tied to the potential sustainability of retail interest and the outlook for institutional adoption.

Recent CoinShares data shows a $0.4 million inflow for Cardano in the past week as total crypto funds topped $1 billion. 💰

How high can Cardano price soar?

Over the past month, Cardano has maintained a relatively close trading range. The coin has fluctuated between a low of $0.5131 and a high of $0.7303 over the past month.

With its current outlook on performance metrics, it could soar beyond $0.65 to reclaim its highest levels in recent times. 🚀

Although community backlash on ADA-tied projects remains a concern, the crucial advancements recorded cannot be ignored. From the growing push for a Cardano ETF to the launch of the Midnight Network, there are more than enough incentives for investors to go long on ADA in the future. 📈

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2025-07-07 15:53