The crypto market started the new week with low volatility, similar to the past few weeks. The leading cryptocurrency Bitcoin (BTC) surpassed the $29,600 level with a value increase of nearly 1% in the last 24 hours. Cardano (ADA), on the other hand, recorded a modest rise of 0.2% in the last 24 hours and started trading at around $0.29.
Crypto Market on the Rise
Although the crypto market started the week with low volatility, the leading cryptocurrency Bitcoin (BTC) managed to surpass the $29,500 level with a value increase of nearly 1% in the last 24 hours. Ethereum (ETH) also started trading at around $1,850 with its recent value increases. According to CoinMarketCap (CMC) data, the total market value of the crypto ecosystem reached $1.18 trillion.
With the leading cryptocurrency rising again and surpassing the $29,500 level, many high market value cryptocurrencies turned their direction upwards. Cardano (ADA) recorded a modest rise of 0.2% in the last 24 hours and started trading at around $0.29.
What is the Current Status of Cardano (ADA)?
Cardano’s native cryptocurrency ADA has shown relatively lower price performance compared to many other high market value cryptocurrencies in recent weeks. While most cryptocurrencies, including BTC and ETH, have seen increases of up to 3% in the last week, ADA only managed to record an average value increase of 1%. In the last 24 hours, ADA recorded a modest rise of 0.2% and started trading at around $0.29.
Furthermore, crypto analysis platform Santiment highlighted the increase in the number of addresses holding at least 100,000 ADA. According to the data shared by Santiment, the number of addresses holding at least 100,000 ADA reached a 16-month high of 25,294.
