Cardano.

Cardano’s (ADA) price has risen by 30% in tandem with the crypto market’s overall rebound.

As transaction volume surged to three times that of Ethereum, ADA has surpassed XRP to become the sixth largest cryptocurrency. In truth, multiple factors have caused the enormous increase, including the Cardano-Ethereum USDC bridge, all-time high development activity on GitHub, and the planned Vasil Hard Fork in June.

The price of Cardano (ADA) has rebounded from its lows.

Cardano’s (ADA) price has risen about 50% in the last two days, reaching a high of $0.67. Investors and whales rushed in to buy the dip when the price dropped to $0.45. Furthermore, in the last two days, the number of transactions and total value locked (TVL) have skyrocketed. As a result, costs are skyrocketing. On the Cardano network, the total number of NFTs minted has already topped 5 million.

In reality, as prices continue to fall, Cardano’s team has been working on a number of projects. According to Santiment in a tweet on May 31, development activity on GitHub has reached an all-time high, and the price has risen as a result of a loss increase on the Cardano network.

The debut of Iagon’s Cardano-Ethereum bridge for USDC has also sparked interest among cryptocurrency enthusiasts. The world’s second-largest stablecoin can now be moved from Ethereum to Cardano. Cardano has reached a critical interoperability milestone. Other coins will be supported in the near future.

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