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Cardano Ecosystem

Blaze Trends

05/31/2022

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This is why the Cardano price rises by 30 percent

Many more positive signs Also, the number of transactions and total value locked (TVL) has skyrocketed in the past two days. This also pushes the ADA price up. The Cardano network is also increasingly used for NFTs. Namely, the...

This is why the Cardano price rises by 30 percent

Many more positive signs

Also, the number of transactions and total value locked (TVL) has skyrocketed in the past two days. This also pushes the ADA price up. The Cardano network is also increasingly used for NFTs. Namely, the number of NFTs created on the Cardano network has surpassed 5 million.

Another key indicator that is very positive is the high activity on Github. Development activity on the platform has reached an all-time high, Santiment reported in a tweet on May 31. That means that developers are working hard to improve the platform.

“Cardano is one of many altcoins that started the week well, currently +13% in the last 24 hours. The development activity has reached the All-Time High level as the team at ADA worked on innovation while the prices were suppressed.”

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