Reasons Why ADA Is Thriving in the Current Crypto Bear Market
2022.07.15 21:59
Reasons Why ADA Is Thriving in the Current Crypto Bear Market
- Cardano (ADA) has thrived in this bear market.
- The price of ADA is currently at $0.4421 after a 24-hour rise of 3.17%.
- The MACD line also looks to cross the signal line on the weekly chart.
Cardano (ADA) has been one of the projects that have thrived in this year’s crypto bear market.
According to CoinMarketCap, the price of ADA is currently at $0.4421 after a 24-hour rise of 3.17%. ADA’s price is still down over the last seven days by around 7.17%. Its total market cap is $15.02 billion, ranking it as the 8th biggest crypto by market cap.
Shifting focus away from ADA’s price temporarily, investors seem to have a bullish outlook on the crypto as the number of ADA addresses continues to grow. As things stand, the number of ADA addresses rose from just over 3 million at the beginning of the year to over 5 million currently.
The number of projects being built on the Cardano blockchain has also surpassed 900 as teams continue to incorporate the ADA network into their projects.
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