Cardano (ADA) presents the best December performance in 6 years

Cardano (ADA) presents the best December performance in 6 years
фото показано с : invezz.com

2023-12-30 17:57

Cardano (ADA) is about to close its best December in six years. The crypto trades at $0.6232 at press time. While bearishness in the broader market triggered a more than 4% decline in the past day, ADA remains 61.93% up on its monthly price chart.

ADA 30D Chart on Coinmarketcap Cardano’s striking December performance

ADA registered notable bullish actions in December, surpassing gains in October and November. The 61.93% price surges represent the asset’s best December since 2012 when it ended the month with a staggering 517% jump.

Source – Cryptorank

Contrarily, the altcoin recorded declines during December sessions in the past two years. It plunged 15.9% and 23.1% in 2021 and 2022, respectively. Thus, the current situation represents significant optimism.

Ecosystem growth as a catalyst

Various crucial trends within the Cardano blockchain (this year) likely contributed to the altcoin’s enhanced performance. For instance, the Input-Output Global management remained dedicated to developing the platform. Introducing products such as the Midnight privacy protocol and Light Wallet Lace shows how the Cardano team is committed to innovation.

Besides starting the year with cryptocurrency memes like Snek, Cardano joined in industry initiates by onboarding stablecoin projects. The diversification in the Cardano blockchain contributed to the asset’s success in 2023.

The altcoin will likely close 2023 on a 152.9% YTD growth (if it sustains its current outlook). That showcases Cardano’s resilience this year despite challenges such as regulatory obstacles, which triggered ADA delists in notable trading platforms.

Meanwhile, the ecosystem’s dedication to project diversification, innovation, and resilience kept ADA afloat in the past year. Moreover, developments such as institutional interest makes Cardano ready for a successful 2024.

The post Cardano (ADA) presents the best December performance in 6 years appeared first on Invezz

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.6043 (-100%)

ada years best cardano december triggered market

ada years → Результатов: 61


Charles Hoskinson defends Hydra as Cardano DeFi thrives

Cardano (ADA) co-founder Charles Hoskinson has refuted claims that Hydra, the layer 2 scaling solution for the Cardano blockchain, has been unsuccessful. In an Oct. 5 video on social media platform X (formerly Twitter), Hoskinson revealed how Hydra has pivoted during the last three years and that measuring the network’s activity by transactions per second […] The post Charles Hoskinson defends Hydra as Cardano DeFi thrives appeared first on CryptoSlate.

2023-10-7 18:50


Trezor Hardware Wallet Introduces Support for Cardano (ADA), Price Reacts

Crypto hardware wallet has announced support for Cardano (ADA) after many years of not supporting the digital asset. As Cardano has grown and with the rise of decentralized finance (DeFi) on the network, there has been more demand for the cryptocurrency to be added to the wallet, which is one of the most popular crypto hardware wallets in existence.

2022-3-19 20:00


Фото:

Cardano’s Charles Hoskinson Reveals “Shelley” Roadmap, Speaks on “Systematic” Approach

Cardano’s much-awaited Shelley protocol is going live soon. The protocol has spent years in development, and has been ardently awaited by fans of Cardano and ADA, its native currency.   Steady and Systematic On May 28, Charles Hoskinson, the co-founder of Cardano, revealed the roadmap for Shelley, including code launch date, hard fork, and when theRead MoreRead More.

2020-5-29 13:33