Cardano Rallies As Rocketing To New High

The total value of Cardano has reached a new all-time high of $140 million. It is the 9th biggest crypto and is currently valued at $139.79 million. Over the past couple of years, the number of ADA coins in circulation has increased significantly. This is especially visible in the wallets with 1 to 10 million ADA coin holdings. On the first day of spring, the total amount of ADA coins in circulation reached a new high of 12.47 billion. The largest portion of its assets is held by SundaeSwap, a decentralized exchange that’s managed by Cardano.

Despite all of the new achievements that were made by Cardano, its price has been stuck in a tight range, which could lead to a reversal. The coin tried to reach the $0.99 mark on March 1, but it failed to sustain the rally. During the last three days, its price has decreased by more than 13%. Its current price is hovering at the same levels as in February 2021. In 2021, it had rallied by 243% to reach an all-time high of $3.09, but it quickly slumped as the market went through the end of the year.