Cardano’s native cryptocurrency ADA has joined the altcoin party gaining 12.5% in the last 24 hours. As of press time, the Cardano (ADA) price is trading at $0.7564 with a market cap of $26.8 billion. The recent surge opens the gates for the ADA price to rally to $1.
Why Is Cardano (ADA) Price Rallying?
The recent surge in the ADA price comes amid strong network growth and developments taking place in the Cardano ecosystem. The Cardano Treasury has surpassed the $1 billion mark, marking a significant milestone. This achievement underscores the importance of the treasury as a cornerstone of a self-sustaining ecosystem. Its decentralized structure ensures that decisions are driven by ADA holders, thereby strengthening democratic governance and decentralization principles.
The Cardano treasury, the economic war chest of the protocol that is filled partially by a portion of fees earned every epoch, has passed $1 billion in size.
— ADA whale (@cardano_whale) March 1, 2024
Last week, Ca
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