Cardano’s ADA is back in the game becoming the top performer in the crypto market relief rally.
The latest price surge for ADA comes on the backdrop of strong development activity on the Cardano blockchain.
Amid the ongoing relief rally in the crypto space, Cardano’s native cryptocurrency ADA has registered the strongest bounceback. As of press time, ADA is trading 29.32 percent up at a price of $0.67 and with a market cap of $21.8 billion.
The Cardano (ADA) price tanked more than 50 percent during the crypto market crash of May 2022. However, the ADA price has recovered by nearly 50 percent since the bottom with the recent price surge. With today’s price surge, Cardano (ADA) has also flipped Ripple’s XRP to become the sixth-largest cryptocurrency by market cap.
The latest ADA price surge comes amid strong development activity taking place on the Cardano blockchain. As per on-chain data provider Santiment:
Cardano is one of many #altcoins that have enjoyed a great start
