Cardano’s (ADA) price has shown remarkable gains on the first day of the trading week. ADA extends the previous session’s gains and is now approaching toward the 50-DMA. As of press time, Cardano is changing hands at $1.18 with a 24-hour trading volume of $1,944,740,118. With the current gains, ADA ranked at 6 with the latest market cap of $39,707,163,994 as per the CoinmarketCap.
Cardano price started the fresh trading week on a higher spirit.
Expect more upside above 50 DMA at $1.23.
Investors accumulating near the demand zone of $1.50.
Cardano wallets achieved a 3 million milestone
As per Finbold, the total number of ADA wallets met the 3 million milestone achievement on February 3, and there is no sign of slowing down. It should be worth mentioning that Cardano wallets have climbed by 13.08% since the starting of 2022.
Source: Trading view
Currently, ADA is trading just below the 50-DMA placed at $1.23. An acceptance above the mentioned level could prompt investors to climb t
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