Exploring Cardano’s 52% surge and the connection to NFTs
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Cardano’s NFT daily volume hit new highs with a 52.71% hike over the last 24 hours. ADA’s price surged, however, profitability of addresses remains low
Cardano [ADA] registered a massive decline in price over the past month. And yet, despite how it has been doing on the price front, interest in its ecosystem remains as high as it ever has been.
NFT market sees growth
According to data accessed by AMBCrypto, Cardano’s NFT daily volume soared, going past 450,000 ADA following a remarkable 52.71% hike in the last 24 hours alone. Additionally, the network saw robust activity, successfully completing 150,000 payments within the same timeframe, marking a significant 24.52% increase in overall activity.
Both these findings are a sign of a thriving ecosystem, a sign of sustained usage and adoption of Cardano’s network.
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