Following a recent price recovery and positive developments, investors are watching whether ADA can reverse its significant monthly decline.
Cardano announces new developments
Cardano announced several updates, including an SEC approval for a Grayscale
fund holding ADA and an integration into the
Brave browser. The project also approved a $70M
core development budget to support its growth.
Price sees sharp monthly decline
Despite these developments, ADA's price dropped by
↘34%
over the past month. This was a larger decrease than the
↘19%
average for similar crypto projects during the same period.
Price and trading volume rise in the last day
In the last 24 hours, ADA's price increased by
↗4%
, alongside a
↗19%
rise in trading volume. This daily gain outperformed the
↗1%
average increase seen across similar assets.