Cardano’s native ADA token reached its highest price in over four months on November 5th, surging to $0.339. This represents a gain of more than 7% in a single day.
The price jump comes on the heels of the two-day Cardano Summit 2023 event which generated significant enthusiasm for the project. The summit was held from November 2nd to 4th and boosted awareness of Cardano’s ongoing development.
Keypoints
- Cardano’s ADA token hit a 4-month high price of $0.339 on November 5, up over 7% in one day.
- The price surge comes after the 2-day Cardano Summit 2023 event which generated enthusiasm.
- ADA’s price is up nearly 18% over the past week and over 30% in the last month.
- The increase coincides with a rise in Cardano whale transactions over $1 million.
- Cardano’s total value locked (TVL) in DeFi has surged 39% in the past month, indicating growing utility.
- ADA price broke out of a falling wedge pattern, with technical…
