- On April 16, the Cardano (ADA) price soared by around 2.37% on the daily chart, soaring its price from $0.2449 to $0.2514 with a market capitalization of around $9.09 billion.
- The cryptocurrency might see a major breakout in price after staying in a consolidation zone for a long period of time.
- Major expansion, such as the launch of the Midnight mainnet, has boosted on-chain activity on the network.
Despite small headwinds in the overall crypto market, the Cardano (ADA) price has experienced a small spike on the daily chart. On April 16, the Cardano price soared above $0.25 with a spike of around 2% on a daily chart.
However, the cryptocurrency is quickly falling from this peak with a small correction. As of now, the ADA price is currently revolving around $0.2466 with a spike of 2% in the last 24 hours, according to CoinMarketCap. The cumulative market capitalization revolves around $8.94 billion with a daily trading volume of $619.46 million.
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