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**$2 Billion Cardano (ADA) in 24 Hours: What’s Happening?**
In a stunning turn of events, the market has seen a massive influx of interest in Cardano (ADA), with over $2 billion worth of transactions taking place in just 24 hours. This sudden surge in activity has left many wondering what is driving this unprecedented demand.
At press time, ADA is trading around $0.40, representing a moderate gain of 3% from the previous day’s close. While some may be quick to attribute this rapid growth to speculation or market manipulation, the actual drivers behind this phenomenon are far more nuanced and multi-faceted.
One major factor contributing to this sudden interest is ADA’s recent consolidation phase. After a sharp decline in value over the past few weeks, the cryptocurrency has been trading sideways near its moving averages, indicating potential support from traders looking for long-term opportunities rather than short-term gains.
Source: https://u.today/2-billion-cardano-ada-in-24-hours-whats-happening
