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Cardano Open Interest Soars 14%, Is ADA Price to $1.2 Possible?
According to recent reports, Cardano’s Open Interest has witnessed a significant surge of 14% in the past 24 hours. This remarkable rise, coupled with its current price, raises questions about the potential for the coin to reach $1.20.
At the time of writing, ADA is trading at an impressive $0.8575, having experienced a notable 4.45% increase over the last day. Meanwhile, its Open Interest has jumped by a staggering 14%, climbing to a considerable $2.14 billion, as reported by Coinglass data.
The cryptocurrency’s market capitalization now stands at approximately $30.79 billion, with a significant daily trading volume of $3.39 billion, an increase of more than 53% compared to the previous day.
Source: www.coinspeaker.com
