The Top 10 List

Cardano’s native token – ADA – has been among the most trendy cryptocurrencies lately, capturing significant interest due to its price increase. As revealed by Santiment, the coin has witnessed the most development activity in the past 30 days.

Polkadot (DOT) and Kusama (KSM) follow in the next two positions, while the second-biggest digital asset by market capitalization – Ether (ETH) – is in ninth place. Interestingly, bitcoin (BTC) has not found a spot on the list.

Is ADA Poised for a Further Rally?

Cardano’s coin recently soared above $0.37 (per CoinGecko’s data), representing the highest level since June 2023. Several analysts believe the price growth could continue in the following months, with some envisioning wild new targets.

The X (Twitter) user Ali suggested ADA has a chance to skyrocket to almost $10 by the end of 2024, whereas Lucid thinks the asset could explode to the astonishing $30. The latter based the forecast on the assumption that global inflation could act as a catalyst for the cryptocurrency market and push its capitalization to $10 trillion within the decade.

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By Team