Cardano price rises 11% in less than 24 hours

TL;DR Breakdown • ADA has increased in value by over 31 percent in the last seven days.• Cardano seeks to become the largest financial system in the world and could surpass the Ethereum network. Cardano, one of the most iconic cryptocurrencies on the virtual market this year, has once again increased in price significantly, trading at about $2.70, according to CoinMarketCap. The cryptocurrency’s price has increased by 31.46 percent in the last seven days. The ADA price rose from $2.07 to its current price in less than a month. However, the crypto has not yet reached its last all-time high value which was $2.95. Cardano increases trading volume in August Cardano has gained an incredible operation volume due to its increase of 150 percent since last week. In this way, the circulating supply of the token has increased over 71 percent compared to the total supply that almost reaches 45 billion. ADA still ranks number three on CoinMarketCap with a market capitalization of $92.18 billion. In the next few days, the ADA price could rise and possibly reach new all-time highs. Charles Hoskinson opinions about ADA At the beginning of the year, Charles Hoskinson, the Cardano creator, announced that the new ADA network consumes less energy than BTC and other cryptocurrencies. Hoskinson thinks that the ADA participation test could be four million times bigger than BTC, but speculation. Climate accreditations aside, ADA also became a...