Examining Cardano’s 52% hike and what NFTs have to do with it

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Examining Cardano’s 52% hike and what NFTs have to do with it
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There has been a remarkable surge in Cardano's NFT daily volume, surpassing previous records with a 52.71% hike in the last 24 hours...

registered a massive decline in price over the past month. And yet, despite how it has been doing on the price front, interest in its ecosystem remains as high as it ever has been.According to data accessed by AMBCrypto, Cardano’s NFT daily volume soared, going past 450,000 ADA following a remarkable 52.71% hike in the last 24 hours alone. Additionally, the network saw robust activity, successfully completing 150,000 payments within the same timeframe, marking a significant 24.

And yet, after testing the $0.4-resistance level, ADA’s price rallied significantly, breaching $0.472 and shattering previous lower highs, signaling a potential reversal of the downtrend. With sufficient momentum, ADA could target the $0.600-threshold.

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