Cardano

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According to&nbsp;<a href="https://www.coinglass.com/currencies/ADA" rel="noopener noreferrer nofollow">CoinGlass</a>, the volume of derivatives trading on the popular cryptocurrency&nbsp;<a href="https://u.today/cardano-founder-reacts-to-cardano-security-sustainability-survey" rel="noopener noreferrer nofollow">Cardano (ADA)</a> has increased by 28.9% over the past 24 hours. Thus, as the data reports, perpetual futures on the Cardano token reached $362.30 million over the past 24 hours.&nbsp;
Moreover, according to&nbsp;<a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the volume of ADA trading on spot markets among all exchanges amounted to $306.29 million during the period under review. Thus, the total trading volume of Cardano token on spot and derivatives markets amounted to $668 million over the past day.&nbsp;
It is interesting to note that unlike the futures market for the Cardano token, the volume on the spot market did not increase over the 24-hour period but actually decreased slightly. This suggests that ADA trading was mainly on the open futures market and was more speculative than investing in nature.&nbsp;
<h2 dir="ltr" id="cardano-ada-price-outlook">Cardano (ADA) price outlook</h2>
And there is plenty of room for speculation with Cardano. Looking at the price chart of&nbsp;<a href="https://u.today/cardano-founder-on-scaling-things-could-move-very-fast" rel="noopener noreferrer nofollow">ADA</a>, we can see that first, the price of the token increased today, and second, it reached the key level of $0.46, which unfortunately it could not overcome.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="f1b4f0d0-ac78-424c-b9d7-a422f502da7f" src="https://u.today/sites/default/files/inline-images/cardanoada_1.png">ADA to USD by <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
This zone represents a strong price ceiling for the popular cryptocurrency, which it has not been able to break for a long time. Against this backdrop, jokes even began to appear that ADA is a stablecoin that costs $0.45. If&nbsp;<a href="https://u.today/theres-enough-money-cardano-creator-calms-down-ada-community" rel="noopener noreferrer nofollow">Cardano</a> is able to break through this mark, or rather ADA buyers bring the token to the zone above, the jokes would quickly end.

Cardano Skyrockets 28% in Volume as ADA Price Eyes Epic Breakout

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