Cardano (ADA) Gains Over 11% In Value Over The Week

ADA is the native token for the Cardano Blockchain and it’s on a bullish trend. It has experienced a price increase of over 13% as it seeks to repair its October losses. ADA had also seen significant gains, however it remains at $0.4046 down 1.46%.

Cardano’s weekly gains are not the only thing community members are celebrating. The blockchain’s NFT sector has also experienced substantial gains. Cardano community members are hopeful that the blockchain will see major changes in November. 

Cardano Gains Over 13% As European Parliament Member Calls It A “Rocket”

Cardano’s gains over the past 7 days have been impressive, with traders enjoying a total gain of 13%. The blockchain network’s activity in the last 24 hours also shows a substantial increase in trading volume and number of transactions. ADA led the market in terms of trading volume with a 15% increase over the previous day.

The token’s weekly chart also showed impressive gains. The ADA grew by more than 13% making it the best performing cryptocurrency. Investors could take this as a good sign. The ADA/USD pairing broke the resistance of $0.36.

The recent surge in ADA prices comes after a European parliament member called the cryptocurrency “a rocket in the crypto space.” MEP Stefan Berger commentedFollowing his meeting with Frederik Gregoryaard, CEO at the Cardano Foundation, he posted on Twitter. ADAUSD price chart from 

ADA’s price is currently trading above $0.40. | ADAUSD price chart from

ADA listing on FTX might be disastrous, Cardano founder and BitBoy argue

Ben “BitBoy” Armstrong, a crypto influencer, voicedOn Tuesday, October 24, BitBoy expressed reservations about FTX listing the ADA. BitBoy said that FTX could force Voyager, a bankrupt crypto broker, to sell all ADA assets with spot pair listing. Charles Hoskinson, Cardano’s co-founder and CEO said that Voyager’s ADA accounts shouldn’t be liquidated if FTX starts trading ADA. FTX’s CEO, Sam Bankman-Fried, has been silent thus far.

ADA Experiencing A Mini Bull-Run, Cardano Educator

Popular Cardano influencer ADA Whale has commented that crypto is currently in the middle of a bull market. The influential, pseudonymously known as ADA whale, said that the crypto was in the midst of a bull run. statement on Twitter yesterday (October 25th) while referring to the network’s recent activities. According to the influential,

We’re in the midst of a mini bull run in network activity with daily txn tending to 100k at a blockchain load of 50%.

According to the educator, there were two main factors that led to this bull run. “The uptick is mostly thanks to the NFTs bull run, but trading on dexes has also notably picked up in recent weeks,” ADA Whale added.

Before this, Cardano’s educator had bullish predictionsInformation about the token. He noted that Cardano would “explode” in the next bull cycle once “DeFi, NFTs, and community engagement” start taking off. The educators mentioned that institutional investors appear to be losing interest in layer one (“L1”) blockchains. Therefore, it should provide space for Cardano (with its highly devoted and passionate community) to “thrive.”

Featured image taken from Pixabay. Chart from

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