Cardano to set its new uptrend with the aid of its DeFi growth
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.Cardano is sending off a bullish indicator amid a move by major digital currencies printing a resurgence in their price growth.
With the broader volatility in the digital currency ecosystem today, Cardano is set to benefit from the continuous growth in yield-bearing products brandished by decentralized applications resident on it. With the demand in DeFi products, there is bound to be a ready demand for ADA, which will form a more natural avenue for the price of the token to be driven higher based on the laws of supply and demand.
Cardano is trading at a price of $0.3632, with a discount of 2.20%, a current trend that is complemented by the 5.25% growth in the week-to-date period.
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