Cardano Is Sky-Scraping by 14% Expanding the Uptrend

Arrow

Cardano's (ADA) late rally has expanded as a surge in NFT trading on the blockchain and increasing crypto sentiment encouraged greater ADA purchases.

ADA has surged by 14%  trading at $0.624, taking its weekly gains to approximately 22%. The coin has outperformed its rival blockchain in the race from last week. 

The rise in ADA appears to be fueled by increased interest in Cardano's NFT capabilities which took over Ethereum's stand in the third position.

Cardano's daily NFT sales surpassed $1.3 million, making it the third-largest NFT player behind Solana and Ethereum.