Cardano’s 25% Price Surge In a Week Mercilessly Liquidated ADA Bears
According to the crypto analytics agency Santiment, Cardano's ADA token price increase of 25% last week was accompanied by a large-scale liquidation of short positions. This is clearly visible on the chart, which directly shows the price of the token and the funding rate on exchanges.
In any case, ADA managed to finish the week most positively, performing a 25% surge at one point. At the end of the week the token quotation grew by 15%, and its price managed to hold above the level of $0.5. Thanks to this result, Cardano overtook its competitors in the top CoinMarketCap by market capitalization and now ranks sixth there. With a capitalization of $17.7 billion, Cardano is ahead of such crypto projects as Binance USD (BUSD), XRP (XRP), Solana (SOL) and Dogecoin (DOGE).
Source
https://t.me/Cronos_Cardano_Ripple
