Cardano’s (ADA) Impressive Run Fuels Snek’s (SNEK) Rise to New Heights

• ADA’s price increased by almost 6%, while SNEK climbed by 20% in the last 24 hours.
• Cardano’s ADA broke the key resistance at $0.60, indicating a possible jump to $0.70.
• SNEK was overbought as the price declined to $0.00112, but a further hike for ADA could trigger a rebound.

Cardano’s (ADA) price recorded incredible growth in the last 24 hours as the price moved from $0.56 to $0.61. Data from CoinMarketCap revealed that this jump represented an astonishing 5.84% increase within the aforementioned period.

However, ADA was the only token in its ecosystem that registered an eye-opening performance. Snek (SNEK) , which is a deflationary meme coin on Cardano, also climbed. According to the price tracking platform, SNEK’s price increased by a whopping 20.85%. 

This increase ensured that the value of the meme coin jumped to $0.00112. Furthermore, the price rise implied that SNEK had a strong correlation with the Cardano native token. Therefore, it is likely that ADA’s rise could fuel SNEK’s rise in the coming days. Also, if ADA’s price nosedives, SNEK could also follow in the same direction

Cardano (ADA)

Contrary to its performance on Februar…

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