Cardano (ADA) Is the Cryptocurrency of the Day, How Did It Happen?

• ADA’s price climbed to $0.29, as bulls drove an upward momentum with sellers unable to void the movement.
• ADA was overbought and a retracement to $0.26 could be on the cards.
• If the OBV continues to increase, ADA may recover to $0.30.

Cardano (ADA) has been named the cryptocurrency of the day for October 28, according to a post shared by X (formerly Twitter) CryptoDep. The token of the day is a list coined by the crypto social intelligence platform LunarCrush.

To be top of the list, a project needs to have a significant surge in terms of the altrank and the galaxy score. Using the galaxy score and altrank, LunarCrush gives an idea of the interactions within a project’s community.

Coin of the day by social activity – @Cardano $ADA
28 October 2023#Cardano is a decentralized blockchain and #ADA is the coin that powers the Cardano network. pic.twitter.com/v79Q3vsoMr

— CryptoDep #StandWithUkraine (@Crypto_Dep) October 28, 2023

So, for ADA, being the cryptocurrency of the day means that there was a notable increase with respect to market activity around the token. When it comes to the price action, ADA changed hands at $0.29. This value was a 0.82% dec…

The post Cardano (ADA) Is the Cryptocurrency of the Day, How Did It Happen? appeared first on Coin Edition.