Steady network growth and Charles Hoskinson’s network update are boosting Cardano’s prices at the start of this week.
Cardano (ADA) had a strong start to the week, rising 2% over the last 24 hours to trade at $0.3725 on July 8. This price growth has seen ADA recoup all the losses made on Sunday, July 7, citing a shift in investor sentiment toward the layer-1 token.
ADA’s rise is against the bearish cloud that continues to engulf the wider crypto market. For instance, Bitcoin (BTC) and Ether (ETH), the top two cryptocurrencies by market capitalization, have dropped by approximately 1.89% and 0.79%, respectively.
Let’s look at the bullish catalysts driving ADA price up today.
