Cardano (ADA) is striving to reach the $1 level and has become the 9th largest cryptocurrency by market capitalization. The ADA price is currently at $0.94, down 1.45% in the past 24 hours. The trading volume has declined by over 24%, indicating reduced investor activity. However, with other top altcoins experiencing losses, ADA could potentially see an upward movement when the market gains momentum. ADA's Open Interest (OI) has decreased by 2.16%, suggesting traders exiting the market but also signaling a potential price reversal. Cardano is also making progress towards implementing the Plomin upgrade, and there are speculations about a potential ADA Exchange-Traded Fund (ETF) approval.



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