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Cardano Rises Early On Friday

00:00:52

Cardano, the brainchild of Charles Hoskinson, has risen nearly a percent in the past 7 days, soaring despite losses by both Ethereum and Bitcoin. Cardano has gained over 9% on Bitcoin and over 10% on Ethereum in the last 24 hours on a 125% increase in trading volume. Cardano has gained over 850% this year, reaching an all-time high of over $3 in September. Cardano is rising as it remains the 4th-most mentioned token on Twitter ($TWTR@US), just behind Solana, Bitcoin, and Ethereum. The token received smart contract functionality in September with the Alonzo hard fork, and recently, Hoskinson has been rolling out new features, discussing DApps, and even released on social media about a fundraising mechanism that would use an Initial Stake Pool Offering. At press time, Cardano was down slightly, trading at $1.67.

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