Cardano is one of the top blockchains in the market that is known for several reasons, including its technological advancements.
The ADA token has also been doing quite well, seeing a price surge of 25.07% over the last 24 hours. It is currently trading at $0.652 (at the time of writing).
Here is a graph by CoinMarketCap that shows the price of ADA over the past week.
This price surge could also be because more than 5 million native assets have been successfully minted on the Cardano (ADA) blockchain.
More details are mentioned below.
If you are interested in buying the popular altcoin, make sure you take a look at the Cardano crypto price prediction first and know when to invest.
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Minting of Millions of Native Tokens
Cardano (ADA) is one of the top ten digital assets and one of the reasons for its prominence is that the blockchain is quite technologically advanced. The team behind the blockchain keeps working on new upgrades that improve the services offered by it and positively impact the price of the digital asset ADA as well.
As mentioned above, ADA has seen a price surge and has also crossed a major milestone.
According to reports, 5.01 million native assets have been minted on the Cardano blockchain, deployed across more than 54,800 policies. The number of assets minted is double the number seen at the end of 2021.
It is also important to note that the Cardano network started accommodating the native assets on March 1.
Native assets are custom-made and the interested parties can interact with them “without the use of smart contracts”. The Cardano network has specified that the native assets can very well be used in the same way as the ADA token. This is possible because such capability is built-in.
The Cardano network saw significant growth last year as well, with more than 2.5 million native tokens on it at the time. Out of this figure, 2 million were the non-fungible tokens (NFTs).
This year, the number of minted native assets has grown even more, which is anticipated to drive up the price of the ADA token as well.
What to Know as a New Crypto Investor?
The Cardano network and ADA token are both quite well-known around the world. Even when the entire crypto space was stuck in bearish momentum, the value of ADA did not waver.
It was reported that the number of ADA wallets was more than 70,000 in a month and the Whales also noticeably accumulated the digital currency ahead of the upcoming Vasil hard fork (scheduled for June).
There are, however, several aspects new crypto investors need to know before they dive into the crypto space. Knowing which asset to buy and which crypto exchange to choose are only some of them.
Therefore, if you are a new crypto investor, make sure you consider following the tips mentioned below.
- Monitor the price movement of the digital asset you want to buy.
- Know what is the right time to invest.
- Choose one of the best crypto exchanges that are also according to your criteria and requirements.
- Always start by investing a small amount.
If you are new to the crypto space and want to invest in ADA, BTC or ETH then you can click on SwissBorg or Kraken (U.S. citizens).
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