$ADA volume rises to a new local high, which could be a starter of a recovery rally
has seen its trading volume surge to over 23 billion ADA, which could potentially spark a new bull run for the cryptocurrency. Despite ADA losing 22% of its value in the last three weeks due to a lack of speculative volume, the recent surge in trading volume could be a promising sign for the asset's future performance.
Furthermore, Cardano has been making significant strides in its development and partnerships, which could also boost its value in the long run. For example, Cardano, in the past, partnered with Chainlink to provide secure and reliable price feeds for developers building on its blockchain.The surge in trading volume for ADA could also be attributed to the overall bullish sentiment on the cryptocurrency market.
Despite the increasing competition among liquid staking derivatives, Lido Finance remains one of the most popular platforms in the market. The platform has continued to attract investors by offering high yields and low transaction fees. As a result, Lido's TVL has grown from $0 in early 2021 to over $9 billion as of January 2022.The recent strengthening of the U.S. Dollar Index could have a potential impact on the cryptocurrency market. The U.S.
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