Cardano (ADA) Coin Trading Volume Skyrockets Because of This!

Bittime - Cardano (ADA) coin trading volume jumped significantly after the launch of Snek Fun. This new feature drove ADA network and trading activity to an all-time high.

Trading volume coin Cardano (ADA) recently experienced a huge surge following the launch of Snek Fun on September 5. Snek Fun, a platform based on the Cardano network, introduced a token launch mechanism that attracted many users, leading to Cardano trading volume surged to an all-time high. This not only benefits users, but also has a positive impact on the entire Cardano ecosystem.

Cardano Trading Activity Surge

The launch of Snek Fun, which allows users to create tokens for a minimum fee of 25 ADA, sparked increased network activity. In the first 24 hours, more than 2,000 tokens were launched on the platform, and trading volume surpassed 5 million ADA. This intense trading activity also attracts the attention of the community ADA coins, where the daily trading volume coin Cardano set a new record.

Also read : Ripple to Launch RLUSD Stablecoin Next Week?

Snek Fun's Positive Impact on the Cardano Ecosystem

According to observers, the features presented by Snek Fun, such as the ability to automatically add liquidity to Splash DEX, have the potential to become a model for future community-based projects. TapTools, one of the analytics platforms on the Cardano network, noted that Snek Fun was able to encourage the entry of new projects into the ecosystem and increase user participation in the network.

Increased trading volume ADA coins This was also driven by support from the community and Cardano founder Charles Hoskinson, who congratulated the Snek team on its achievement. Despite experiencing network problems during launch, Snek Fun managed to overcome these problems quickly, allowing trading to run normally again.

Future Projections for Cardano Coin

The success of Snek Fun's launch and surge Cardano trading volume sparked optimism among the crypto community. However, some analysts remain skeptical about the platform's long-term resilience. They argue that Snek Fun needs to add other features such as creator royalties and a messaging system to maintain its relevance in the market.

However, currently Cardano has managed to attract market attention with an increase in ADA prices of 5% in the last day. With a 24-hour trading volume reaching $162 million, Cardano shows great potential to continue growing amidst intense competition in the crypto ecosystem.

The launch of Snek Fun has proven capable of pushing the Cardano network in a more innovative direction, creating new opportunities for users and community-based projects. Coin Cardano (ADA) continues to show solid performance in the market, and this surge in trading volume is an indication that the Cardano network still has great potential for growth in the future.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.