Cardano price today: $0.6830
- ADA’s rally could be due to rumors of the federal government leveraging Cardano to build a blockchain-based election voting system.
- ADA’s exchange flows, and open interest shows increased appetite among bullish investors.
- ADA could rally to $0.8104 after bouncing off the 14-day EMA.
Cardano (ADA) is up 18% on Friday following rumors of the federal government leveraging its blockchain to build a blockchain-based election voting system. ADA has also seen increased attention from bulls, as its exchange net flows and open interest reveal increased buying pressure among investors.
Cardano bulls step up buying pressure following recent rumors
Cardano’s ADA has been one of the crypto market’s star performers since Donald Trump’s presidential election victory. In the past nine days, ADA has posted gains of over 100%. Despite the market cooling off on Friday, the altcoin continued…
