IOHK and the United Nations have offered a $10,000 bounty for developers to use Cardano’s blockchain.
While major altcoins look to bounce off last week’s sell-off, Cardano’s strong performance over the past three days continues this Monday.
The ADA token has jumped 10.64% in the past 24 hours to see the crypto asset’s price hit $0.105. The 9th ranked cryptocurrency is the top-performing coin among the top 10, ahead of Bitcoin SV, ChainLink, and Bitcoin Cash.
Meanwhile, the rest of the market is looking to consolidate fresh gains after a largely green weekend extended during the Asian trading session.
Bitcoin has gained 2% to hit highs of $10,920 before retreating to around $10,850 as of writing. Ethereum, which has struggled below $400 for over three weeks, has gained around 1.46% to trade at $358. XRP/USD remains mostly unchanged on the 24-hour log as bulls try to keep bears at bay around $0.24.
Cardano flips bullish
ADA/USD sank to lows of $0.075 on September 23 to see bears threaten to push prices lower and drop Cardano out of the top 10 cryptocurrencies by market cap. The past five days have however included 4 green daily candles, with higher highs and higher lows seeing bulls break above $0.10 for the first time in a week.
Yesterday, ADA/USD gained by more than 5% to register a daily close at $0.102 before rallying in the Asian trading session to reach an intraday high of $0.106.
Cardano may thus have plenty of upside room if bulls sustain pressure above prevailing levels amid a confluence of bullish technical and fundamental indicators.
For the latter, the network’s move to a new epoch in the next five days will see decentralization introduced via
