Cardano price held firm above $1.20 on Wednesday. Recent on-chain inflows observed amid Gensler’s imminent exit suggest the rally could advance further toward $1.50 in the days ahead.
Cardano price settles at $1.20 on Wednesday, outperforming Solana and Ethereum with a 109% gain since Gensler hinted at his SEC exit on November 14. Cardano ’s TVL grew $373 million, signaling a 120% increase in demand for DeFi projects built on the blockchain over the last 20 days. Technical indicators suggest more upside potential as bulls mount steady support at the $1.20 territory.
This provides clear insights into changes in network demand and user activity around key market events. Cardano Total Value Locked | Source: DeFillama The chart above shows that Cardano TVL stood at $313 million as of November 13. That figure has since skyrocketed by 120% to hit the $685 million area on Wednesday, reflecting a 120% increase since Gensler’s exit hint hit the newsreels.
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