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Cardano (ADA) Just Broke Higher: The Data Says It Wasn’t Just Short Covering

What happened

The native token of the Cardano blockchain has skyrocketed by almost 100% since its multi-year low of under $0.14, marked in late June as the FUD around the protocol spread like wildfire. The asset recently hit a multi-month peak of over $0.27, and data from Santiment showed.

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