
The Cardano (CRYPTO: ADA) token has been in a long period of price consolidation since its all-time high (ATH) in September last year.
The native ADA token of the Cardano blockchain platform has appreciated by more than 10 times since the onset of the pandemic, reflecting its increasing preference among developers to create decentralized applications (DApps) for a growing user base. Cardano has been instrumental in bringing to market more than 1,000 DApps that rely on its scalable and secure smart contracts.