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18.12 - 16:33
Cardano’s ADA Token Rallies Ahead of DEX Testnet Launch
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The Cardano network’s native token ADA rose in the market today ahead of an expected testnet launch for one of the blockchain’s first decentralized exchanges (DEXs), SundaeSwap, this weekend.
At 11:00 UTC on Friday, ADA was up by 4.8% over the past 24 hours to a price of USD 1.66, making it today’s best performer among the native tokens of the major smart contract protocols.
However, the price remained down by more than 7% over the past two weeks, significantly underperforming its competitor ethereum (ETH), which rose by nearly 15% over the same time period.
The rise today follows an announcement from the team behind the Cardano-based DEX SundaeSwap that it is set to launch a testnet version of its exchange on Sunday, December 5.
Given that
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