Amid the ongoing market turmoil, a mid-size altcoin has gained the attention of the cryptocurrency market. While the market stumbles, the Ardor price has skyrocketed over 127% over the past week. This has resulted in this altcoin becoming the center of attraction of the crypto community.
Following this, marketers are curious with questions like “Why is Ardor price up today?” To understand answers to these thoughts, we have comprehended a write-up understanding of the primary cause of the recent price action.
Ardor Token Shows ~90% Volume on South Korean Fiat Pair!
The ARDR price has displayed a stable price action over the past few days. However, this altcoin has gained momentum as it has experienced a significant massive inflow against the KRW pair. Notably, 89.46% or $177.5 million of the daily inflow comes from this pair, this speculates a major update or announcement in brewing.
Ardor Price Jumps Over 127% In 7 Days!
With a 1,284% surge in its intraday trading volume, the Ardor price has jumped 61.13%. This comes after the increased inflow of this digital asset from the South Asian region. Notably, Ardor coin price has soared 120.93% over the past week and approximately 53% during the last 30 days.
Moreover, with a total supply of 998.46 million, this altcoin has secured the 333rd position with a market capitalization of $91.43 million. Notably, if the bullish sentiment sustains, the price of this altcoin could head toward a new multi-year high in the longer time frame.
Considering the present market sentiments, it is uncertain to comment about the short-term price prospect as this altcoin is highly volatile and has displayed a major price surge in its valuation for the first time since November 2024.
Make sure to Do Your Own Research (DYOR) before investing in any digital assets.
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