Cardano (ADA), the 8th most valuable cryptocurrency by market capitalization, experienced a colossal price spike in the first week of January 2023. The move is auspicious for ADA, especially as many altcoins are still nursing losses carried over from 2022.

Cardano (ADA) has entered 2023 with positive momentum bringing with it the success of the top cryptocurrency protocol by development activity in 2022.

ADA is showing positive on-chain metrics.

The surge in Cardano’s [ADA] trading volume in the last 24 hours pushed the price of the layer 1 coin to its mid-November levels, data from Santiment revealed.

Decentralized finance (DeFi) asset Cardano (ADA) continues to record increased buying pressure while appearing to decouple from the general crypto market with a price explosion.

Crypto markets are in the green today, and Cardano (ADA) is outperforming its brethren. Decentralized finance (DeFi) on the network is also making a comeback.

The value of both Solana and Cardano spiked by over 21 percent late Sunday, according to data from CoinGecko, both reentering territory not seen by either since November. Cardano, the eighth-largest cryptocurrency by market cap, saw its price spike to $0.33—a price not seen since November 19. Meanwhile, Solana, which kicked off a remarkable run with an 11% jump in value on Monday, spiked again Sunday to $16.04, territory it hasn't seen since Nov. 9, when it was partway through a collapse of more than 50% over the prior three days. Solana saw the best first week of the year out of any top-2o coin, today clearing a 60% increase over seven days. It's a remarkable rebound for SOL, which plummeted more than 41% in the wake of the FTX collapse. Once called an "Ethereum killer," Solana was once a favorite of Sam Bankman-Fried. (Decrypt)

The price of the native token of smart contract platform Cardano, $ADA, has surged more than 10% so far this year, at a time in which whales on the cryptocurrency’s network have restarted accumulating.

Dan Gambardello, Founder of Crypto Capital Venture, as well as the host of the very popular YouTube channel “Crypto Capital Venture”, shared his thoughts on $ADA.

As of writing, Cardano (ADA) was trading at $0.2464, up 0.26% in the last 24 hours. If the bulls maintained momentum, ADA would retest or surpass its previous support level of $0.2472 and head back straight to the $0.30s again. Then we have VeChain (VET) in the limelight as the European Parliament reached a provisional agreement on the ‘New Battery Law’ that might form a solid use case for the VeChain (VET) project. Last but not least, Orbeon Protocol (ORBN) managed to skyrocket over 805% in December, and analysts now predict it will surge over 6,000% in Q1 2023.