Cardano Posts Two Bullish Signals at TOKEN2049 as ADA Rebounds
- —Cardano recorded about 27,500 daily active addresses on October 7-8, well above September's weekday norm
- —The spike coincided with CIP-0113, a standard embedding KYC and transfer restrictions into native tokens
- —The .ada domain application advanced in ICANN's program with roughly 75% community support
- —ADA rebounded above $0.24, up over 7% in 24 hours, after being rejected at a multi-month peak of $0.28
Why it matters: Higher on-chain activity and the .ada domain bid strengthen Cardano's infrastructure case, though the activity spike must hold beyond the launch window to matter for ADA holders.
Source: CryptoPotato