The popular cryptocurrency has risen in price by 30% before the launch of the first decentralized exchange

On January 20, 2022, the first decentralized cryptocurrency exchange will be launched on the Cardano altcoin network. Against this background, it has risen in price by about a third in a week.

The decentralized exchange is called SundaeSwap. It will provide an opportunity to receive digital currency through profitable farming. On January 17, the cost of altokine increased by 11%, reaching $1.5. The capitalization of the cryptocurrency has increased to almost $49 billion. Over the past week, the price of the coin has jumped by about 30%.

At the same time, it is worth noting that despite the sharp jump in the price of Cardano, it is still far from the historical maximum reached at the end of the third quarter of 2021. In September, with the release of the Alonzo hard fork, the price of the cryptocurrency rose to $3.

A source: CoinMarketCap, SundaeSwap