Cardano Celebrates Six Years of Shelley and Sees Price Bounce

Cardano's ADA token has seen a price increase of 1.24% over the past 24 hours, reaching approximately $0.1720, with a market cap near $6.27 billion according to CoinMarketCap data.

This is part of a broader altcoin resurgence, where several major assets are experiencing gains alongside Bitcoin's recent moves.

The ADA token remains down roughly 76% over the past year and sits at the #14 spot by market capitalization, with a total supply of approximately 44.99 billion tokens against a 45 billion cap.

Cardano recently marked six years since its Shelley upgrade, which introduced staking and decentralized block production to the network, achieving a milestone of processing 9.25 million blocks across 439 epochs without interruption.