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Cardano Price Jumps 8% as Leios Testing Hits 1,000 TPS Milestone

Guavy AI Editorial Team
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ADA
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Cardano's ADA token saw a significant price increase of 8.14% to $0.2191 in the past 24 hours, driven by major progress in scalability testing.

The boost comes as developers from Input Output Global (IOG) demonstrated around 1,000 transactions per second (TPS) throughput using the Ouroboros Leios upgrade.

This milestone is a crucial step towards improving Cardano's network capacity and performance, making it more competitive in handling complex applications and higher activity levels.

However, the current trading setup shows that ADA is still below its resistance level of $0.2270, with support levels at $0.2050 and $0.2079.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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