According to a CoinGecko report, the NADA token protocol, supplied by a Korean gaming developer, was one of the top-trending coins on Jan. 12.
As of the latest update, the live NADA Protocol Token (NADA) price is $0.062975, with a 24-hour trading volume of $12 million. This marks a notable increase of 185% in the last 24 hours. Over the past seven days, NADA has demonstrated a substantial price increase of 154%.
This outperformance is particularly notable when contrasted with the overall global cryptocurrency market, which has experienced a more modest increase of 5.2%. Furthermore, when evaluated against comparable cryptocurrencies within the Hedera Ecosystem, NADA stands out, surpassing the average performance of its peers.
As a Hedera-based reward-type token, NADA is commonly employed in an ecosystem that integrates blockchain-based NFT mobile games and metaverses. The token facilitates organic connections within the gaming and metaverse realms, developed and supplied by NADA Digital Co., a prominent game developer in Korea.
Its most recent price rally is said to stem from the news following an announcement on Jan. 12 that NADA coin’s listing would be available on the DEEPCOIN Exchange, a significant global futures exchange on Jan. 16, alongside some spillover from the positive spot Bitcoin ETF announcement earlier in the week