NADA Protocol Token spikes 69% following several listing announcements

NADA Protocol, a Hedera-based reward-type token, topped CoinGecko’s top trending chart with 69.2% gains in the last 24 hours, currently at $0.04886.

Alongside the double-digit growth the token experienced, the trading volume for NADA Protocol Token (NADA) also saw significant growth to where it currently sits at $42 million. This reflects a notable increase of 439% compared to the previous day, a major spike in activity.

Previous reports indicate the token has since impressive performance on the seven-day charts, with 124% gains, showcasing strong performance in contrast to the overall global cryptocurrency market, which has experienced a decline of 5.4%. At the same time, NADA outpaces similar cryptocurrencies within the Hedera Ecosystem, including Hedera and SaucerSawp, which, when averaged, have reported no change in value.

The increased activity from this coin is said to have stemmed from several announcements made from the project’s official X account, including NADA/USDT being listed on the DEEP COIN Exchange on Jan. 16 and the addition of a trading pair on Gate.io on Jan. 14.

These reports from CoinGecko coincide with analyst reports like those from Crypto Banter, which signal that altcoin season may have begun.