The rapid growth of Cardano (ADA) quotes on January 17th was probably influenced by the fact that ADA outpaced ETH in terms of trading volume. According to the Messari service, Cardano users made transactions for $7.02 billion in 24 hours, and ETH for $5.41 billion. With such transaction volumes, Cardano users paid a little more than $66 thousand fees, and Ethereum – $44.74 million.

Over the last trading week, ADA has increased in value by more than 40%. Another reason for Cardano’s growth is the launch of the Pavia project on January 17th on their blockchain, which is a metaverse like Decentraland.

Investors are interested in fixing above the $1.59 level, as this may create prerequisites for further growth.