NADA Protocol, a token based on Hedera, has surged to the top of CoinGecko’s trending chart with a remarkable 69.2% increase in the past 24 hours, reaching $0.04886.

With this double-digit growth, the trading volume for NADA Protocol Token (NADA) has also seen a significant rise, now standing at $42 million. This represents a substantial 439% surge compared to the previous day, indicating a surge in activity.

Previous data shows that the token has displayed impressive performance over the past seven days, with gains of 124%. This strong performance stands out compared to the overall global cryptocurrency market, which has seen a decline of 5.4%. Furthermore, NADA has outperformed similar cryptocurrencies within the Hedera Ecosystem, such as Hedera and SaucerSwap, which have shown no change in value on average.

The increased interest in this token can be attributed to recent announcements from the project’s official X account, including the listing of NADA/USDT on DEEP COIN Exchange on Jan. 16 and the introduction of a trading pair on Gate.io on Jan. 14.

These developments align with reports from analysts like Crypto Banter, suggesting that the start of altcoin season may be underway.

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