Cardano Sees Spike In Development Activity, Can The Price Of ADA Follow?
Cardano (ADA) has been experiencing a persistent downside trend since the start of 2023; the selling pressure has increased in the past week. However, network development continues to grow and could hint at a reversal for the cryptocurrency. Related Reading: Is Cardano (ADA) The Worst Investment Of 2023? Here’s What The Data Says Cardano (ADA) trades at $0.24 with sideways movement on its weekend price action as of this writing. In the previous seven days, the cryptocurrency recorded a 4%, with the potential for further losses if the price of Bitcoin continues on its current trajectory.....
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Activity on the Cardano network has been on the rise recently. This has come from a lot of developers moving to the network to launch their decentralized applications (DApps) on the blockchain. The rise in activity has also resulted in a direct surge in the price of its native digital asset, ADA. Cardano Volume Surges […]
Recent data released by the Blockchain analytics firm Santiment revealed that the Cardano network leads the way among other blockchains by development activity. This comes as Charles Hoskinson’s Cardano continues to build and make innovations that are projected to disrupt the blockchain space. What Makes Cardano Stand Out? Sharing this data on its X (formerly […]
Cardano (ADA) has had an eventful year in terms of price action and ecosystem development. Network activity is surging, partnerships are rolling out, and the ADA price has pumped relatively well. The timing for all of this couldn’t be better, as money has been flowing back into the broader crypto market, and a rally looks […]
Bitcoin’s price action hasn’t been providing investors with many insights, as it has primarily stagnated as it trades around $10,700 The cryptocurrency market is currently resting on the edge of a blade as investors closely watch to see where BTC may trend in the near-term One trend that seems to point to underlying bullishness is a spike in activity seen amongst new market participants While speaking about this, one on-chain analyst said that this spike […]
The total number of Cardano wallets with a balance of at least $1 million has surged, from 3,625 on July 20 to 9,830 on Aug. 24. Cardano (ADA) addresses with a balance greater than $1 million have surged 173% during the latest ADA price rally.Specifically, the ADA/USD exchange rate gained almost 200% after bottoming out at $1.007 on July 20. The pair reached its record high of $3.02 in the previous session, a move that was followed by a 6.42% price correction to $2.73 at the time of writing.Meanwhile, the same period saw the total number of Cardano wallets that hold at least $1 million....