Cardano Goes Bullish On-Chain: Can ADA Price Catch Up?
Cardano shows mixed signals on the technical indicators, not to mention the on-chain data. Despite bullish trends in the metrics, ADA has been unable to gain significant price momentum. At the time of writing, ADA is trading around $0.34, experiencing a slight 4% dip in the past 24 hours, leaving investors wondering whether it’s the right time to buy or wait. Related Reading: Bitcoin On Track For $92,000 ‘Bounce’ In 3 Months, Analyst Predicts Speaking of positive vibes, Cardano received a strong vote of confidence from the crypto community. In a recent survey conducted by Weiss....
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A raft of smart contracts are listed on Cardano's explorer, but they are in a timelock and cannot be used yet. More than 200 smart contracts have been listed on the Cardano blockchain explorer following the Alonzo upgrade on September 13 — but there’s a catch. As of now, the 200 smart contracts listed are in timelock and cannot be used by developers until they’re released.The Vercel App currently puts the number of smart contracts readying to be launched at more than 2200.Smart contracts have been a long-anticipated feature on Cardano since its launch in 2017 and the functionality was....
An important on-chain metric for Cardano (ADA) recently hit an all-time high (ATH), highlighting the confidence in the crypto token despite its underperformance. This and several other bullish metrics suggest that a significant rally may be on the horizon for Cardano. Long-Term ADA Holders’ Holdings Hit All-Time High The market intelligence firm IntoTheBlock revealed in […]
Cardano (ADA) forms bullish sentiments against tether (USDT) as the price of Cardano (ADA) aims to go higher with an imminent breakout above the current resistance. The price of Bitcoin (BTC) showed great strength after closing the weekly candle on a high, with the price holding above $21,700 for the first time in weeks. This has influenced most crypto assets, including Cardano (ADA), as the price aims to break out. (Data from Binance) Related Reading: Top 3 Reasons Why Cradles Will Make You Want To Try The Metaverse Cardano (ADA) Price Analysis On The Weekly Chart The price of ADA has....
On-chain data has provided insights into how Cardano (ADA) investors will likely react to the crypto token’s recent price surge. Cardano has been one of the leading gainers in the crypto market in the last seven days, with a price gain of over 14% during this period. Related Reading: Cardano Chang Upgrade Launch: ADA Sees 52% Explosion In Major Metric Cardano Could Face Significant Selling Pressure Cardano could face significant selling pressure from investors who recently entered the money following the crypto token’s price surge. Data from the on-chain analytics platform Santiment....
The Cardano decline in the past week seems to be coming to an end, as evidenced by on-chain data. While the overall crypto market has been in a slump, Cardano is starting to buck the trend. ADA, Cardano’s native token, has seen a huge surge in on-chain transactions from large holders, indicating sporadic activity and interest in the blockchain. Notably, transaction data shows that Cardano has registered over $10 billion worth of large transactions in the past 24 hours, representing a 26% increase within the time frame. Furthermore, this puts the worth of ADA large transactions at $32.54....