Cardano Transaction Volume Tops Bitcoin As Price Faces Inflection Point
For longer than other altcoins, the Cardano (ADA) price was stuck in a deep bear trend. However, recent data shows that bullish sentiment is returning. But, the ADA price is facing one last key challenge to start a major rally. A look at the 1-day chart of ADA reveals that the price managed to break the 200-day exponential moving average (EMA) at $0.396 to the upside today. The 200 day EMA is traditionally used to indicate the long-term trend and is considered a bear/bull boundary line. At the time of writing, ADA was trading at $0.408, but is still facing probably its biggest challenge in....
Charles Hoskinson’s blockchain has again become one of the most active networks by transaction volume as it approaches that of Bitcoin but none of that has helped the price of ADA. The Cardano blockchain has experienced an explosion in on-chain activity and now trails only Bitcoin in current 24-hour transaction volume, surpassing Ethereum in the process according to Messari.Cardano (ADA) currently has $17.04 billion in 24-hour transaction volume, according to data from on-chain analytics firm Messari. With Bitcoin (BTC) at $18.85 billion and Ethereum (ETH) at $5.25 billion according to....
Bitcoin is likely about to visit a key inflection point, historical data shows. Philip Swift, a crypto-asset analyst, recently noted that over the past four years, Bitcoin has undergone a crucial reversal in the middle of December, namely between December 15th and 18th. This cyclicality would suggest that Bitcoin is likely to undergo an inflection point come the middle of December. Bitcoin to See a Key Inflection Point, Historical Data Shows Bitcoin is likely about […]
Today has been a monumental day for Cardano. Caught within the recent crypto bull market, its token, ADA, hit a new all-time high price of $1.38 this evening. This marks an increase of approximately 2600% over the past year, as tracked by Messari. In fact, this milestone brings with it more good news for the smart contract platform. Over the past 24 hours, the surge of interest in Cardano has brought its on-chain transaction volume […]
Data shows the total volume of the Cardano-based NFTs has reached a new all-time high after surging up more than 300% in the last ten days. Cardano Daily NFT Volume Sets New ATH At 4 Million ADA Ater having remained low for the last few months, the 24 hour volumes on the ADA non-fungible token […]
It is no secret that Cardano remains the network with active developments going on at any point in time. This has now transferred over to the decentralized finance (DeFi) side of things where developers continue to flock onto the network. The result of this has been a surge in the volume being transacted on the […]