Cardano Continues to Post Record High On-chain Transaction Volumes
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- Cardano (ADA) price at $0.25 could be undervalued given rising on-chain activity.
- Santiment Data shows Cardano (ADA)’s increasing on-chain transactions.
- ADA’s discussion Rates indicate rising trader interest.
Despite lower lows, Cardano’s on-chain transaction volumes have continued to surge to new higher levels. In a recent tweet, on-chain data analytics platform Santiment shared that Cardano (ADA) is experiencing significant on-chain transaction volumes.
According to the tweet, the recent uptick in on-chain activity comes on the heels of ADA’s suppressed market price compared to its 5-month high, which was last tested in April.
In particular, the analytics platform mentioned that Cardano’s weekly on-chain transaction volumes have increased by 1726 percent between January and September 2023.
— Santiment (@santimentfeed) September 4, 2023
.@Cardano is still seeing rising #onchain transaction volume despite its suppressed market value compared to its April local top. Utility plays an important role in any bounce, and this combined with adequate $ADA social dominance, is still promising. https://t.co/EbGxIN8wFd pic.twitter.com/Y9SRtbXLFq
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The post Cardano Continues to Post Record High On-chain Transaction Volumes appeared first on Coin Edition.
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Cardano Continues to Post Record High On-chain Transaction Volumes
Share:
- Cardano (ADA) price at $0.25 could be undervalued given rising on-chain activity.
- Santiment Data shows Cardano (ADA)’s increasing on-chain transactions.
- ADA’s discussion Rates indicate rising trader interest.
Despite lower lows, Cardano’s on-chain transaction volumes have continued to surge to new higher levels. In a recent tweet, on-chain data analytics platform Santiment shared that Cardano (ADA) is experiencing significant on-chain transaction volumes.
According to the tweet, the recent uptick in on-chain activity comes on the heels of ADA’s suppressed market price compared to its 5-month high, which was last tested in April.
In particular, the analytics platform mentioned that Cardano’s weekly on-chain transaction volumes have increased by 1726 percent between January and September 2023.
— Santiment (@santimentfeed) September 4, 2023
Di…
The post Cardano Continues to Post Record High On-chain Transaction Volumes appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Cardano (ADA) Price Prediction: ADA Stabilizes at Mid-Range Support as Open Interest Surges