![Cardano [ADA] holders might not be disappointed to read this](https://i.headtopics.com/images/2022/9/14/cryptoamb/cardano-ada-holders-might-not-be-disappointed-to-r-cardano-ada-holders-might-not-be-disappointed-to-r-1569832087280308224.webp)
Charles Hoskinson, the co-founder of Input Output Global, recently retweeted an update about Cardano’s [ADA] rapidly growing technological development. With the Vasil hardfork in sight, and steady improvement in the network, could this mean something for ADA’s price action? An interesting development The aforementioned update measures active GitHub contributors over the month of August and […]
r have shown across social media as well. Cardano witnessed a 31.89% increase in its social mentions and a 24.56% spike in its social engagements over the past month.
But that’s not the only positive news. Cardano’s address count has been growing steadily and has seen a 6.07% growth over the past three months. The total number of addresses, at press time, stood at 3.87 million and the number continues to keep on growing. Furthermore, Cardano has also seen slight growth in its marketcap dominance as well. The altcoin witnessed a 1.74% growth in the last 30 days. Thus, capturing 1.68% of the total market at press time.However, there are some areas of concern for investors as well. One of the major alarming signs for investors could be Cardano’s significant drop in volume in the recent past. The volume of the altcoin has gone down in the past month and it could go further south in the future.
There has also been an increase in volatility over the past month. Thus, making investments riskier than usual.That being said, at the time of writing, ADA was trading at $0.5032, with a depreciation of 1.84% in the last 24 hours. Although the price rallied from $0.457 on 7 September, the upward momentum seems to have come to a halt.
The Relative Strength Index , at press time, was at 48.71, with the momentum slightly skewed towards the sellers. Furthermore, the On-Balance-Volume has also been moving sideways. Thereby, suggesting the price won’t be seeing much action in the near future.Subscribe to get it daily in your inbox.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Assessing Cardano’s potential to inflict a breakout from this patternDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After an expected up-channel breakdown, Cardano [ADA] spurred bearish pressure that pulled the coin toward the $0.43 baseline. The previous month’s bear run found rebounding grounds from this baseline as the altcoin chalked out a […]
Read more »
Cardano-based Aada Finance launches $25k opportunity- Here’s howAhead of its launch on 13 September, Cardano-based Aada Finance is offering a $25,000 bug bounty competition; those who can spot critical smart contract vulnerabilities and provide suggestions on fixing them will be eligible for the prize. Aada Finance is the first protocol set to offer NFT lending and borrowing services on the Cardano blockchain. […]
Read more »
There is more at risk in Canada's housing downturn than just pricesThere is more at risk in Canada's housing downturn than just prices — via financialpost RealEstate Mortgages
Read more »
There is more at risk in Canada's housing downturn than just pricesThere is more at risk in Canada's housing downturn than just prices — via financialpost RealEstate Mortgages
Read more »
There is more at risk in Canada's housing downturn than just pricesThere is more at risk in Canada's housing downturn than just prices — via financialpost RealEstate Mortgages
Read more »
There is more at risk in Canada's housing downturn than just pricesFalling home prices are not improving housing affordability and could hurt the economy. Read on for more
Read more »