ADA’s price action and a few metrics look positive However, market indicators were against a price hike Cardano’s [ADA] development activity again helped the altcoin step into the limelight as it outperformed Polkadot [DOT]. Recall that DOT has been dominating the market in terms of development activity for quite some time. Apart from Cardano, Polkadot, […]
Are your ADA holdings flashing green? Check theWhile ADA’s price and development activity went up, several other interesting movements were noted on Cardano’s on-chain metrics. These metrics gave a fair idea about the direction in which ADA was headed.’s Market Value to Realized Value Ratio went up over the last week. This increases the chances of a continued price surge. Furthermore, ADA managed to gain interest from the derivatives market as its Binance funding rate also increased.
Moreover, ADA’s social dominance also registered a spike ast week, establishing its popularity in the crypto industry. However,Source: Santiment
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