Cardano [ADA] traders can expect this firework in coming week
has had a difficult journey in 2022. Despite showcasing strong development fundamentals, ADA’s price failed to reciprocate the same. This has been one of the reasons why ADA didn’t see a massive demand from investors in the recent rally.soon as traders could expect some fireworks as the network continues its campaign of growth.At press time, Cardano was up by more than 13% within a week and 25% in ten days as it surpassed the $0.5 mark on CoinMarketCap.
Meanwhile, long-term investors and bullish traders seem to have returned to this emerging network. Look at the average funding rates story narrated below.Here, funding rates represent payments to traders who are long on ADA. Positive rates indicate strength among buyers wishing to go long , while negative rates indicate greater strength among short position traders .In addition to this, volume witnessed a sharp uptick on Santiment.
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