ADA faces potential positive performance with recent Cardano activity, but challenges in the NFT space pose concerns
, over the past month, has battled with both bullish and bearish sentiment, causing the price of ADA to fluctuate frequently.However, recent activity on the network could help ADA see green more consistently. According to data, the Cardano network executed 81,000 transactions successfully within the past 24 hours.The heightened activity signals a growing adoption of the Cardano blockchain, which could attract more users, investors, and developers.
Notably, the Cardano DEX Spectrum recently achieved a milestone, with its daily trading volume surpassing 1.04 million ADA. Over the last week, the sales volume for NFTs on the Cardano network had fallen by 16.30%. Coupled with that, the number of buyers of Cardano NFTs declined by 83.58%.