COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Cardano Sees Surge in On-Chain Activity as Price Rises
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cardano (ADA) > Cardano Sees Surge in On-Chain Activity as Price Rises
Cardano (ADA)

Cardano Sees Surge in On-Chain Activity as Price Rises

In Brief

  • On-chain data, also known as off-chain data, reveals a significant increase in the on-chain activity of Cardano (ADA), a major altcoin, which corresponds to the increase in price. The data indicates that Cardano’s wallet address activity and the number of large transactions have reached levels not seen in over three months.ContentsInsights from Cardano Wallets and […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

On-chain data, also known as off-chain data, reveals a significant increase in the on-chain activity of Cardano (ADA), a major altcoin, which corresponds to the increase in price. The data indicates that Cardano’s wallet address activity and the number of large transactions have reached levels not seen in over three months.

Contents
Insights from Cardano Wallets and TransactionsADA’s Price Performance and Potential Catalysts

Insights from Cardano Wallets and Transactions

On-chain data provided by the Zeri platform IntoTheBlock shows that 61% of ADA investors have been holding their assets for over a year without selling. This indicates a strong long-term investor base for the Cardano ecosystem and ADA. The percentage of large investors in Cardano is currently 29%.

However, the majority of wallet addresses (74%) are currently at a loss with the current prices. The high number of investors at a loss is seen as a positive signal as it could prevent potential selling pressure on the price.

Furthermore, significant transactions worth over 22.56 billion dollars have been conducted in the past 7 days in terms of trading volume. Although the number of whale-level wallet addresses (holding more than 1% of the circulating supply) is low at 3, the inflows and outflows among large ADA investors are significant. The 30-day change in this metric shows an increase of over 1,124% in inflows and 209.14% in outflows.

ADA’s Price Performance and Potential Catalysts

Cardano’s price performance is supported by positive on-chain data, and the popular altcoin is currently trading at $0.3185 with a 4.28% increase in the last 24 hours. Furthermore, ADA’s trading volume is at $465.14 million, representing an increase of over 30% during the same time frame.

Analysts who look at ADA from a technical perspective emphasize the importance of surpassing the significant level of $0.30. According to them, for the upward trend to continue, the price must stay above this level.

The ongoing Cardano summit, where blockchain enthusiasts and developers come together, is seen by the community as a potential catalyst for further positive sentiment that could potentially reflect on the altcoin’s price. The approval of a spot Bitcoin exchange-traded fund (ETF) in the US is also considered another significant catalyst for a potential price increase in ADA.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Cardano Rises Above Challenges to Establish Strong Ground

Cardano Aims to Rise Past USDC in Market Value

Cardano Surges as Bullish Patterns Signal Growth

Cardano Price Rises as Investors Anticipate Psychological Threshold

Cardano Faces $600 Million ADA Coin Embezzlement Controversy

COINTURK NEWS 3 November, 2023 - 10:48 am 3 November, 2023 - 10:48 am
Share This Article
Facebook Twitter
Share
Previous Article Georgia National Bank Chooses Ripple for Digital Lari Project
Next Article What is Cindicator Coin?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Kraken Pro Ignites Pi Coin with Futures Trading Boost
Altcoin News
Solana Targets New Highs: Price Momentum Intensifies
Solana (SOL)
Cardano Rises Above Challenges to Establish Strong Ground
Cardano (ADA)
Bitcoin Surges to New Heights as Market Dynamics Shift
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?