297% Spike In Cardano Large Holder Volume Suggests ADA Price Could See Another Uptrend

Quick Summary:

This metric captures the total value of on-chain transactions exceeding $100,000 within a 24-hour period, offering insights into the behavior of high-net-worth investors and institutional participants.  Related Reading: Here’s Why The Bitcoin Price Could Surge To $138,000 Before Recording A 30% Crash Interstingly, the Large Transactions Volume in USD metric recently reached $28.43 billion on November 16, which is its highest so far till date.

The ADA trading volume has surged by about 29% in the past 24 hours, coming in at $2.31 billion.  Related Reading: Bitcoin Price Forms Bullish Symmetrical Triangle, Crypto Analyst Says Next Stop Is $100,000 As it stands, Cardano is currently outperforming every other large market cap crypto in the past 24 hours.

This figure marks a 297% spike in large transaction volume in the past two weeks.  Spike In Cardano Large Holder Volume The surge in Cardano’s large holder activity is highlighted by the ‘Large Transactions Volume in USD’ metric provided by blockchain analytics platform IntoTheBlock.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: ADAUSDT Crypto Analyst Adausd Crypto news ADA Cardano news ADA news Crypto analyst Cardano price ADA price Cardano

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Published On: 2024-11-20 @ 22:30:27 (22 hours ago)

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Language: English

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