Cardano (ADA) NVT Ratio Now Highest Since June: What Does It Mean?

Quick Summary:

Now, here is a chart that shows the trend in the Cardano NVT Ratio over the last few months: As is visible in the above graph, the Cardano NVT Ratio has witnessed a notable surge recently, even though the coin’s price has been following an overall bearish trajectory.

Related Reading: Ethereum Bullish Signal: Whales Withdraw $750 Million In ETH From Exchanges On the other hand, the low indicator implies the market cap may be undervalued compared to the blockchain’s volume, so ADA’s price could be due to a rebound.

Cardano NVT Ratio Has Surged To Its Highest Level Since June In a new post on X, the market intelligence platform IntoTheBlock discusses the latest trend in Cardano’s NVT Ratio.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: United KingdomIndiaJapan

Topics: Cardano NVT Ratio ADAUSDT Cardano Bearish Cardano NVT Cardano ADA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 09:00:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23337094

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