Cardano Defies Market Downturn: On-Chain Activity Surges in July, Stats Show

Quick Summary:

Cardano July Growth Regarding the network’s health, statistics revealed by the foundation show that Cardano saw a modest yet worthy increase in transactions to 94.6 million, up by 1.62% from the previous month.

Related Reading: Hoskinson Claims Cardano Will Flip Bitcoin As Leading Crypto This decline has brought the asset to currently trade at a price of $0.3202, at the time of writing—a slight increase from the price tag of $0.2789 seen earlier today.

Particularly, according to the Cardano foundation, the blockchain stands out in July for its notable increase in on-chain activity, despite broader market setbacks.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: ADAUSDT Crypto Cardano Crypto market Altcoin market ADA Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 08:00:43 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21954141

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