Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook

Quick Summary:

ADA Testing Crucial Supply Cardano has experienced a remarkable 250% rally in less than a month, showcasing strong bullish momentum as it gains traction in the market.Currently trading at $1.06, ADA is approaching its yearly high of $1.15, a crucial resistance level that could define its next price trajectory.

Related Reading: Bitcoin Holds Above $90K – On-Chain Data Reveals Key Demand Levels As Cardano continues to gain traction, investors are focusing on the next significant supply level.

Related Reading: Ethereum Eyes $3,900 – Key Resistance Break Could Spark A Surge Key metrics shared by IntoTheBlock reveal over 840,000 transactions recorded on the Cardano network, with total fees amounting to 279,000 ADA.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Cardano transactions Cardano Transaction Volume ADA Cardano network Cardano network activity Cardano news Cardano (ADA) Price Analysis Cardano addresses ADAUSDT Cardano

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 02:00:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 68 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23960114

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 12 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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