Cardano’s NVT ratio hits 5-month high: Is ADA overvalued?

Quick Summary:

Cardano's NVT ratio has surged to reach June levels, risking a further decline on ADA price charts.

As observed above by IntoTheBlock’s analysis, a decline in on-chain activities typically leads to further downside.

Thus, as observed by IntoTheBlock, ADA has to experience a surge in on-chain to see a rise in price charts.

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Article Details

Author / Journalist: Gladys Makena

Category: Crypto

Markets: United States

Topics: Cardano News 1 Social Ambcrypto News Altcoin Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 12:00:48 (1 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 573 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23338164

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 27 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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