Cardano [ADA] has been a hot topic for a few weeks now especially after it rolled out the Vasil hard fork. However, the coin struggled to climb the ladder lately as it registered negative 13% growth in the last seven days. This was quite alarming for investors. Interestingly, Input Output Global recently posted a tweet […]
revealed that Cardano’s Relative Strength Index was in an oversold position, which was a massive bull signal, indicating a price surge in the days to come.
Not only this, but ADA’s Market Value to Realized Value ratio was also down considerably, which might indicate a possible market bottom. Interestingly, though ’s development activity witnessed a downfall last week, it managed to increase in the last few days — which was yet another positive indicator.as both its social dominance and social volume decreased over the last week. This represented diminishing interest of the crypto community in the altcoin. Moreover, the Binance funding rate also followed a similar route and decreased, indicating less interest from the derivative market.
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Cardano: This development may offer much-needed comfort to ADA tradersWhat can holders or crypto enthusiasts expect from Cardano [ADA] in the coming days? However, a bigger question is could significant updates lead to a much-needed price growth for Cardano’s native token? _____________________________________________________________________________________ Here’s AMBCrypto’s price prediction for Cardano (ADA) for 2022-23 _____________________________________________________________________________________ Answering queries Cardano remains one of the biggest and most-developed L1s within […]
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Cardano: This development may offer much-needed comfort to ADA tradersWhat can holders or crypto enthusiasts expect from Cardano [ADA] in the coming days? However, a bigger question is could significant updates lead to a much-needed price growth for Cardano’s native token? _____________________________________________________________________________________ Here’s AMBCrypto’s price prediction for Cardano (ADA) for 2022-23 _____________________________________________________________________________________ Answering queries Cardano remains one of the biggest and most-developed L1s within […]
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