Logo
Cardano Ecosystem

Watcher Guru

01/02/2024

·

83 views


Cardano ADA Eyes Double Digit Gains as it Enters the Green in 2024

Cardano ADA has witnessed a surge in trading volume over the last 24 hours, seeing it enter the green at the start of 2024. Cardano token’s key turnover metric has experienced an impressive 49.07% increase,...

Cardano ADA Eyes Double Digit Gains as it Enters the Green in 2024

Cardano ADA has witnessed a surge in trading volume over the last 24 hours, seeing it enter the green at the start of 2024. Cardano token’s key turnover metric has experienced an impressive 49.07% increase, soaring to $631.41 million, according to CoinGlass.

ADA has been on the rise since mid-December 2023, so the continued growth in 2024 isn’t a shock. In recent weeks, ADA has had intermittent spikes of an additional 50% in price. Furthermore, trading volumes have skyrocketed from the usual $120 million to $400 million, and the coin has surged by over 180% in three months.

The growing volumes of ADA suggest mounting liquidity and sustained interest in the token. Cardano’s current levels of trading activity have not been witnessed in ADA since the summer of 2022. According to CoinGlass data, the Cardano token is displaying signs of accumulation on its price chart, reminiscent of a pattern observed in November, when the token traded flat for 23 days before experiencing a 75% growth spurt.

Also Read: Chainlink Could Rally Over 100% to $34 in 2024: Predicts Analyst

Investors in Cardano are watching the activity of ADA over the next few days, observing if the price will continue to surge. At press time, Cardano ADA is trading at $0.6073, according to CoinMarketCap.

AD

TapTax - Cardano Crypto Taxes Made Simple. Available Now!

Simplify your Crypto Tax experience! From a passive holder, to day trader, to NFT project, we have your taxes covered.BUY NOW!


Read Original Article on Watcher Guru

ORIGINAL SOURCE

https://watcher.guru/news/cardano-ada-ey...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Watcher Guru

See more
Crypto news: le performance delle 10 top coin per market cap
Watcher Guru
Crypto news: le performance delle 10 top coin per market cap

last Friday at 12:06 PM

·

5 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)