Logo
Cardano Ecosystem

AZCoinnews

03/19/2023

·

255 views


Large transactions volume on Cardano is above $10 billion again as ADA price bounces back

This week saw an increase in significant Cardano network transactions surpassing 30 billion ADA, according to IntoTheBlock. More than nine months ago, this was last noted on May 31, 2022. A deal that costs...

Large transactions volume on Cardano is above $10 billion again as ADA price bounces back

This week saw an increase in significant Cardano network transactions surpassing 30 billion ADA, according to IntoTheBlock. More than nine months ago, this was last noted on May 31, 2022. A deal that costs more than $100,000 is considered to be significant.

It’s important to remember that the volume has kept within typical norms even if there have been more transactions. This volumetric data from the ADA amounts to more than $11 billion in money.

Notably, on the days that this regional high in the index was reached, the price of ADA, Cardano’s native token, had high-amplitude price activity.

However, the price increased by another 11% before declining by 13% in the first three days of the new week after recovering 8% from the $0.3 per ADA level seven days earlier.

large-transactions-volume-on-cardano-is-above-10-billion-again-as-ada-price-bounces-back

ADA/USD 4-hour chart | Source: TradingView

With the current $0.348, however, the bulk of token holders, precisely 76%, continue to incur losses. Only 861,060 ADA addresses – or 19.5% of the total – remain profitable. Last but not least, 4.45% of the 196,250 address holders are currently breaking even. The ADA price would have to drop below $0.337 for them to be underwater.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on AZCoinnews

ORIGINAL SOURCE

https://azcoinnews.com/large-transaction...

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.


More from AZCoinnews

See more
Cardano Founder Charles Hoskinson Expresses Intent to Collaborate with Kraken on Layer-2
AZCoinnews
Cardano Founder Charles Hoskinson Expresses Intent to Collaborate with Kraken on Layer-2

11/13/2023

·

471 views

Related News

See more
Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

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)