Cardano: Daily Transaction Count Approaches 100,000
In just a matter of eleven days, ADA has risen from $0.2392 to $0.346. Retrospectively, investors’ returns have increased by 45%. Over the past day, however, the asset’s price witnessed retracement. After noting a 5.24% drop in 24 hours, Cardano was trading at $0.3156 at press time. During the late October to early November period last year, the price of the asset couldn’t surpass its 100 EMA. Now, it is stuck at the very same juncture. In this article, we will analyze the state of the on-chain metrics to see if the environment is currently favorable for ADA to break past this particular hurdle. Source: TradingView Also Read: Cardano , Solana, Lido Rally 30-80% In Hours What Do The On-Chain Metrics Say? The number of transactions fostered on the blockchain has gradually inclined over the past fortnight. Around Christmas, less than 60k transactions were fostered per day on the blockchain. Towards the end of last week, 91k was achieved. At press time, even ...