Massive transaction volume on the Cardano network has surged to over $1.5 billion in the past 24 hours amid green ADA price gains. Following the statistics going back 7 years that often produce outstanding results during the month of December.
IntoTheBlock, an on-chain data analytics platform, revealed that ADA, the Cardano blockchain coin, has seen a significant increase in the volume of large transactions exceeding $100,000. As a result, trading volume increased by more than $1.5 billion in the last 24 hours.
The total trading volume of the coin has increased from $17.96 billion to $19.47 billion, while the price of ADA has continued to increase as well. Its current trading price is $0.65.
Considering the mood of the Cardano market right now, it is considered to be exuberant. And if you look at statistics going back 7 years, you will find that ADA coins tend to perform most outstandingly during the month of December. Since the beginning of the month until now, ADA prices have grown by more than 63%.
The increase in large transaction volumes and price of ADA reflects the confidence and interest of major investors in Cardano, as well as their confidence in the coin’s potential. Including the capabilities of the blockchain as well.
Source: U.Today
2023-12-14 04:47:00
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