Cardano: Explaining if ADA is a must-watch for April

April has always been a tricky month for ADA holders. Here’s a look at how ADA performed in April historically and what’s next.might have posted a 5.06% 30-day increase but as April nears ADA holders should tread carefully. History showed that the month might not be kind to the token., ADA experienced a 16.10% decrease last April. In 2022, it was not good either as the price nosedived by 32.20% within 30 days.

As of this writing, ADA changed hands at $0.65. On a Year-To-Date basis, this was a 4.48% increase. For many market participants, the current phase of the market marks the start of the bull cycle. So, will Cardano choose to repeat 2021 over the subsequent years? According to AMBCrypto’s on-chain analysis, active addresses when Q2 2021 began were in the hundreds of thousands. In 2022, it was a similar case. However, 2023 was a little lower than the other two.that demand for ADA was unimpressive. Should the metric decline for most of next month, the price of the token might slide further.

However, if there is an uptick in activity, ADA’s price might defy what happened last year. Should this be the case, the value mightMeanwhile, dormant circulation on the network climbed as high as 1.69 billion on the 21st of March. The increase suggested that old coins moved from where they were stored.that circulation had decreased. If old ADA holders decide to stay low-key next month, then the chances of an ADA rally might increase.

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