Cardano explodes 33% in volume as major price breakout nears for ADA token
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Combining the figures from both the futures and spot markets, the total volume for the Cardano token in this period is approximately $800 million. This means that the turnover to market cap ratio for ADA is 5.9%, which indicates a rather normal and not exaggerated level of trading activity.trading means that market participants are paying more attention and volatility is increasing. The reason for the increase is probably the price performance of the Cardano token.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano ETF: Cardano Founder Reacts to ADA Community SpeculationThis speculation comes on heels of major ETF milestone for crypto market
Read more »
'Cardano an Elegant Masterpiece' Cardano Founder Fires Back at CriticThis harsh remark caught attention of Cardano founder
Read more »
Cardano (ADA) On-Chain Activity Skyrockets in July Despite Market CrashCardano Foundation highlighted steady growth in Cardano network's on-chain activity
Read more »
Major Cardano (ADA) Development, Shiba Inu (SHIB) Improvements, and More: Bits Recap August 22Crypto Blog
Read more »
Cardano (ADA) Price Turns Bullish as Key Upgrade Date Nears: Detailsk
Read more »
Cardano Skyrockets 68% in Volume as ADA Price Finally DeliversCardano's trading volume rockets 68% as ADA price action heats up, sparking intense market attention
Read more »