Cardano settles approximately $7.2 billion daily in on-chain volume
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During the last cycle, Cardano experienced significant growth, positioned as a strong alternative to Ethereum. However, in the current cycle, the network faces…Network Value to Transaction is a ratio of market capitalization divided by transferred volume that can be used to determine if a coin is overvalued or undervalued. It draws from the basis that the price correlates with overall network usage.At the time of writing, Cardano's native cryptocurrency, ADA, was trading at $0.
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