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Cardano Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook
Cardano (ADA) is trading above the critical $1 level, fueling optimism among investors anticipating further upside in the coming weeks. After a strong bullish run in recent weeks, the recent pullback appears to be a temporary pause in an upward trend. Crucial on-chain data supports this outlook, indicating robust network activity that reinforces the bullish sentiment for ADA. Key metrics shared by IntoTheBlock reveal over 840,000 transactions recorded on the Cardano network, with total fees amounting to 279,000 ADA. This data underscores growing usage and demand for the Cardano blockchain, adding to its fundamental strength. Such network activity often correlates...
Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?
Despite the crypto market recovery, a large number of Cardano holders are still nursing losses, leading to speculations as to why this is the case. Data from IntoTheBlock shows that the altcoin is the worst performer in terms of profitability when it comes to the top 10 largest cryptocurrency by market cap, disappointing holders and long-term believers. Cardano Profitability Sits At Only 15% The Cardano profitability has remained low since the market crash of 2022 and even with the market recovery, the majority of investors are still underwater on their investments. This comes as the ADA price has failed to...
The German Government Transfers 5,103 Bitcoins Worth Approximately $300 Million!
Home / Crypto Live News / The German Government Transfers 5,103 Bitcoins Worth Approximately $300 Million! Crypto Live News Author: Elena R Elena R Author Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Jul 10, 2024 18:57 Today, the German government has transferred another 5,103 Bitcoins worth $299.8 Million to multiple exchanges. Kraken, FlowTraders, Coinbase, Cumberland, and B2C2 Group about three hours ago. Reportedly, the German government has transferred 31,140 BTCs since...
