Cardano [ADA]: This metric could bring about a change in fortune

Cardano’s development activity bounced back impressively over the last few days. ADA’s Longs/Shorts ratio dipped steadily over the last few days indicating that investors were not in support of a bullish idea. Though the Valentine upgrade was rolled out with much optimism, Cardano [ADA] has failed to capitalize on the opportunity. According to CoinMarketCap, ADA […]

First and foremost, the networking team provided updates on the fixes in the peer-to-peer code. The team also released an updated set of network packages to be integrated with the Cardano-node master branch.

Furthermore, the Marlowe team informed about the implementation of an initial partial index of Marlowe contracts in Marlowe Explorer. The negative MVRV Ratio implied that most holders would incur losses if they decide to liquidate their positions. The rising transaction volume in loss added more evidence to this observation.

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Cardano [ADA] moves sideways, investors can look for gains at these levelsADA traded in range into the weekend. Demand in the derivative markets improved, but sentiment remained negative. Cardano [ADA] consolidated into the weekend and oscillated between $0.3630 and $0.3676. Similarly, Bitcoin [BTC] traded between $23.23K and $29.96K as it struggled to maintain the $23K level. Read Cardano [ADA] Price Prediction 2023-24 Is a breach of […]
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