Cardano wallets move northwards, but what does it mean for ADA in short term?

The number of Cardano wallets increased along with rising development activity. TVL witnessed a spike while Cardano’s NFT market took a hit. The number of Cardano [ADA] wallets has increased by 133,00 over the last month. This spike suggested that there was an increasing demand for ADA in the short term. JUST IN: Cardano $ADA […]

‘s NFTs and impacted Cardano’s on-chain activity as well. Its volume fell by a huge margin over the last week. At press time, Cardano’s volume had fallen from 224 million to 142 million in the last seven days.

However, the Binance funding rate for Cardano remained high. Thus, suggesting a bullish outlook for Cardano in the future.At press time, ADA was trading at $0.314. Its market cap dominance decreased by 8.15% in the last month. And it captured 1.24% of the overall crypto market.Subscribe to get it daily in your inbox.

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