Despite these positive indicators, ADA experienced a 2.28% decline in price within the last 24 hours, signaling short-term volatility. Additionally, the volume plunged by 32.66% during the same period, reflecting potential shifts in market sentiment. The overall velocity of ADA, a metric reflecting the frequency of ADA transactions, witnessed a significant decline in recent days. This dip in velocity suggests a potential decrease in trading frequency, impacting the coin’s liquidity and market dynamics.
Moreover, the number of ADA holders had also declined, showcasing a larger trend of holders losing interest in the ADA token. There would need to be a massive shift in trader sentiment for ADA to see the same level of growth as its crypto counterparts.
#Claim 1,000 U in the June Challenge#Share Your Lunar New Year Wishes with HTX#Polkadot:a sharded protocol
All Comments0LatestHot
No records