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Mr 420

2024/03/02 07:55

Looking at ADA

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.Cardano-ADA-15.27.38-01-Mar-2024-1024x347.png.webp
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.


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