In the past 30 days, the number of active wallets on Cardano [ADA] has reached a one-year peak of over 600,000...
Cardano’s active address count spikes to its highest in the last year. But ADA’s price movements reveal a drop in bullish activity.has reached a one-year peak of over 600,000, Danogo, a decentralized exchange built on the Layer 1 network, noted in a
Due to the surge in user activity on the network since the beginning of the month, transaction fees also rallied. Per Artemis’ data, daily transaction fees on Cardano reached a two-year high of $17,000 on 14th March.ADA exchanged hands at $0.73 at press time. While its value grew by double digits in the last month, the recent market drawback resulted in a buildup of bearish sentiments, which forced a minor correction in the altcoin’s price last week.
When the trend line intersects the MACD line in an uptrend, it implies that the shorter-term moving average is declining at a faster rate than the longer-term moving average.