CandleFocus Major Sign of Distress Spotted in Cardano (ADA) Rally
2024-11-18
Author: Content Editor
Cardano (ADA) has seen a surge in its price during the bull market rally, reaching its highest level in over a year. However, recent on-chain trends suggest a potential slowdown in growth, as whale transactions have decreased significantly in the past 24 hours. Despite this, Cardano's ecosystem continues to grow, with the coin experiencing a 2% increase in price within 24 hours and over 109% growth in the past month. The positive trend within the ecosystem, coupled with a potential partnership with Ripple and the anticipated demand for the coin, is expected to benefit the price of Cardano in the future.
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