Cardano (ADA) jumps 8% in 24 hours, but what does on-chain sentiment data show?

Hey there! Before reading the article which is about Cardano (ADA) jumps 8% in 24 hours, but what does on-chain sentiment data show?, you should read about cardano 1000. It shares basic information about this article and also adds more value to it. Do let us know how you feel about it in the comment section below. Happy Reading! Really glad that you are here.

Register now on Binance, add 50$ and get 100$ bonus voucher!

As we continue to monitor the long-term trend of the Cardano (ADA) cryptocurrency, we see that it has been on a slow but steady rise since late 2017. The cryptocurrency currently has a market cap of $4.45 billion, and there has been a significant amount of debate regarding the future of the cryptocurrency. Some experts are claiming that Cardano (ADA) could be one of the next-gen cryptocurrencies, but others are claiming that it is useless. (This is especially true when you consider the fact that Cardano (ADA) only offers a handful of features while other cryptocurrencies offer dozens.)

The Cardano (ADA) blockchain has seen a significant price spike today, rising as much as 8% in 24 hours, but what does on-chain sentiment data show about the reason for the jump? Cardano’s price jumped over 8% earlier today, following a notable gain of around 8.5% yesterday. The price rise has been accompanied by a spike in trading volume, with high trading volumes recorded on the Bittrex and Upbit exchanges. (see below in image)

Cardano (ADA) is up 8% in 24 hours, but what does the channel’s sentiment data show?

Earn up to 12% annual returns on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins, etc.

Beginning of importance

Edge ‘ Cardano ‘ Edge

Shaurya Malwa – 29. April 2021 at 2:04 UTC – 2 min read

ADA, Cardano’s own smart contract platform token, is up 8% in the past day amid rising public sentiment for the broader ecosystem, according to data from multiple sources.

ADA up Cardano, for the uninitiated, operates on a proof-of-stake consensus scheme that allows coin holders, called stackers, to mine or confirm block trades based on the number of coins they have.

To read the rest of the article, log in or go to Edge.

Register now on Binance, add 50$ and get 100$ bonus voucher!

Edge helps you better understand the crypto asset market.

We can all agree that the cryptocurrency market is fast moving and confusing, but Edge can help you figure it out.

Improved message coverage
Exclusive articles and consultancy

Get an analytics edge by accessing exclusive member articles with analysis from cryptocurrency analysts around the world.

Real-time charts and price points

Get a better view of the market with real-time charts, price points and additional market data in every news article.

Discover the companies, products and people in ourarticles

We provide profiles of the people, companies, products and assets associated with each element of the Edge so you can make the connection.

Detailed data on crypto assets and sectors
Channel indicators and social mood

Get a better understanding of intra-chain trends and explore social sentiment for individual crypto assets.

Demographics of crypto asset transactions

Understand where most transactions of crypto assets take place in the world.

Search for innovative projects and sectors

Track new projects and sectors in cryptocurrencies with our manually collected data on 50+ industry verticals.

What else?
Telegram Private Community

As an Edge subscriber, you get privileged access to new articles and can interact with the community on our private Telegram channel.

Pure experience without advertising

We hide all ads from Edge subscribers.

Support for independent journalism

As an independent organization in the blockchain industry, we are guided by strict editorial policies that emphasize objectivity and transparency in our reporting.

This source has been very much helpful in doing our research. Read more about cardano breakout and let us know what you think.

Related Tags:

cardano 1000,cardano timeline 2021,cardano news,cardano breakout,ada coin price prediction,is cardano overvalued,xrp news,cardano (ada cryptocurrency)

Register now on Binance, add 50$ and get 100$ bonus voucher!

Recent Articles

Tonga accepts Bitcoin donations amid tsunami onslaught

A small island of Tonga has been hit by a tsunami, and the country is calling for donations in Bitcoin. The nation’s Prime Minister...

How to Buy Solana (SOL) in India

It is important to know how you can buy SOL in India. It’s no secret that the Indian market has only recently begun to...

How to Buy Flow (FLOW) in India

Flow is a cryptocurrency that was introduced in June 2018. It uses the Ethereum blockchain platform, but has its own built-in digital currency called...

Moonbeam Goes Live on Polkadot, Becomes its First Fully Operational Parachain

Moonbeam, the world’s first fully operational on chain scaling solution was released into the wild this week. The Polkadot-powered platform aims to provide scalability...

Stacks ecosystem becomes #1 Web3 project on Bitcoin

The Ethereum blockchain, which powers the Stacks ecosystem’s token STX, has become the most important web3 project on Bitcoin. The announcement is a sign...

Related Stories