Cardano

April

Coin

<ul class="news-points"> 
 <li>Cardano (ADA) price at $0.25 could be undervalued given rising on-chain activity.</li> 
 <li>Santiment Data shows Cardano (ADA)’s increasing on-chain transactions.</li> 
 <li>ADA’s discussion Rates indicate rising trader interest.</li> 
</ul> 
Despite lower lows, Cardano’s on-chain transaction volumes have continued to surge to new higher levels. In a recent tweet, on-chain data analytics platform Santiment shared that <a href="https://coinedition.com/tag/cardano-ada/">Cardano (ADA)</a> is experiencing significant on-chain transaction volumes. 
According to the tweet, the recent uptick in on-chain activity comes on the heels of ADA’s suppressed market price compared to its 5-month high, which was last tested in April. 
In particular, the analytics platform mentioned that Cardano’s weekly on-chain transaction volumes have increased by 1726 percent between January and September 2023. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> .<a href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Cardano</a> is still seeing rising <a href="https://twitter.com/hashtag/onchain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#onchain</a> transaction volume despite its suppressed market value compared to its April local top. Utility plays an important role in any bounce, and this combined with adequate <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a> social dominance, is still promising. <a href="https://t.co/EbGxIN8wFd" target="_blank" rel="nofollow">https://t.co/EbGxIN8wFd</a> <a href="https://t.co/Y9SRtbXLFq" target="_blank" rel="nofollow">pic.twitter.com/Y9SRtbXLFq</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1698512462893486567?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 4, 2023</a>
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The post <a rel="nofollow" href="https://coinedition.com/cardano-continues-to-post-record-high-on-chain-transaction-volumes/">Cardano Continues to Post Record High On-chain Transaction Volumes</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Cardano Continues to Post Record High On-chain Transaction Volumes

Coin Edition

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