Cardano

<ul><li>DA&#39;s -43.16% price-DAA divergence implies a buying opportunity, reflecting short to mid-term investment potential.</li><li>The token mirrors its 2018-2020 trend, predicting a potential surge to $0.75 by late December 2022.</li><li>Cardano nears an all-time high address count and a 400% YTD TVL increase, backed by strong technical indicators.</li></ul>Cardano (ADA) has recently taken the spotlight in the cryptocurrency market with its notable performance, especially considering its position among the top ten cryptocurrencies by market capitalization. Consequently, investors and market analysts closely monitor ADA&#39;s movements and underlying metrics.<a href="https://cryptotale.org/?s&#61;Cardano" rel="noopener noreferrer nofollow">Cardano</a> has witnessed an unusual trend where its price has surged while the number of active addresses on its network has declined, prompting scrutiny from crypto experts. Santiment, a renowned analytics firm, presented <a href="https://app.santiment.net/charts?settings&#61;%7B%22slug%22%3A%22cardano%22%2C%22ticker%22%3A%22ADA%22%2C%22from%22%3A%222023-11-08T23%3A00%3A01.741Z%22%2C%22to%22%3A%222023-11-16T22%3A59%3A59.741Z%22%7D&amp;widgets&#61;%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%5D%7D%2C%7B%22widget%22%3A%22PriceDAADivergenceWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22price_daa_divergence%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23FF5B5B%22%5D%7D%5D" rel="noopener noreferrer nofollow">data</a> revealing a noteworthy divergence in the Daily Active Addresses (DAA) metric, a crucial measure of blockchain user activity. Cardano&#39;s ADA cryptocurrency currently exhibits a substantial -43.16% price-DAA divergence. Such a divergence can carry significant implications for investors, indicating a buying opportunity for those with short to mid-term investment horizons.However, if the Cardano DAA had surpassed the price growth, it would have hinted at a selling signal. This rapid uptrend within a short period raises questions about the optimal entry time for market players. Moreover, Ali, an acclaimed crypto analyst, took to his X platform account to share his insights. He noted that Cardano&#39;s consolidation trend closely mirrored its 2018-2020 phase, without the COVID-19 crash. If this pattern holds, ADA could break the $0.45 resistance by early December, potentially reaching $0.75 by late December.Read full article at<a href="https://cryptotale.org/ada-surges-amid-on-chain-metrics-a-bullish-outlook/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

ADA Surges Amid On-Chain Metrics: A Bullish Outlook

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