- ADA was down by more than 18% in the last seven days.
- There was a chance of a trend reversal as Cardano’s Open Interest dropped along with its price.
2024 began on a good note for Cardano [ADA], at least on the development front, as a key metric surged by triple digits. However, this could not help ADA overcome the wrath of the bears.
At press time, ADA’s daily and weekly charts were both painted red.
Cardano’s development surged by 250%
On the 7th of January, Cardano Feed posted a tweet that highlighted the blockchain’s massive achievement. As per the tweet, Cardano’s development activity increased by nearly 250% over the last 30 days.
Cardano Surges Nearly 250% In Development Activity, Whale Buying Appetite – Details | Crypto Breaking News #Cardano #cardanofeed #trading #ADA #crypto #CardanoCommunity #bitcoin
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Author: Dipayan MitraDid you like this?
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