Cardano (ADA) has overcome recent challenges posed by external factors and provides reasons for market optimism. This article explores current trends and achievements of ADA.
Open Interest Rises in the Market
According to CoinGlass, open interest for Cardano has increased by 1.11%, with 1.25 billion ADA recorded in the futures market. This volume corresponds to approximately $680.99 million. This development suggests a potential shift toward recovery in the market.
Investor Sentiment Remains Positive
Cardano's Relative Strength Index (RSI) indicates that the asset might have reached the oversold zone, falling to 23. This could indicate a possible trend reversal. Investors are confident that ADA will remain among the top ten crypto assets by market capitalization.
Current Achievements and Prospects for Cardano
Recently, Cardano hit a significant milestone, surpassing 110 million transactions, which confirms the growing popularity and activity on the platform. The number of delegated wallets is also on the rise, which is a positive sign for further development.
Cardano shows signs of recovery after a recent price drop, eliciting positive sentiment among investors. The asset's successes in transaction volume and active usage, combined with the increase in open interest, leave hopes for potential price increases in the future.
