As Cardano transactions surge, assessing ADA’s road ahead
What is the current RSI value for ADA?
The current RSI (Relative Strength Index) value for ADA is 51.13, which implies that bullish momentum around the token is high.
How many payments did Cardano complete in the last 24 hours?
Cardano successfully completed 250,000 payments in the last 24 hours, experiencing a surge in overall network activity1. This increase in transactions could be attributed to the rise in DEX (Decentralized Exchange) volumes on the Cardano network.
What caused the recent surge in Cardano transactions?
The recent surge in Cardano transactions can be attributed to several factors, including increased Decentralized Exchange (DEX) volumes on the network, large transactions exceeding $100,000, and a growing accumulation trend among large holders. Additionally, the anticipation of a software upgrade, named Alonzo, which will enable the Cardano blockchain to process smart contracts, has also contributed to the increased activity on the network.