DW FW Beginners

Main Menu

  • Home
  • Beginners guide
  • Beginner activity
  • Beginners idea
  • Beginners movie
  • Beginners business
  • More
    • Privacy Policy
    • Terms and Conditions

logo

DW FW Beginners

  • Home
  • Beginners guide
  • Beginner activity
  • Beginners idea
  • Beginners movie
  • Beginners business
  • More
    • Privacy Policy
    • Terms and Conditions
Beginner activity
Home›Beginner activity›Cardano buying activity is increasing for these possible reasons

Cardano buying activity is increasing for these possible reasons

By Roger V. Moore
August 9, 2022
0
0
Share:

Cardano buying activity saw an uptick for a brief period as Noted by a Twitter user called “Pete”. Illustrating his point through a coinmarketcap chart, the user tweeted: “Someone is buying. Just pay attention to these fixes.

He then wondered if these buyers were there for the long haul or just to make a profit – dumping them right after Vasil’s upgrade.

On the other hand, the total number of active users of the PoS blockchain indicates otherwise, as Cardano holders hit a 12-month low this week.

Data from the Messari chart revealed that the total number of daily active users fell from 234,000 in January to just 65,000 at press time.

Cardano buying activity is increasing for these 3 possible reasons

Despite this, ADA continues to be in favor among the top 4,000 BSC whales, according to data tracker WhaleStats. Again the reasons remain unknown.

Cardano has also mined 268% YTD [YTD] on-chain volume up and up 16% month-over-month [MoM] basic data from Kraken Intelligence showed.

Kraken experts cited the launch of the network’s first decentralized exchange [DEX] SundaeSwap and metaverse gaming app Pavia as the reason for the growth spurt.

On top of that, its developers increased the block size of the programmable blockchain by 10% as the projects on the ecosystem exceeded 1,000.

Kraken Intelligence also highlighted the euphoria surrounding Vasil’s upcoming hard fork in ADA’s on-chain transfer volume growth.

The long-awaited hard fork remains one of the most talked about updates to date as it is supposed to bring significant improvements to Cardano and its Plutus smart contracts.

Cardano community reacts to mark Cuba’s claims

In other news, billionaire Mark Cuban made a stunning claim that Dogecoin has greater utility than Cardano in an interview, “I still think Doge has more applications at his disposal than ADA.”

Cardano founder Charles Hoskinson reacted by posting a “sideways wave” GIF image in response to the remarks. Community-focused Twitter account ADA Whale also chimed in, saying “this was a factually incorrect statement.”

Earlier, Hoskinson pointed to the timing factor after a user criticized ADA’s price. Could these mysterious buying spikes be related to what Hoskinson was planning? Only time has the answer.

Previous Article

Marin tennis camp aims to bridge youth ...

Next Article

Turbo Golf Racing: A Beginner’s Guide

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Beginner activity

    What they mean and how to use them

    October 19, 2020
    By Roger V. Moore
  • Beginner activity

    Why M&A Activity Reached New Heights in 2021

    December 21, 2021
    By Roger V. Moore
  • Beginner activity

    10+ Sports You Can Play Anytime in Beaumont – City of Beaumont, Texas

    April 28, 2022
    By Roger V. Moore
  • Beginner activity

    Woman’s body found in trunk linked to MS-13 gang activity, law enforcement sources say

    April 14, 2021
    By Roger V. Moore
  • Beginner activity

    Dark Pool Activity: What’s Happening With Institutions Trading $34 Million in Pershing Square Stock?

    July 12, 2022
    By Roger V. Moore
  • Beginner activity

    Halloween Pumpkin Shooting Event at White Dragon Activity Center

    September 20, 2022
    By Roger V. Moore

  • Beginner activity

    Southwest Commercial Activity Grows – But Pandemic Uncertainty Remains

  • Beginners guide

    Beginner’s Guide for a Beginner in Cricket

  • Beginner activity

    Newport cop arrested for having sex with minor