Crypto: Cardano's commercial activity is increasing! Will it explode, ADA? version EN

Crypto: Cardano's commercial activity is increasing! Will it explode, ADA?

Recently, Cardano (ADA) has seen a sharp increase in its commercial activity, piqueing the interest of cryptocurrency market analysts and investors. Santiment's data indicates that Cardano now has historical high activity pictures of addresses! This could point to a potential ADA price rebound in the near future.

Ardano: a rapidly expanding business activity!

One of the main causes of this increase is Chang's recent implementation on the Cardano network. The 

much anticipated introduction of decentralized governance hasn't, however, resulted in a significant increase in the price of cryptocurrency. Despite the excitement around this update, the price of ADA is still outside of the top 10 cryptocurrency rankings, trailing behind active coins like Tron (TRX) and Dogecoin (DOGE).

Simultaneously, cryptocurrency data shows that over the past 24 hours, the ADA's trading volume has increased by 26.16 percent, reaching a substantial amount of 465,31 million dollars. This increase in trading volume suggests that there is growing interest and business activity on the ADA market. Additionally, the price of Cardano has seen a significant increase as well; it is currently trading at $0.335, up 2.76 percent over the past 24 hours.

Crypto: Is ADA ready to take off?

Analysts and traders interpret this price increase as a positive indication for the ADA and possibly a harbinger of a new overall trend for cryptocurrencies. Cardano, known for emphasizing security and scalability through its own proof-of-work system, is drawing more and more attention as a possible alternative to Ethereum (ETH).

Furthermore, the open interest for the ADA has increased by 11.89% to reach $252,84 million at this time. L'intérêt ouvert, exprimé comme le total des contrats en cours non réglés, peut être utilisé comme un indicateur de l'état du marché et les fluctuations futures des prix. This increase, along with the rise in trading volume, suggests that cryptocurrency investors are becoming more optimistic about the prospects for the ADA.

A renewed interest in Cardano (ADA) is indicated by the company's increased business activity and recent updates. With a rise in trade volume and a positive market attitude, futures prospects appear promising.