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As on-chain activity rises, Cardano flips Ether and XRP in transaction volume — where is the ADA price headed?
Cardano's network is busier than it's ever been. Cardano's transaction volume has surpassed that of Ethereum and XRP in the previous 24 hours, thanks to a rush of activity.
Cardano outperforms Ethereum and XRP in terms of usability.
According to Messari data, the Cardano blockchain handled a total transaction volume of $17.04 billion last week, while Ethereum had a total transaction volume of $5.25 billion and XRP had a total transaction volume of $700 million.
Cardano continues to lead Ethereum and XRP in terms of 24-hour adjusted transaction volume, with $12.75 billion, compared to $613 million and $3.56 billion for XRP and Ethereum, respectively.
Cardano had previously exceeded Ethereum in terms of daily transaction volume. Cardano recently outperformed bitcoin and ethereum in terms of transaction volume. Notably, this was the first time Cardano's adjusted transaction volume surpassed that of the benchmark cryptocurrency.
As developers hurry to join the Ethereum network, which is widely regarded as the leader in smart contracts, the network has experienced a lot of success. However, this has resulted in network congestion, which has resulted in higher gas prices. Users have flocked to faster proof-of-stake (PoS) rival blockchains like Cardano, which have lower transaction costs.
What Is the Future of ADA's Price?
Cardano's growth in recent months has been impressive, as evidenced by its rising market value. Furthermore, the Cardano blockchain has grown by about 13 GB since the start of the year, indicating a lot of chain activity.
ADA's price was $0.947046 at publication time, up barely 0.5 percent in the last 24 hours, despite all of these elements depicting a healthy Cardano blockchain. Despite recent attempts to launch a comeback, the token is still about 69.3% behind its all-time high of $3.09 reached in September 2021. The seventh-largest cryptocurrency by market capitalisation has also dropped 16 percent in the last month.
Because of its market dominance, Bitcoin may be able to help altcoins recover in the near future if it can build a sustained recovery. However, the majority of cryptocurrencies appear to be failing to recover from weeks of poor performance.
Meanwhile, a fintech panel at Finders predicts that by the end of the year, ADA will be worth more than $2.79.
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By Crypto PiratesCardano's network is busier than it's ever been. Cardano's transaction volume has surpassed that of Ethereum and XRP in the previous 24 hours, thanks to a rush of activity.
Cardano outperforms Ethereum and XRP in terms of usability.
According to Messari data, the Cardano blockchain handled a total transaction volume of $17.04 billion last week, while Ethereum had a total transaction volume of $5.25 billion and XRP had a total transaction volume of $700 million.
Cardano continues to lead Ethereum and XRP in terms of 24-hour adjusted transaction volume, with $12.75 billion, compared to $613 million and $3.56 billion for XRP and Ethereum, respectively.
Cardano had previously exceeded Ethereum in terms of daily transaction volume. Cardano recently outperformed bitcoin and ethereum in terms of transaction volume. Notably, this was the first time Cardano's adjusted transaction volume surpassed that of the benchmark cryptocurrency.
As developers hurry to join the Ethereum network, which is widely regarded as the leader in smart contracts, the network has experienced a lot of success. However, this has resulted in network congestion, which has resulted in higher gas prices. Users have flocked to faster proof-of-stake (PoS) rival blockchains like Cardano, which have lower transaction costs.
What Is the Future of ADA's Price?
Cardano's growth in recent months has been impressive, as evidenced by its rising market value. Furthermore, the Cardano blockchain has grown by about 13 GB since the start of the year, indicating a lot of chain activity.
ADA's price was $0.947046 at publication time, up barely 0.5 percent in the last 24 hours, despite all of these elements depicting a healthy Cardano blockchain. Despite recent attempts to launch a comeback, the token is still about 69.3% behind its all-time high of $3.09 reached in September 2021. The seventh-largest cryptocurrency by market capitalisation has also dropped 16 percent in the last month.
Because of its market dominance, Bitcoin may be able to help altcoins recover in the near future if it can build a sustained recovery. However, the majority of cryptocurrencies appear to be failing to recover from weeks of poor performance.
Meanwhile, a fintech panel at Finders predicts that by the end of the year, ADA will be worth more than $2.79.
Support us!