Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Gemini makes a permit for expanding EU offers

2025-05-09

Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

2025-05-09

Markt -Expert says that dominance has hit its ceiling

2025-05-09
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

    2025-05-09

    Superstate is spreading to Tokenized shares; Sol -Strategies to mention first

    2025-05-09

    What are Babydoge -Properties?

    2025-05-09

    Vietnam launches his first blockchain network from home -grown: Details

    2025-05-09

    Crypto -Developer activities returns to the level of 2018, Ethereum retains a significant part of the innovation

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

    2025-05-09

    XRP – Price breaks through obstacles – could a bullish peak follow?

    2025-05-09

    Bitcoin whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

    2025-05-09

    BNB Price objectives $ 650 in the midst of renewed market optimism

    2025-05-09

    Trump Crypto Advisor picks up $ 300,000,000 for the new Bitcoin (BTC) investment firm called Nakamoto: Report

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Cardano Rises 27% in 24 Hours: Will ADA Price Predictions Come True?
Altcoins

Cardano Rises 27% in 24 Hours: Will ADA Price Predictions Come True?

2023-12-10No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: December 10, 2023


  • Cardano’s social activity has spiked in the past 24 hours.
  • Coin’s social dominance is now at its highest point in six months.

Cardanos [ADA] Social dominance has risen to a six-month high despite double-digit price increases over the past 24 hours, Santiment data shows.

Source: Santiment

According to the data provider, ADA’s social dominance peaked at 85% between December 7 and 8. At the time of writing, the coin was still in an uptrend and the coin’s social dominance stood at 3.15%.

When an asset’s social dominance grows in this way, the currency becomes more talked about online. A coin’s social activity is measured by tracking the number of mentions on social media platforms, news articles, forums, and other online sources.

The price increase of ADA over the past 24 hours can be attributed to the surge in demand for the altcoin during that period. AMBCrypto found that on December 8, the daily number of addresses completing transactions with ADA increased by 31%.

Santiment data showed that the 72,821 daily active addresses recorded that day marked the single-day high in ADA’s daily active address count since November 18.

But there’s a catch

There is a close correlation between the social activity and the price activity of an asset. When social debate surrounding an asset rises alongside its price, there is always the possibility of a sharp correction.

In situations where the price increase is not caused by a significant ecosystem update, the increase in social dominance may be due to an increase in Fear of Missing Out (FOMO).

See also  Ethereum Price Consolidates: Is a Breakout to $2,500 on the Horizon?

Are ADA holders profitable again?

The general market rally over the past month has caused the price of ADA to rise 62%. As the price of the alt grew steadily, transactions with the coin became increasingly profitable.

An assessment of the trade volume profit-to-loss ratio (a small 30-day moving average) put the benchmark at 1.02 at the time of writing. This suggested that for every trade that made a loss during that period, 1.02 ended in profit.

Similarly, ADA’s market value to realized value ratio (MVRV) has posted a positive value for the first time since April 2022.

The MVRV ratio tracks the ratio between the current market price of an asset and the average price of each acquired coin or token of that asset. A positive MVRV ratio above one indicates that an asset is overvalued and investors are staying above their cost basis.


How much are 1,10,100 ADAs worth today?


Conversely, a negative MVRV value indicates that the asset in question is undervalued. This means that if holders were to sell at the asset’s current price, they would realize losses.

At the time of writing, ADA’s MVRV ratio was 9.09%. This meant that if coin holders sold their coin at the current price, they would receive a guaranteed profit of at least 9.09% on their investments.

Source: Santiment

Source link

ADA Cardano Hours predictions Price Rises true
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Can Solana crack the barrier of $ 170? Yes – 3 reasons why

2025-05-09

XRP – Price breaks through obstacles – could a bullish peak follow?

2025-05-09

Taiwan warned of currency crisis – legislators penetrate Bitcoin as digital gold of the nation!

2025-05-09

The $ 0.36 resistance from Ethena looms – but will a correction spoil things?

2025-05-09
Add A Comment

Comments are closed.

Top Posts

Solana (SOL) that is strong above $ 150 – Breakout Zone in Play

2025-04-25

When will web3 have its Apple moment?

2025-01-04

Bitcoin Meets AI: What This Means For The Future Of Crypto

2023-07-07
Editors Picks

PARSIQ’s reactive network performs the first reactive transaction, improving interchain communication

2024-01-21

Cardano (ADA) stumbles by 8% decrease, but RUVI AIs (RUVI) Token is central to crypto investors with 100% bonus

2025-04-04

XRP Price Prediction 2025: Rise to $5, $10 and Over $100; Next big step coming?

2024-10-02

Bitcoin’s Fear & Greed Index Hits Four-Year High – Will the 2020 Trend Repeat?

2024-11-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Gemini makes a permit for expanding EU offers

Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

Markt -Expert says that dominance has hit its ceiling

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,020.561.49%
  • ethereumEthereum(ETH)$2,327.3313.45%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.354.74%
  • binancecoinBNB(BNB)$635.202.25%
  • solanaSolana(SOL)$171.457.15%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2045837.21%
  • cardanoCardano(ADA)$0.786.95%
  • tronTRON(TRX)$0.2613992.35%
  • suiSui(SUI)$3.92-0.98%
  • chainlinkChainlink(LINK)$15.974.20%
  • avalanche-2Avalanche(AVAX)$23.278.90%
  • stellarStellar(XLM)$0.2959154.69%
  • shiba-inuShiba Inu(SHIB)$0.0000156.64%
  • hedera-hashgraphHedera(HBAR)$0.1997364.57%
  • hyperliquidHyperliquid(HYPE)$24.7312.47%
  • bitcoin-cashBitcoin Cash(BCH)$409.72-2.11%
  • the-open-networkToncoin(TON)$3.251.36%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-1.44%
  • polkadotPolkadot(DOT)$4.8111.45%
  • litecoinLitecoin(LTC)$98.986.58%
  • moneroMonero(XMR)$308.243.99%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.460.32%
  • pepePepe(PEPE)$0.00001220.07%
  • piPi(PI)$0.7214.32%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.3414.31%
  • bittensorBittensor(TAO)$424.361.60%
  • nearNEAR Protocol(NEAR)$2.9010.95%
  • aptosAptos(APT)$5.525.38%
  • ondo-financeOndo(ONDO)$1.026.83%
  • okbOKB(OKB)$53.461.94%
  • aaveAave(AAVE)$209.009.41%
  • ethereum-classicEthereum Classic(ETC)$19.248.41%
  • internet-computerInternet Computer(ICP)$5.398.02%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.0012.25%
  • kaspaKaspa(KAS)$0.1028424.97%
  • gatechain-tokenGateToken(GT)$21.870.29%
  • crypto-com-chainCronos(CRO)$0.1009504.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252338-0.33%
  • mantleMantle(MNT)$0.773.42%
  • vechainVeChain(VET)$0.0296568.85%
  • render-tokenRender(RENDER)$4.925.38%
  • ethenaEthena(ENA)$0.36686816.34%
  • usd1World Liberty Financial USD(USD1)$1.000.21%
  • filecoinFilecoin(FIL)$3.046.69%
  • algorandAlgorand(ALGO)$0.2332427.54%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8411.43%
  • bitcoinBitcoin(BTC)$103,020.561.49%
  • ethereumEthereum(ETH)$2,327.3313.45%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.354.74%
  • binancecoinBNB(BNB)$635.202.25%
  • solanaSolana(SOL)$171.457.15%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2045837.21%
  • cardanoCardano(ADA)$0.786.95%
  • tronTRON(TRX)$0.2613992.35%
  • suiSui(SUI)$3.92-0.98%
  • chainlinkChainlink(LINK)$15.974.20%
  • avalanche-2Avalanche(AVAX)$23.278.90%
  • stellarStellar(XLM)$0.2959154.69%
  • shiba-inuShiba Inu(SHIB)$0.0000156.64%
  • hedera-hashgraphHedera(HBAR)$0.1997364.57%
  • hyperliquidHyperliquid(HYPE)$24.7312.47%
  • bitcoin-cashBitcoin Cash(BCH)$409.72-2.11%
  • the-open-networkToncoin(TON)$3.251.36%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-1.44%
  • polkadotPolkadot(DOT)$4.8111.45%
  • litecoinLitecoin(LTC)$98.986.58%
  • moneroMonero(XMR)$308.243.99%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.460.32%
  • pepePepe(PEPE)$0.00001220.07%
  • piPi(PI)$0.7214.32%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.3414.31%
  • bittensorBittensor(TAO)$424.361.60%
  • nearNEAR Protocol(NEAR)$2.9010.95%
  • aptosAptos(APT)$5.525.38%
  • ondo-financeOndo(ONDO)$1.026.83%
  • okbOKB(OKB)$53.461.94%
  • aaveAave(AAVE)$209.009.41%
  • ethereum-classicEthereum Classic(ETC)$19.248.41%
  • internet-computerInternet Computer(ICP)$5.398.02%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.0012.25%
  • kaspaKaspa(KAS)$0.1028424.97%
  • gatechain-tokenGateToken(GT)$21.870.29%
  • crypto-com-chainCronos(CRO)$0.1009504.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252338-0.33%
  • mantleMantle(MNT)$0.773.42%
  • vechainVeChain(VET)$0.0296568.85%
  • render-tokenRender(RENDER)$4.925.38%
  • ethenaEthena(ENA)$0.36686816.34%
  • usd1World Liberty Financial USD(USD1)$1.000.21%
  • filecoinFilecoin(FIL)$3.046.69%
  • algorandAlgorand(ALGO)$0.2332427.54%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8411.43%