Cardano sees bullish trend with 20% price surge and high transaction volumes
ADA/USD
+6.79%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Layer-1 blockchain token Cardano (ADA) has experienced a significant price surge of nearly 20% on Binance in early November. The rise is backed by optimistic on-chain metrics, including a three-month high in transaction volumes and an increase in profitable trades.
The transaction volume for Cardano peaked at 332.08 million on Monday, marking the highest level seen in the past three months. This increase indicates a bullish trend for ADA’s price, supported by the Net Realized Profit/Loss metric. The metric shows that most of the Cardano tokens traded this November were profitable, further cementing the positive market sentiment.
Another notable trend observed from November 2 to early Monday is the significant uptick in whale transactions—trades over $1 million. This suggests that large wallet investors are accumulating Cardano, potentially driving an ADA price rally.
Together, these key factors — rising transaction volume, increased profitable trades, and heightened whale transactions — provide a bullish outlook for Cardano. The accumulation of these factors contributes to ADA’s positive price trend in early November.
