Cardano (ADA) Sees Increased Activity, But Price Remains Flat

Recently, previously inactive Cardano (ADA) coins were moved, coinciding with a surge in daily active addresses and increased trading activity.

Despite this, ADA’s price remained relatively unchanged over the past 24 hours, hinting that the coin movement might not indicate a bullish trend.

According to data from Santiment, ADA’s age consumed—a metric that tracks the movement of long-held coins—spiked to a seven-day high of 6.33 billion on Friday.

This is significant because long-term holders usually move their coins infrequently, and such movements can often signal upcoming market shifts.

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Alongside the rise in age consumed, the number of active addresses trading ADA also increased. Santiment reports that 54,200 addresses were involved in transactions, marking the highest single-day activity since March 6.

However, while a rise in active addresses typically suggests a positive trend, the subsequent decline in ADA’s price following the age consumed spike indicates that a local peak may have been reached, suggesting a potential further decline for the coin.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.