Cardano (ADA) has seen a 20% drop in value recently, a decline that reflects overall market trends but also creates a potential opportunity for investors.
This price dip could mark the beginning of a recovery, with investors optimistic about a possible rebound.
The current market conditions, reflected in Cardano’s Market Value to Realized Value (MVRV) ratio, indicate that those who bought ADA in the last month are facing losses of around 15%.
However, the ratio has now fallen into a historically significant range, between -13% and -26%, often signaling a potential bottom and the start of a reversal.
This is the first time in four months that ADA has reached this critical point, and past occurrences in this zone have typically been followed by substantial recoveries.
Additionally, the lack of noticeable spikes in realized profits suggests that investors are not yet rushing to sell their holdings.
This absence of aggressive selling helps maintain market stability and reduces the likelihood of further sharp declines. As profit-taking slows down, the market is expected to stabilize, giving ADA more room to potentially climb in the coming weeks.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]
A community-driven initiative launched Monday is inviting Ethereum users to lock art, memories, and personal messages inside a decentralized “time capsule,” set to be opened on the network’s 11th anniversary next year.
A new CryptoQuant report highlights a growing divergence between long-term Ethereum holders and short-term Bitcoin buyers, with significant accumulation behavior unfolding in both markets amid increasing political and economic tension in the U.S.
According to a new analysis from CryptoQuant, TRON (TRX) may be gearing up for a breakout as tightening Bollinger Bands point to an imminent expansion in volatility.