Cardano (ADA) Has Recently Surpassed 7.2 Million in Native Assets

The global crypto market cap is 0.54% down at press time, taking the total crypto market cap down to $854.54 billion at press time. This is according to the crypto market tracking website, CoinMarketCap.

Nonetheless, activity for the Cardano network has spiked over the last 24 hours. In a tweet made by Adverse News today, the Cardano network has recently surpassed 7.2 million in native assets.

In addition, Adverse News posted another tweet today that shows that the Cardano network completed 66,000 transactions in the last 24 hours.

The two milestones have not had a positive effect on the performance of ADA’s price, as the altcoin’s price is currently down 0.76%. This has brought its price down to $0.3123 and has added to its negative weekly performance, taking ADA’s overall weekly price movement down to -1.66%.

ADA has also weakened against Bitcoin (BTC) by 0.53%, but was, however, able to strengthen against Ethereum (ETH) by 0.34%.

In terms of daily trade volume, ADA has seen an increase in this regard. Currently, the daily trading volume for ADA stands at $152,440,684 at press time, which is a 3.69% increase compared to yesterday.

Daily chart for ADA/USDT (Source: CoinMarketCap)

The price of ADA had attempted to challenge the 9-day EMA line, but was stopped in its track by bears. At press time, the daily chart for ADA/USDT is slightly more bearish than bullish as the 9-day EMA is positioned below the 20-day EMA.

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