Cardano’s (ADA) price has recently corrected after a period of strong rally, making it one of the top performers in the past week. Some of its core on-chain metrics may help it return to its growth path toward $1. The ADA community is one of the most active in the ecosystem, with metrics like whale transaction count, volume, and daily active users increasing.
According to IntoTheBlock data, ADA whale transaction volume has increased by 34% to $11.64 billion in 24 hours, and the Daily Active Users (DAU) on the protocol are also growing. Although these metrics are not currently reflected in Cardano’s price, their sustenance can help ADA maintain resilience above the $0.4 price mark.
Cardano’s price is currently trading within a tight range, with a low of $0.4289 and a high of $0.4499, but it is still more than 85% below its All-Time High (ATH) of $3.10. The Cardano ecosystem is undergoing significant changes, with the Chang Hard fork and related updates impacting its outlook. With global advances and decentralization pursuits, the demand for ADA may continue to grow in the coming weeks, potentially pushing the coin toward the $1 price.
Cardano’s community has started suggesting Charles Hoskinson for a Crypto advisor role to President Donald Trump, but it remains to be seen if this will materialize.
